Global Energy of Eastern Europe

Global Energy of Eastern Europe

Today, the world is in the process of transitioning its energy sector to have its economies thrive as it is at the core of industrial developments.

The energy transition in most eastern states in Europe is, no doubt a landmark towards growth economies. European nations such as Poland, Hungary, Czechoslovakia, Bulgaria, Romania, and East Germany are the latest beneficiaries of this particular movement.  Some of these states are considered to be members of the European Union (EU); some are geographically located in areas they can easily access energy, while others lack entirely conditions that favor them to tap into this system, such as expertise and finances (Handke, 2018). The differences set the stage for divergent energy securities at the national level, thereby leading to the introduction of different energy supply strategies. More so, these strategies mainly affect the corporation and interdependencies of the states in question.

Other countries sometimes regard energy renewal as an industrial chance to diversify their energy economies and mitigate emissions of gas. This is a movement that is loudly applauded by the world energy regulation body mandated to enhance safety energy emission in the air. Challenges such as these are mainly addressed by European corporations for more natural coordination and networking. Other neighboring countries, however, perceive these bodies as a nuisance only meant to deny them such privileges as their partners (Pérez, Scholten, and Stegen, 2019). Besides, they consider it such a security threat to the supply of cheaper fuel, thus bringing grid challenges and an increase in cost. According to them, the concept is prone to causing price volatility, the result being increased in unemployment and little revenue collection. The recent study shows that the differences have increased, leaving so many questions unanswered.

Challenges of a Multi-speed Energy Transition in Europe

Due to the marginal differences that most of the European countries get themselves into as regards to energy supply, most states in Europe bear the brunt of this aftermath. Indeed the people living around the location sometimes end up missing on the services of the government as a result of this crisis.  Renewable energy presents very strategic challenges. The following are the reasons for these problems:

Unemployment: power, as it were, is the sole source of business operations in Eastern Europe. Little or lack of it is, therefore, a recipe of a mechanical breakdown that employees quite a several people in these states. Therefore, individuals in Eastern Europe do not have work that would sustain their lives. The problem is arguably caused by a lack of energy supply in countries like Romania. Economically, the EU is mandated with the prosperity and renewables promises, which is likely to be thwarted by the aggrieved parties due to competition and clean technologies.

Security lapses: the supply of energy as it were should be a reflection of all the inhabitants of Eastern Europe. However, security threats have emerged as issues of supplying cheaper renewable energy come to the fore. Additionally, the concept brings to play the hoarding of fuel together.

Increased energy costs: Increased hoarding of energy resultsresults in the high price of the element. The practice was mainly done as a way to benefit other states causes suffering not only to business communities but also to the surrounding industries.

Border Uncertainties:  the presence of new supply chains, coordinating materials, generation technologies, sources, and distribution networks imply fresh uncertainties, dependencies, and energy border crisis.

Inadequate cooperation:  the introduction of renewable sources into the present energy systems entails concerted effort among members. However, the EU is giving little information about how the energy system will look like as it seems on the way of transition (Resch, Welisch, and Held, 2016).

Benefits of Renewable Energy in Eastern Europe

In the spirit of becoming the leading global supplier of renewable energy, the EU targets a market share of around 30 percent by 20130. The movement comes with a host of benefits that include:

1. It has increased renewable energy, thus reducing the emission of dirty air in the air.

1. It has promoted internal market integration among member countries. This has enhanced good rapport between the boarders, thus increased the flow of energy not only in European states but also in the global front. Besides, the element enables the construction of infrastructure with minimal technical barriers.

• Climate action: the Paris agreement stipulates global standards of climate leadership engineered by the EU. In this regard, the call for de-carbonization of the economy is in high gear.

In conclusion, renewable energy amongst eastern European nations is marred by challenges that may cause a drastic fall in its economy. Globally, the situation is being felt as regards the emission of gases in the air resulting in health hazards. However, the EU is the process of compacting the scenario by employing strategies that will see a reduction of these challenges.

References

Handke, S. (2018). Renewables and the Core of the Energy Union: How the Pentalateral Forum Facilitates the Energy Transition in Western Europe. The Geopolitics of Renewables (pp. 277-303). Springer, Cham.

Pérez, M.D.L.E.M., Scholten, D., and Stegen, K.S., 2019. The multi-speed energy transition in Europe: Opportunities and challenges for EU energy security. Energy Strategy Reviews, 26, p.100415.

Resch, G., Welisch, M., Liebmann, L., Breitschopf, B., & Held, A. (2016). A prospective assessment of costs and benefits of renewable energy use in the European Union. Energy & Environment, 27(1), 10-27.