WORLD ENERGY ECONOMY AS A TRADITIONAL SPHERE OF APPLICATION OF NEW TECHNOLOGIES

I. E. Matveev ()

International Trade and Trade Policy, 2018, issue 4

Abstract: The article considers the current state of the world energy development, assesses the prospects of modernization of the sector in the context of global digitalization policy, examines energy resources and approaches to their consumption. Technological and organizational aspects of the formation of the energy sector, changes in trade in fuel and energy products, the current state of the industry in theRussian Federationare also considered. It was noted that digitalization, the use of other advanced technologies allow to ennoble the appearance of this sector, to make improvements to the existing system of production relations, to stimulate global demand for electronic and power products and develop of a number of other high-tech industries. Highly likely, the creation of smart-grid has an impact on the energy landscape, international and local trade of oil, gas, coal, petrochemicals and electricity and can contribute to the development of existing and the creation of new market niches and technologies (for example, energy sharing), ways of capital application in its various forms. The next level of global energy development can be reached on new knowledge, approach and technologies basis. In the new world, the key approach to the production and consumption of energy can be the principle of «From each according to his ability, to each according to his needs».

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2018:id:268

DOI: 10.21686/2410-7395-2018-4-90-106

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