Progress in Green Economics

Author(s): Filip Lestan* and Sajal Kabiraj

DOI: 10.2174/9789815050172122010004

Green Economic Transition Scenarios in the Arctic Region

Pp: 17-45 (29)

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Abstract

SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.

Abstract

When the words “Energy” and “Arctic” occur together within the global
context, in most of the cases, the ideology creates an image and ideas of large fossil
fuel projects, oil and gas rigs, and ship tankers. Governments, institutions,
businessmen, and other key stakeholders from the energy sector in the Arctic region
face pressures that could be translated as green transition, low-carbon age, or data
regarding the new oil. The green economy is a significant concept that refers to the the
green transition of energy resources in the Arctic region. This particular chapter
highlights numerous global trends, key driving forces and assumptions that have a
direct impact on the future evolution of green transition in the Arctic region by the year
2030. The primary goal of this chapter was to create and draw potential future
alternatives for the development of transition to green energy in the Arctic region by
2030. Hence, authors developed three green transition scenarios which do not aim to
strictly project and forecast the future; instead, the aim is to identify possible
alternatives of green transition evolution in the Arctic region by 2030. In addition to
that, the authors developed a framework of key driving forces influencing green
transition in the Arctic region, and introduced wild scenarios of green transition in the
Arctic region.

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