What is the socioeconomic impacts of energy transition for sustainable economic development in community?5 answersThe socioeconomic impacts of energy transition for sustainable economic development in communities are significant. Transitioning to renewable energy sources, such as through energy communities and individual prosumers, can lead to positive effects on value added, employment, and reductions in CO2 emissions. Implementing clean and affordable off-grid mini-grid solutions in remote communities can unlock economic potentials, create businesses, generate employment, and increase income. Energy transition in insular systems, like the Sifnos Energy Community, can contribute to social and economic development by providing energy independence, creating new professional activities, and reducing dependence on tourism. Renewable Energy Communities (CER) can support urban redevelopment projects, promote responsible actions, and benefit territories and communities through energy production, consumption, and exchange. However, it is crucial to engage communities extensively to address unintended social consequences and economic inequalities during energy transitions.
What are the economic impacts of photovoltaic plants on local communities and energy markets?5 answersPhotovoltaic (PV) installations in local communities have significant economic impacts. Shared PV systems among households can lead to reduced energy expenditures, with potential savings of up to 16.42% through intracommunal energy transmission and blockchain-based ledger settlements. Energy communities can offer economic benefits by lowering electricity bills, promoting environmental sustainability, and providing fair benefits to participants through optimal energy management algorithms. Additionally, operating local energy markets within energy communities can enhance the feasibility of small-scale PV investments, potentially making them more economically viable. These findings highlight the potential for PV plants to not only benefit individual households economically but also contribute to the overall economic well-being of local communities and energy markets.
What are the socio-economic impacts of the energy transition?4 answersThe socio-economic impacts of the energy transition are significant. The completion of a global energy transition scenario leads to a decrease in energy return on investment (EROI) and high investment share, employment, and inflation trends, characteristic of a "war economy". Research on the social impact of the energy transition focuses on the connotation, pathways, and different types of a just energy transition, with hot areas of research including sustainable development of energy, political economy, and society. Green growth is positive in most industrialized nations, with technology advancement being the primary factor behind economic and environmental improvement. Additional green energy investments bring positive GDP, social, and emission-saving effects, although impacts vary across countries and industries. Climate change, driven by increased carbon dioxide levels, has negative impacts on global socio-economic development, leading to extreme weather conditions and affecting the global economy.
How do off-grid portable solar systems impact the local economy?5 answersStep 1: Answer without citation
Off-grid portable solar systems impact the local economy by providing potential solutions to environmental challenges, such as reducing greenhouse gas emissions and air pollution. However, the utilization rate of solar charging stations and solar irradiation significantly influence the environmental impact. Additionally, the deployment of solar home systems in low- and middle-income economies can increase electricity access, potentially benefiting the local economy.
Step 3: Answer with citation
Off-grid portable solar systems impact the local economy by providing potential solutions to environmental challenges, such as reducing greenhouse gas emissions and air pollution, as highlighted by Schelte et al.. However, the utilization rate of solar charging stations and solar irradiation significantly influence the environmental impact, as mentioned by Schelte et al.. Additionally, the deployment of solar home systems in low- and middle-income economies can increase electricity access, potentially benefiting the local economy, as discussed by Correa et al..
How do utility solar farms impact the local and state economy?5 answersUtility solar farms have a significant impact on the local and state economy. They contribute to the reduction of greenhouse gas emissions and provide a source of renewable energy, which helps in achieving sustainability goals and reducing dependence on fossil fuels. The integration of solar energy into the grid requires the development of smart energy systems, which utilize Internet of Things (IoT) technologies for real-time monitoring and performance analysis of solar facilities. This creates opportunities for job growth and economic development in the energy sector. Additionally, solar farms can have positive effects on the hydrology and water quality of the surrounding area, especially when coupled with agriculture as "agrivoltaics". The expansion of solar resources also leads to the need for complementary technologies and policies, such as energy storage and retail rate reforms, which can further stimulate the local and state economy.
What are the environmental impacts of solar energy on the inhabitants of a region?5 answersSolar energy systems have both positive and negative impacts on the environment. On the positive side, solar energy is a clean, renewable, and local source of energy that contributes to sustainable development and reduces CO2 emissions. However, the production and operation of solar energy systems can have some negative impacts on the environment. These include the generation of waste materials, such as toxic, corrosive, flammable, and explosive substances during the production of photovoltaic cells. Additionally, the manufacturing, construction, and decommissioning phases of solar energy systems can also have adverse environmental repercussions. It is important to address these impacts through waste minimization, recycling, and other mitigation measures. Overall, while solar energy systems offer significant environmental benefits, it is necessary to consider and manage their potential negative impacts on the environment.