1 Yale School of Management, Yale University, New Haven, Connecticut, USA.
2 School of Computer, Mathematical and Natural Sciences, Morgan State University, Baltimore, Maryland, USA.
Review Article
World Journal of Advanced Research and Reviews, 2024, 24(03), 3447-3456
Received on 31 October 2024; revised on 21 December 2024; accepted on 27 December 2024
The global energy sector faces an unprecedented challenge in balancing the three competing demands of the Energy Trilemma viz; security, sustainability, and affordability within an increasingly fragmented geopolitical and economic landscape. As nations strive to ensure energy security amid supply chain disruptions, shifting alliances, and resource nationalism, the simultaneous urgency of transitioning to sustainable, low-carbon energy systems presents economic and technological challenges. The affordability of energy remains a pressing concern, particularly for developing economies and vulnerable populations, as rising costs and market volatility threaten equitable access. This research critically examines the winding trade-offs and interdependencies among these three pillars, assessing the impact of geopolitical fragmentation, regulatory uncertainties, and financial constraints on global energy governance. Through an analysis of regional strategies, the study evaluates how developed economies, emerging markets, and resource-rich nations are responding to the trilemma. Additionally, it explores the role of technological innovations such as smart grids, carbon capture, and hydrogen economies in mitigating conflicts between energy security and sustainability while maintaining economic viability. The study further investigates the policy instruments and market mechanisms that can drive an integrated and resilient energy transition. Drawing on global case studies and empirical data, the paper proposes strategic policy recommendations for governments, industry leaders, and multilateral institutions to navigate the evolving energy landscape.
Energy Trilemma; Energy Security; Sustainability; Affordability; Fragmentation; Green House
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Mohammed Lawal Giwah, Ehizele Dean Okoduwa and Abidemi Aina. The energy trilemma: Balancing security, sustainability and affordability in a fragmented world. World Journal of Advanced Research and Reviews, 2024, 24(3), 3447-3456. Article DOI: https://doi.org/10.30574/wjarr.2024.24.3.3741