«Problems of economics and management of oil and gas complex»

The world's major economies sustainable development requires more energy

UDC: 338.4
DOI: 10.33285/1999-6942-2022-3(207)-57-63

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russian Federation
² NewTech Services, Moscow, Russian Federation

Keywords: global economy, energy consumption, economic growth rates, energy consumption growth rates, specific investments per unit of produced energy, thermal energy, renewable energy, economic development phase

Annotation:

The world economy development at the current stage of technological development is associated with energy consumption growth in most countries of the world. The article analyzes the dependence of the G-20 countries economic growth caused by the changes in energy consumption in 2000–2019. The analysis shows that most of the G-20 countries, and the world as a whole, are in the so-called "industrial" phase of development that requires growing energy consumption for economic growth. Only in five countries among the G-20 countries, such as the UK, Germany, France, Italy and Japan, economic growth was accompanied by a decrease in energy consumption that is due to the fact that these countries are in "post-industrial" phase of development. The result of the analysis of changes in all types of energy consumption shows that despite the fact that at the moment the thermal energy dominates (fossil fuel and nuclear energy – 88,5 % of the world energy consumption), a steady trend of leading growth rate of energy consumption from renewable sources (hydro, solar and wind energy) compared to the consumption of thermal energy is demonstrated over the past 20 years, that is a consequence of significant investments in the production of a unit of energy. Nonetheless, due to the fact that today the volume of energy production from renewable energy sources is only 11,5 % of the world energy consumption, in the medium term "hybrid" energy technologies using traditional sources (natural gas as the most efficient, environmentally friendly and widespread type of fossil fuel) and renewable energy will meet growing energy needs.

Bibliography:

1. Telegina E.A., Studenikina L.A. Global'naya neopredelennost' i "chernye lebedi" mirovoy ekonomiki // Problemy ekonomiki i upravleniya neftegazovym kompleksom. – 2020. – № 9(189). – S. 47–52. – DOI: 10.33285/1999-6942-2020-9(189)-47-52
2. World Bank GDP PPP (Current International $). – 1990–2020. – URL: https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD
3. Prirodnyy gaz – osnova ustoychivogo razvitiya mirovoy energetiki: monogr. / V.G. Martynov, V.V. Bessel', V.G. Kucherov [i dr.] – M.: Izd. tsentr RGU nefti i gaza (NIU) im. I.M. Gubkina, 2021. – 173 s.
4. BP Statistical Review of World Energy. – 2021. – July. – URL: https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
5. Bell D. Gryadushchee postindustrial'noe obshchestvo. Opyt sotsial'nogo prognozirovaniya: per. s angl. – Izd. 2-e, ispr. i dop. – M.: Academia, 2004. – 788 s.
6. Energoeffektivnost' toplivno-energeticheskogo kompleksa Rossii / V.V. Bessel', V.G. Kucherov, A.S. Lopatin, V.G. Martynov // Tr. RGU nefti i gaza im. I.M. Gubkina. – 2015. – № 2(279). – S. 13–26.
7. Global Energy Investment / IEA. – 2021. – URL: https://www.iea.org/reports/world-energy-investment-2021/executive-summary
8. Energy Transition. Investment Trends. Tracking global investment in the low-carbon energy transition / BloombergNEF. – 2021. – URL: https://assets.bbhub.io/professional/sites/24/Energy-Transition-Investment-Trends_Free-Summary_Jan2021.pdf
9. World Energy Investment / IEA. – 2020. – URL: https://www.iea.org/reports/world-energy-investment-2020/power-sector
10. Bessel' V.V., Lopatin A.S., Kucherov V.G. Prirodnyy gaz – osnova vysokoy ekologichnosti sovremennoy mirovoy energetiki // Ekologicheskiy vestn. Rossii. – 2014. – № 9. – S. 10–16.
11. Bessel' V.V., Mingaleeva R.D. Truboprovodnyy transport – osnova postavok prirodnogo gaza v eksportnoy politike RF // Problemy ekonomiki i upravleniya neftegazovym kompleksom. – 2021. – № 3(195). – S. 53–59. – DOI: 10.33285/1999-6942-2021-03(195)-53-59
12. Sovremennye tendentsii razvitiya mirovoy energetiki s primeneniem "gibridnykh" tekhnologiy v sistemakh energoobespecheniya / V.V. Bessel', V.G. Kucherov, A.S. Lopatin [i dr.] // Neft. khoz-vo. – 2020. – № 3. – S. 31–35. – DOI: 10.24887/0028-2448-2020-3-31-35