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Projection of cumulative benefits from the import and export of energy of Serbia for the period until 2050 (in euros).
Source publication
This paper aims to investigate the outlook of energy generation by means of transformation within the context of sustainable energy development. An analysis is conducted to assess the stability of energy systems so to implement cutting-edge energy production models at the national level, with a focus on a contemporary approach to energy modeling. C...
Context in source publication
Context 1
... an economic perspective, stabilizing the system and fully utilizing renewable energy sources (RESs) in line with the SCOIE2 scenario's energy requirements would undoubtedly provide significant benefits for the competitiveness of energy entities, for stakeholders, and the overall economic growth. Table 5 presents the predicted cumulative value of the total energy import and export for different sources of energy, including coal, electricity, oil, and oil derivatives, based on the reported price changes from 2012 to 2023. While the SCOIE2 scenario shows favorable outcomes in terms of the ratio of energy imports and exports, the main concern is whether the ideal circumstances necessary for promoting renewable energy sources at the national level by 2050 can be realized. ...