Analysis into the Trends of Global Energy Transition and Its Impact on Industrial Development

Abstract

The purpose of the study is to analyze the ongoing global and regional energy transition process, to validate the concept of accelerated expansion of alternative energy sources for our country which has a powerful resource base, and to choose optimal power generation types based on a comparison of the advantages and disadvantages of renewable resources. To work out a strategy for the development of the energy complex, it is important to strike a balance between the innovativeness of alternative technologies, environmental friendliness, and nondependence on nature’s potential, on the one hand, and the high cost of operation for industrial enterprises combined with a high level of risks, on the other. The global growth in industrial production, amounting to about 3.2 % per year, has caused an accelerated growth in energy consumption, estimated at an annual growth of 5 % and combined with changes in the structure of the global energy system. The research methods used include the ecosystemic one, structural and logical methods, expert assessment method, the systemic method, and forecasting. The results of the study can be used in designing programs for the development of the industrial complex as a whole and its interaction with the energy sector to determine potential growth points for new types of energy generation, the volumes of their application, and the types that are optimal for each region. The scientific novelty of the study lies in the selection of innovative drivers for industrial development through the use of new production resources in the field of alternative energy sources and the justification of the configuration of the infrastructure that provides them at the meso level. A system of recommendations on justified distribution of types and scale of renewable energy sources has been developed for regional authorities, which is based on the regions' specifics and holds a practical significance.