Energy Transition refers to the global shift from traditional fossil fuel-based energy systems to a more sustainable, low-carbon, and environmentally friendly energy infrastructure. It encompasses the process of transitioning from high carbon-emitting energy sources, such as coal and oil, towards cleaner and renewable alternatives, including solar, wind, hydro, and geothermal power.
This comprehensive transformation is driven by the need to combat climate change, reduce greenhouse gas emissions, and achieve sustainable development goals. The energy transition involves rethinking and reorganizing the entire energy supply chain, including energy production, distribution, storage, and consumption, with the aim of achieving a more sustainable and resilient energy system.
Two reputable sources for further information on Energy Transition are:
1. International Energy Agency (IEA) – Transitioning Energy Sector:
The IEA, an autonomous organization within the framework of the Organization for Economic Co-operation and Development (OECD), provides authoritative analysis, data, and policy recommendations on global energy markets. Their website offers valuable insights into the global energy transition, including reports, publications, and statistics.
2. Rocky Mountain Institute (RMI) – Energy Transition:
The Rocky Mountain Institute is an independent non-profit organization working towards a sustainable future through efficient use of resources. They focus on accelerating the energy transition through market-based solutions, innovation, and collaboration. RMI’s website presents various resources, articles, and reports on the energy transition.
These references provide a wealth of information for individuals seeking to understand the complexities and implications of the ongoing energy transition and its importance in shaping a sustainable energy future.
This A.I.-generated glossary is intended to provide a convenient means to understand terminology used on this website in the context of physical commodities trading. Some terms may have alternative and/or expanded definitions that may not be relevant here and thus not included. Sources provided are for reference and not intended to be an endorsement of the broader content on that website. Suggestions, questions, or corrections can be provided in the comment box on definition pages.