Sustainable development of the world energy taking into account dynamic of energy intensity: Current trends and long-term forecast

Research output: Contribution to journalConference articlepeer-review

Abstract

Based on the comparative analysis of the existing econometric characteristics, it has been shown that the exponential trend is the best trend describing the energy intensity of an economy in permanent and variable prices. The presence of the exponential trend in the energy intensity reduction indicates that the rates of enhancing the efficiency of energy consumption reduce uniformly in time. It is proposed in this work to consider beta convergence for countries not at equal intervals of time but from the moment of the start of reduction for each specific region. In this work, a close relationship is demonstrated for countries between the rate of energy intensity reduction and the initial value of the energy intensity considered. Based on the revealed regularities, forecast of the change in the energy intensity of the economy was made for a long-term perspective till 2040.

Original languageEnglish
Pages (from-to)174-179
Number of pages6
JournalEnergy Procedia
Volume153
DOIs
Publication statusPublished - 1 Jan 2018
Event5th International Conference on Energy and Environment Research, ICEER 2018 - Prague, Czech Republic
Duration: 23 Jul 201827 Jul 2018

Keywords

  • Convergence
  • Developing countries
  • Energy intensity
  • Forecastin
  • Industrially developed countries
  • Macro regions
  • Sustainable development
  • STRUCTURAL-CHANGE
  • convergence
  • macro regions
  • forecastin
  • industrially developed countries
  • sustainable development
  • developing countries
  • ECONOMIES
  • CONVERGENCE
  • CONSUMPTION

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