Environmental and economic analysis of technological innovations in the energy sector
Li,Rui Kubatko,Oleksandr Baranchenko,Yevhen Benetyte,Raminta Melnyk,Leonid Dehtyarova,Iryna Matsenko,Oleksandr
Li,Rui
Kubatko,Oleksandr
Baranchenko,Yevhen
Benetyte,Raminta
Melnyk,Leonid
Dehtyarova,Iryna
Matsenko,Oleksandr
Abstract
The work is related to the justification of decisions on the implementation of innovative technologies in the phase transition to a new model of economy. The purpose of the work is to present a comparative analysis of the economic and environmental efficiency of two competing technologies of energy production (fossil fuel and renewable). The comparative efficiency method was used, and it is based on the assessment levelised cost of energy (LCOE), the total present value of the energy projects implementation. The calculations showed that 2019–2021 were a milestone at which alternative energy sources in economic terms became compared with traditional energy sources (based on the combustion of fossil fuels). It is made a prognosis that by 2030, the economic advantage of using alternative energy per unit of energy production will exceed the value of traditional energy by 2.5 times.
Description
Publisher Copyright: Copyright © 2022 Inderscience Enterprises Ltd.
Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Research Projects
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Journal Issue
Keywords
digital economy, energy storage, environmental damage, green energy, renewable resources, SDG 7 - Affordable and Clean Energy
Citation
Li, R, Kubatko, O, Baranchenko, Y, Benetyte, R, Melnyk, L, Dehtyarova, I & Matsenko, O 2022, 'Environmental and economic analysis of technological innovations in the energy sector', International Journal of Global Environmental Issues, vol. 21, no. 2-4, pp. 182-197. https://doi.org/10.1504/ijgenvi.2022.126204