Optimizing the energy mix: Strategies for reducing energy dependence
Augusta Heavens Ikevuje, Jephta Mensah Kwakye, Darlington Eze Ekechukwu, Olorunshogo Benjamin Ogundipe, Andrew Emuobosa Esiri
Abstract
The growing need for energy security, sustainability, and reduced reliance on fossil fuels has led to a global emphasis on optimizing the energy mix. This paper comprehensively reviews current energy consumption patterns, dominant energy sources, and the challenges associated with fossil fuel dependence. It explores various strategies for energy diversification, including integrating renewable energy sources, advancements in energy storage, and transitioning from fossil fuels to cleaner alternatives. The paper also examines the critical role of government policies and economic incentives in supporting energy diversification and promoting long-term energy optimization. Additionally, the future outlook discusses emerging technologies and innovative solutions that will drive the global transition to a more sustainable energy mix. Recommendations for policymakers focus on creating a balanced and resilient energy system through regulatory frameworks, international cooperation, and economic reforms.