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Energy is the subject of significant research activities globally. For example, the UK Energy Research Centre is the focal point for UK energy research while the European Union has many technology programmes as well as a platform for engaging social science and humanities within energy research. [18]
The renewable-energy industry is the part of the energy industry focusing on new and appropriate renewable energy technologies. Investors worldwide are increasingly paying greater attention to this emerging industry. In many cases, this has translated into rapid renewable energy commercialization and considerable industry expansion.
Renewable energy in developing countries is an increasingly used alternative to fossil fuel energy, as these countries scale up their energy supplies and address energy poverty. Renewable energy technology was once seen as unaffordable for developing countries. [ 200 ]
An energy transition (or energy system transformation) is a major structural change to energy supply and consumption in an energy system. Currently, a transition to sustainable energy is underway to limit climate change. Most of the sustainable energy is renewable energy. Therefore, another term for energy transition is
Economists may regard the manufacture of vehicles as a foundational industry and as a bellwether industry. [1] In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry.
The most energy-intensive activities in industry have the lowest shares of renewable energy, as they face limitations in generating heat at temperatures over 200 °C (390 °F). [ 219 ] For some industrial processes, commercialisation of technologies that have not yet been built or operated at full scale will be needed to eliminate greenhouse ...
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World consumption of primary energy by energy type. [1] Energy consumption per capita per country (2001). Red hues indicate increase, green hues decrease of consumption during the 1990s. [2] The environmental impact of the energy industry is significant, as energy and natural resource consumption are closely related.
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