Green Transition in the Energy Sector: Opportunities versus Threats

Abstract

The circular economy or green economy has introduced green transformation for every sector and organization in the last decade. Energy is a factor of primary importance for economic growth and development. However, energy consumption and non-renewable energy sources have largely negative effects in the fight against climate change and global warming. In other words, the economic growth approach based on non-renewable energy sources does not bring a sustainable future. At this point, the green transformation in the energy sector has enabled both developed and developing countries to follow new and sustainable strategies. At the forefront of new and sustainable strategies are energy production based on clean and renewable energy sources and responsible energy consumption practices. This study is a mini review and it aims to explore future opportunities and threats by examining the advantages and disadvantages of new applications that emerged with the green transformation in the energy sector. It is thought to give a brief profile for green transition in the energy sector. The study focused on the side of energy sources and energy production in the context of energy sector.