KNOWLEDGE – International Journal Vol. 20.1 Bansko, December, 2017 115 ADVANTAGES AND DISADVANTAGES OF ENERGY POTENTIAL OF RENEWABLE ENERGY SOURCES MANAGEMENT Zoran Davidovac Belgrade business school - Higher education institution for applied studies, Belgrade, Republic of Serbia zoran.davidovac@bbs.edu.rs Dejan Obućinski Belgrade business school - Higher education institution for applied studies, Belgrade, Republic of Serbia dejan.obucinski@bbs.edu.rs Abstract: During the historical development of the civilization and due to the expansion of human needs, energy was incorporated in the set of basic needs, such as food and water, necessary for the human existence. Forms and sources of energy have changed over time which led to historical shifts with the industrial revolution as the most important one. The main characteristic of energy is scarcity. With the growing demand for alternative solutions for the replacement of fossil sources, renewable energy sources have been found. Foregoing research and analysis have concluded that agriculture can have a significant role in the economic development of energy production by using biogas, bio-fuels and biomass, which includes bale, pellets and briquettes. The great potential of biomass and energy that can be obtained from it was the reason that biomass is also called "SLEEPING GIANT". The European Union invests more than anyone else in the development and use of renewable energy sources. The aim is to increase the share of renewable energy sources to 20% of total energy consumption by replacing 10% of traditional diesel and gas fuels with bio-fuels by 2020. The proof that the realization of this goal is at hand is the fact that there are over 350,000 employees with more than 30 billion euro of turnover in that sector. However, many scientific and social circles underline a dilemma related to the subsequent consequences of increased production of bio-fuels, which would increase the price of food. The increase in food prices is caused by the production of bio-fuels which is, in fact, the conversion of food into fuel. The aim of this paper is the multidisciplinary approach to the problem of energy scarcity, understanding of the importance of biomass as an alternative and renewable energy source and the negative aspect of biomass orientation and control of the required natural resources. It is necessary to replace non-renewable energy sources in the future by other renewable sources, which were used more in the past and are plentiful. Consequently, aware of the above-mentioned positive facts, developed countries of the world are significantly helping biomass energy projects thus solving primary social, economic and environmental problems. Keywords: renewable energy sources, biomass, bio-fuel PREDNOSTI I NEDOSTACI MENADŽMENTA ENERGETSKIM POTENCIJALOM OBNOVLJIVIH IZVORA ENERGIJE Zoran Davidovac Beogradska poslovna škola – visoka škola strukovnih studija, Beograd, Republika Srbija zoran.davidovac@bbs.edu.rs Dejan Obućinski Beogradska poslovna škola – visoka škola strukovnih studija, Beograd, Republika Srbija dejan.obucinski@bbs.edu.rs Rezime: U skup elementarnih potreba, hrane i vode, neophodnih za egzistenciju civilizacije, tokom istorijskog razvoja i usled proširenih čovekovih potreba, ugradila se i energija. Oblici i izvori energije su se vremenom smenjivali što je dovodilo do istorijskih skokova, od kojih je najznačajnija industrijska revolucija. Glavnu karakteristiku energije predstavlja oskudica. U tražnji alternativnih rešenja zamene do sada mahom korišćenih fosilnih izvora došlo se do obnovljivih izvora energije. Dosadašnjim istraživanjem i analizom, zaključilo se da poljoprivreda može postati značajan akter privrednog razvoja proizvodnjom energije korišćenjem biogasa, biogoriva i biomase koja obuhvata bale, pelet i briket. Veliki potencijal biomase i energije koja se iz nje može dobiti, bio je povod da se biomasa nazove i „SPAVAJUĆI DIV“. U razvoj i upotrebu obnovljivih izvora energije najviše ulaže Evropska unija. Cilj je povećanje udela obnovljivih izvora energije na 20% celokupne potrošnje energije, stim da 10% tradicionalnih d izelskih i benzinskih goriva