The global energy problem in the world economy (End of the article, see 3/2017)

Alexander Zakharov

Russian Foreign Economic Journal, 2017, issue 4, 14-24

Abstract: The article describes key aspects of global energy issues, with an emphasis on energy security.The Russian Federation is to face three inter-related challenges: provide energy security, stimulate economic growth and protect the environment, reducing emissions of greenhouse gases that will reduce the level of air pollution and contribute to the global improvement of the atmosphere.The author analyzes the status and prospects of world energy markets and the forecast of their development for the period up to 2050. As the main trend the development of small-distributed generation is highlighted, primarily in developing countries.The article justifies the importance of energy efficiency increase in Russia. In our country per unit of GDP consumes two times more energy than the member countries of the IEA, but a noticeable improvement has not yet been achieved. Meanwhile, aging, and often obsolete infrastructure in the electricity and district heat is in urgent need of investment. Attracting investment in the modernization and improvement of energy efficiency can be provided with the following key measures: reducing the dependence of fuel and energy complex on equipment imports; the research of renewable energy sources (RES); development of the most cost-effective oil and gas reserves and the change in export strategy.

Keywords: Energy security; International Ånergy Agency (IEA); World Energy Council (WEC); public-private partnership (PPP). (search for similar items in EconPapers)
Date: 2017
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