Energy Transformation Model in the Regions – the Example of Lithuania

• In Event: Economic and Technological Transformations

Abstract

The impact of climate change is felt around the world. One of the main sources of climate change is the energy sector. This sector is characterized by the fact that, in the case of fossil fuels, it is concentrated in several countries. This hampers the progress of other countries and their regions. The development of renewable energy promotes the creation of new, local jobs, technological development and the use of regional resources. However, in order to achieve energy transformation, not only financial investments are necessary, but also a clear political will for change. It is safe to say that the Baltic countries were the first to reveal the impact of the energy situation on geopolitics. They proved by their example that the diversification of energy resources strengthens the countries' economic and political systems. This study is based on the example of Lithuania. Due to the unfavorable geopolitical situation, Lithuania had to not only transform the energy system, but also fundamentally change the prevailing economic relations. The new biomass energy sector was created and allowed to produce heat without imported natural gas. Today, the final steps are being taken to ensure stable electricity production from renewable resources and energy independence. This study presents a model of energy transformation based on the use of local resources in the regions to strengthen energy self-sufficiency. The biological waste and unused land areas in the regions can be used for energy production. In addition, it is extremely important to promote energy efficiency projects. The model pays particular attention to social competencies - corporate governance, social inclusion, resource conversion. The model, based on the principles of sustainable development, would allow strengthening the economic independence of the regions, the solution of current social problems, and better use of local resources.

Short Bio

Mantas Švažas, Vytautas Magnus University (Lithuania)

The main directions of research are energy economy, regional economy, clusterization. M. Švažas has prepared more than 30 scientific articles, has contributed to the preparation of monographs and scientific studies. Currently, M. Švažas is working on energy transformation impact research, evaluation of agricultural and energy synergies. The scientist shares his experience with the academic and business community - he is an independent member of the boards of municipal companies, a member of the organizing committees of scientific conferences.

Author

• Mantas Svazas, Vytautas Magnus University