Assessing the significance of FinTech and mineral resource depletion in combating energy poverty: Empirical insights from BRICS economies

Yasmeen, Rizwana; Huang, Haiping; Shah, Wasi Ul Hassan

doi:10.1016/j.resourpol.2024.104691

Cited by 2 publications

(1 citation statement)

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“…This new energy transition is aligned with all sustainable development goals (SDGs) and puts consumers at the center of attention, which is increasingly facing the specter of energy poverty [29][30][31][32][33][34][35]. New technologies, the use of renewable energies, and the existence of prosumers have led to the decentralization and flexibility of national energy systems.…”

Section: Introductionmentioning

confidence: 99%

Navigating through the Storm—The Challenges of the Energy Transition in the European Union

Panait,

Iacob,

Voica

et al. 2024

Energies

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As civilization and technology have developed, there have been multiple energy transitions that have pushed various resources like coal, wood, oil, and gas to the forefront of the energy mix. Due to a variety of geopolitical initiatives, there have been progressively more restrictions on the energy sector in recent years. One of the main concerns of researchers is the widespread use of renewable energy and the replacement of fossil resources. The utilization of non-renewable energy sources results in a detrimental increase in greenhouse gas emissions. One of the most crucial strategies for lowering energy consumption and enhancing the energy system’s sustainability is to increase energy efficiency. Numerous studies note that energy transition has become necessary in the modern day. Using the analysis of the main components as an extraction method, hierarchical cluster analysis, this study focuses on the situation of the states of the European Union in their race for energy transition, taking into account the main challenges generated by geopolitical tensions and the energy poverty spectrum for the population. The conclusions of the study call for a reconfiguration of the energy mix based on renewable energy. Increasing the share of renewable energy is a goal pursued by EU countries, but energy policies must be considered in a broader context that includes the social aspects of the energy transition. So, just transition is a new concept that reshapes the actions of public authorities on the path to a low-carbon economy. Just transition is a necessity that puts the consumer at the center of attention so that the negative externalities generated by the move away from fossil fuels are minimized in terms of social impact.

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