Course: Information Technology in the Global Economy Weekly Chapter Discussions: Chapter 16-Analysis of Five Policy Cases in the Field of Energy Policy In the weekly Discussion tab in the course, the
Pranay Kumar Rudra
RE: Chapter 16 - Analysis of Five Policy Cases in the Field of Energy Policy
COLLAPSE
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Different projects have been initiated to consider the best suitable transition process towards renewable energy. In addition, an increasing number of climate change and energy strategies is being formulated and released at distinct degrees of governments (van den Braak & Choenni, 2018). Many of these arrangements and projects seek after the aim of switching from energy sources like petroleum products or nuclear capacity to renewable energy sources like solar, wind or water. The aim of this chapter is to give foundations of strategy implementation and particular methods as well as to investigate five approach implementation cases through a comparative analysis (van den Braak & Choenni, 2018).
Developing nations and nations with economies in transition are gone up against with a wide range of financial and environmental issues partially caused by their inefficient and polluting energy frameworks (van den Braak & Choenni, 2018). In any case, it is notable that at the same time their economies give probably the most promising opportunities for energy effectiveness upgrades as well as for reducing global ozone depleting substance emissions. In order to satisfy this potential, there is a need to build up a foundational and undeniable strategy that aims at promoting self-financing energy proficiency initiatives (Lachana & Charalabidis, 2018), which can raise monetary profitability, diminish fuel destitution and lessen environmental contamination.
Renewable projects will require large investments in infrastructure, which the private sector should think about risky, except if they have adequately financed, consistent incentives (Lachana & Charalabidis, 2018). In the form of incentives, strategy can also sustain industry sales until manufacturers achieve cost decreases from learning opportunities and economies of scale. The United States and China have historically taken different approaches to strategy making in the energy sector, partly because they have different necessities and priorities and partly because they have different frameworks of government (van den Braak & Choenni, 2018).
In any case, along with the current achievements in energy strategy implementation, Azerbaijan needs to defeat many obstacles that hinder the improvement of energy productivity in the energy sector. Still relatively uncompetitive condition and insufficient investments are the aftereffects of the existing structure of the energy sector, which is marked by a low level of private sector involvement (Lachana & Charalabidis, 2018). This happens because just a handful of major energy operating companies dominate the energy sector in the nation. All of them are State-possessed and vertically integrated with full syndication in energy creation and gracefully (Lachana & Charalabidis, 2018).
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