Munich Personal RePEc Archive

Energy and Economy Overview with Accent on Possibilities in Austria

Paunić, Alida (2015): Energy and Economy Overview with Accent on Possibilities in Austria.

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With rising GDP/capita, population increase on the world scale further rise in energy demand is expected. Today’s division on rich north and poor south has added one more category: countries that are endowed with non renewable energy potentials, one that work actively on implementation of renewables and those who do have natural potential and slow to incorporate renewable due to financial, economical, war, other obstacles. Although it is said that energy should be available to all people, and strategy of diversification and security is actively promoted one more aspect even in the most developed world is not tackled: better interrelation, trade, electrical market transparent in all forms (all renewable, nonrenewable part of bills are visible), easy change and substitution of electrical source, and weak social policy to one that lives under lower income brackets. Austria as highly developed country can serve as educative source, and with reaching its own renewable potentials gain additional strength in exporting clean energy (hydroelectrically plants, wind etc.).

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