Revolutionary transformations in the consumption of energy in the world

M. M. Sokolov ()

Russian Journal of Industrial Economics, 2019, vol. 12, issue 3

Abstract: . Modern revolutionary trends in the development of the world fuel and energy complex are considered. The economic pattern that has existed for many centuries, according to which economic growth must always be accompanied by an increase in energy consumption, is now no longer relevant for many industrialized countries. Absolute reduction of energy consumption and reduction of energy intensity of national product production become one of the most important indicators of successful use of modern technological progress in countries.The development of science and technology over the past 20 years has permanently eliminated the threat of possible energy shortages. On the contrary, the world is gradually entering an era of global energy surpluses, which will naturally affect the dynamics of energy prices in the direction of slowing their growth.It is shown that along with technological progress, no less serious impact on the development of the fuel and energy complex of the world is exerted by the rapid development of renewable energy and the activities carried out under the auspices of the UN to reduce greenhouse gas emissions into the earth’s atmosphere.According to the author, the revolutionary restructuring of the structure of the world energy balance in favor of energy sources with zero emissions of pollutants into the earth’s atmosphere today shows that one of the most important circumstances of their development, both from developed and some developing countries, was the growth of well-being in them. In this regard, the population’s consciousness began to dominate not the issues of survival at any cost, but the quality of life, including the quality of the environment.That is why, despite the fact that the VIE at first did not withstand competition in comparison with the production of hydrocarbons, most countries, using subsidies and tax preferences, continue today to intensively increase their capacity. This circumstance shows, if earlier for centuries the world at use of this or that power source was guided by expenses of its production and use, now its influence on preservation of favorable conditions of residence of the person on the earth Comes to the first place.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2019:id:772

DOI: 10.17073/2072-1633-2019-3-271-279

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