Affiliation:
1. Department of Business Technologies and Entrepreneurship, Faculty of Business Management, Vilnius Gediminas Technical University, Sauletekio 11, LT-10223 Vilnius, Lithuania
Abstract
The transition towards renewable energy is not as impressive as expected when considering the wide array of efforts undertaken. Energy-abundant countries do not have sufficient stimuli to curb the use of fossil fuels; some of them even work on increasing international supply. Greenhouse gas emissions remain high. As the world population grows, more attention must be devoted to the transition towards renewables. This transition requires additional resources and leaves behind waste that must be recycled. Without a circular economy, the transition towards renewable energy will require extra power, resulting in a spiral that is very detrimental to the environment of our planet. This paper provides a picture of the current situation, discusses tendencies, and systemizes issues that must be tackled.
Funder
European Research Executive Agency
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