Renewable energy versus energy security: the impact of innovation on the economy

Mantas Svazas, Valentinas Navickas, Raimondas Paskevicius, Yuriy Bilan, Laszlo Vasa

    Streszczenie
    Europe's energy security is a very relevant and debatable topic today. Many countries in the European Union do
    not have sufficient fossil energy resources and are dependent on neigh-boring, energy-rich countries. Such dependence on
    other countries in the EU is useless and even dangerous, both economically and politically or in terms of energy security.
    The EU faces serious energy security challenges due to its high dependence on external energy exporters. Countries that export
    energy resources can manipulate them and exert both economic and political pressure. In order to increase the level of energy
    security, it is necessary not only to diversify energy supply sources, but also to apply relevant innovations as widely as possible.
    However, in addition to the goal of diversification, it is essential to ensure the affordability of energy so that the widest possible
    social segment has access to the energy they need. Energy availability is very important for the social and economic
    development of the country. One of the most important tasks is to produce energy resources within the country or the EU
    without doing harm to the environment, do not using fossil fuel and developing the economy in a sustainable way. This goal
    can only be achieved by applying a wide range of innovations - green energy production solutions, energy system balancing
    tools, digital technologies.
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