Energy Transition Manifesto: A Contribution towards the Discourse on the Specifics Amid Energy Crisis

Abstract

The article seeks to describe a more realistic approach to the transition to a carbon-neutral energy model in the current period of economic and geopolitical turbulence, with the high volatility of energy prices, and the disruption of geopolitical and logistic ties, and puts forward a set of fundamental principles for the energy transition. The hypothesis tested is that the development of low-carbon energy is based on the structural-technological diversification of production methods and rationalization of energy consumption through expanded electrification and application of energy demand-side management programs. The analysis of the main approaches to the energy transition across the world shows that many countries now prioritize renewable energy sources, even though, despite their obvious environmental benefits, they are less reliable due to their intermittent nature. The proposed principles of the energy transition draw from a more flexible, compromise approach that implies an optimal balance of mutually reinforcing centralized and distributed technologies of energy generation and their characteristics. The key provisions of the manifesto were verified by means of theoretical generalization and graphical interpretation of data from a number of analytical reports of international energy agencies and the results of an expert opinion survey. The survey was conducted among leading Russian experts from energy companies, who had relevant experience of developing innovation projects in this sphere, and university researchers. Most of them subscribe to the view that, despite the economic downturn, it would be unfeasible to curtail energy transition programs at this point, and even more so, it is important to continue local modernization projects. The results of the study could have a practical application when planning structural, organizational, and market transformations aimed at achieving the objectives of energy transition amid growing uncertainty, including the expansion of the structure of generating capacities in regional energy systems and the active use of low-carbon technologies in the energy sector and related industries. © 2022 by the authors.