Version 1
: Received: 26 September 2023 / Approved: 27 September 2023 / Online: 28 September 2023 (03:29:07 CEST)
Version 2
: Received: 12 October 2023 / Approved: 13 October 2023 / Online: 13 October 2023 (07:59:47 CEST)
Akpan, J.; Olanrewaju, O. Sustainable Energy Development: History and Recent Advances. Energies 2023, 16, 7049. https://doi.org/10.3390/en16207049
Akpan, J.; Olanrewaju, O. Sustainable Energy Development: History and Recent Advances. Energies 2023, 16, 7049. https://doi.org/10.3390/en16207049
Akpan, J.; Olanrewaju, O. Sustainable Energy Development: History and Recent Advances. Energies 2023, 16, 7049. https://doi.org/10.3390/en16207049
Akpan, J.; Olanrewaju, O. Sustainable Energy Development: History and Recent Advances. Energies 2023, 16, 7049. https://doi.org/10.3390/en16207049
Abstract
Sustainable energy development (SED) is a crucial component of the Sustainable Development Goals (SDG), aiming to maintain economic and social progress while protecting the environment and mitigating climate change's effects. SED serves as a transition paradigm for sustainable development, providing a blueprint for energy peace and prosperity for people and all uses. This article identifies 10 interlinked themes of SED and explores 2 of them, which are the least studied in existing SED reviews. These two themes include energy financing and the need for 100% renewable energy (RE), a part of the decarbonization strategy towards the 1.5 – 2.0° C Scenario. The study suggests that the current G20 countries' contributions, if done continuously per annum, in addition to 80% more funding from private investment of the same amount in the 1.5°C scenario financial requirement for clean energy, is sufficient to limit global warming. In addition to the present drive for 100% RE, the article also emphasizes addressing other issues, such as energy storage options, developing countries' development agenda, and regional security stability to prevent energy wars. Emerging SED decarbonization strategies are presented across power, transport, building, and industrial sectors. The study concludes with progress and directions for future research, mainly the need for re-defining National Determined Contribution (NDC) through a centralized global or regional stock-taking strategy for greenhouse gas emissions reduction.
Keywords
sustainable energy development; SED themes; progress; emerging issues; 1.5oC global warming threshold; energy financing; 100% renewable energy uprise
Subject
Engineering, Energy and Fuel Technology
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
