Developing sustainable hybrid models to harmonize energy production and environmental preservation in global markets
1 Independent Researcher, Canada.
2 Shell Petroleum Development Company, Lagos Nigeria.
3 Shell Energy Nigeria PLC.
Review Article
World Journal of Advanced Research and Reviews, 2024, 23(02), 2816-2823
Article DOI: 10.30574/wjarr.2024.23.2.2542
Publication history:
Received on 13 July 2024; revised on 21 August 2024; accepted on 24 August 2024
Abstract:
The transition to sustainable energy systems is critical for addressing the dual challenges of meeting global energy demands and mitigating environmental degradation. This paper explores the development of hybrid energy models that harmonize energy production with ecological preservation. It begins by establishing a theoretical framework grounded in sustainable development principles and analyzing the interplay between industrial energy strategies and environmental priorities. The discussion advances to hybrid systems, highlighting their components, including renewable and non-renewable resource integration, energy storage technologies, and smart control systems. The role of global market dynamics and policy implications is examined, emphasizing the influence of international cooperation, economic incentives, and regulatory measures on adopting sustainable energy practices. The paper concludes with actionable recommendations for policymakers, industry stakeholders, and researchers, advocating for collaboration and innovation to ensure a balanced energy future. By synthesizing technological advances with policy frameworks, this study provides insights into the potential of hybrid energy models to revolutionize global energy markets and support environmental sustainability.
Keywords:
Sustainable energy systems; Hybrid energy models; Environmental preservation; Renewable integration; Global market dynamics; Energy policy
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0