A study of innovative technologies in the fuel and energy sector

Abstract

In our changing world, innovative technologies play an important role in the development of the fuel and energy industry. The use of green energy and the gradual abandonment of hydrocarbons are gaining popularity due to their negative impact on the environmental situation in the world. This phenomenon gives a new direction in the development of innovative technologies whose main purposes are to improve efficiency of energy consumption, to reduce costs and emissions into the atmosphere. The problems of the fuel and energy sector are serious, as this sector is a dangerous polluter of the environment. According to the Paris Agreement, governments have adopted laws and created zero-emission roadmaps to reduce emissions and support developing countries. The article describes innovative technologies that contribute to the development of the global fuel and energy sector, and forecasts when this sector will become environmentally friendly. At the current stage of development of the fuel and energy sector, the most popular energy source is hydrogen, as it is considered to be an incentive to improve efficiency of traditional energy consumption.

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“…Long-term energy stability as well as energy balance and independence is provided by flexible investment approach and a revision of goals, planning processes and implementation of sustainable energy management. Additionally, one needs to remember, from the point of view of an enterprise, about a flexible investment approach to the realization of intended sustainable development goals (Dyukova et al, 2022). Therefore, it seems that the most profitable and the most constructive manner of meeting the challenges related to high energy prices, energy independence and energy security is introducing eco-power engineering into the concept of sustainable development (Baleta et al, 2019).…”