Energy Security, Economics and Environment in the Eurasian Economic Union: Current and Future Scenarios

Meiramkul Saiymova, Aliya Shakharova, Aliya Rakaeva, Madina Serikova, Aslan Tasmaganbetov, Yuliya Tyurina and Zhibek Bimagambetova
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Meiramkul Saiymova: Turan-Astana University, Nursultan, Kazakhstan,
Aliya Shakharova: Gumilyov Eurasian National University, Nursultan, Kazakhstan,
Aliya Rakaeva: Gumilyov Eurasian National University, Nursultan, Kazakhstan,
Madina Serikova: Gumilyov Eurasian National University, Nursultan, Kazakhstan,
Aslan Tasmaganbetov: Zhubanov Aktobe Regional State University, Aktobe, Kazakhstan,
Yuliya Tyurina: Financial University under the Government of the Russian Federation, Moscow, Russia
Zhibek Bimagambetova: Al-Farabi Kazakh National University, Almaty, Kazakhstan.

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 4, 293-299

Abstract: The Eurasian Economic Union (EAEU) countries have actively taken a direction to promote political initiatives to strengthen energy security. Major policy initiatives are programmes to increase domestic renewable energy production, improve energy efficiency and reduce CO2 emissions from fossil fuel combustion. This paper aims to show how energy security indicators namely primary energy intensity (EI) of gross domestic product, primary energy dependence (PE), net import dependence (ID), supplier dependency (SD) vary in a range of energy security policies - renewable energy development, Energy Efficiency Reduction (EFF), and Greenhouse Gas Reduction (GHG). Furthermore, factors preventing the development of non-traditional and renewable sources of energy in countries of EAEU are considered. Mechanisms of solving existing contradictions are proposed. Particular attention is paid to the need to include environmental costs and pollution losses in economic analysis, which will improve the competitiveness of alternative energy sources. The necessity of accelerated development of alternative energy to increase energy supply, energy saving, energy and environmental security is shown.

Keywords: renewable energy; energy security; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q40 Q43 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-04-37

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