Olaniyi, T. K., Day, A. R., Karayiannis, T. G., Kennedy, M. S., and Fagbenle, R. O. (2013). Sustainable energy planning and technological issues in the developing economy. iSTEAMS Research Nexus
ABSTRACT
This article describes the findings of literature review of the complex energy and technological issues for sustainable energy planning with special focus to Developing Economy (DE). Many DE are undergoing dramatic changes in socio-economic policies such market liberalisation, financing and the incorporation of grounded externalities such as the environmental implications of energy projects. The article reviews the underlying dynamics of Sustainable Energy Development (SED) in the DE and argues that the traditional energy policy formulation that focuses on the present decision without identifying how past policies created the present complexities fail to guide future decisions. The past energy development trends witnessed in the OECD nations contradict the notion of SED. The major impediments to SED in the DE are inappropriate technology; complex social organisation; environmental (energy) and resource degradation, inadequate and confused investment directions amongst others. The article analyses the dynamic forces that impinge on energy systems and seeks to improve the decision making process. This research fills an important gap in the literatures by pinpointing the pertinent issues that need addressing for SED in the DE.