ON THE IMPLEMENTATION OF THE GOALS OF SUSTAINABLE DEVELOPMENT OF THE REGION IN THE FIELD OF ENERGY (ON THE EXAMPLE OF THE MEMBER COUNTRIES OF THE EURASIAN ECONOMIC UNION)
The purpose of the study is to discover the opportunities for the Sustainable Development Goals (SDGs) implementing in energy area in the Eurasian Economic Union (EAEU) member countries, taking into account the strategic importance of this sphere of management for the successful development of integration processes in the context of sustainability and competitiveness increasing of the region. The methodological basis of the study is based on theoretical concepts of sustainable economic development theory and sectoral regional integration. Quantitative analysis of statistical data, comparison methods, as well as economic and mathematical methods of forecasting were used in the process of paper writing. The importance of assessing of sustainable development indicators in the global economy is highlighted in the study, as well as the need for monitoring and analyzing of the SDGs achievement for the member countries of the EAEU. The paper describes the fuel and energy complex of the Eurasian region, underlines the priority and strategic importance of the energy sector development in it, and also analyzes the situation and opportunities for the SDG number 7 implementation, concerning possibilities to ensure access to affordable, reliable, sustainable and modern energy sources for all countries participating in the integration process in the context of common energy markets formation in the Eurasian space. A prospective assessment of the implementation of such opportunities to improve sustainability and energy security for the EAEU countries is proposed. As the main result, the forecasts for gas, oil and petroleum products markets development, as well as for the EAEU electricity market for the long-term period are made, and the possibilities of sustainable development goal implementing in the context of low-cost and clean energy obtaining are evaluated. Theoretical research in the field of sustainability indicators analysis in the world economy formed the basis on which it became possible to investigate the achievement of the SDGs in the EAEU region, to identify the problems faced by the member countries in the implementation of the SDGs in the energy sector, namely, to assess the opportunities for common energy markets development for synergistic effects obtaining in the long-term prospects from energy integration processes in order to improve the energy efficiency of energy systems distribution, to increase energy security and population well-being.
common energy markets, energy integration, Eurasian Economic Union (EAEU) region, sustainable development, Sustainable Development Goals (SDGs) in the energy area
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About the Authors
Natalya Yu. Sopilko – PhD in Economics, Docent; Associate Professor, National University of Oil and Gas “Gubkin University”, Moscow, Russia. E-mail: email@example.com. SPIN РИНЦ 8108-9066. ORCID 0000-0002-1309-6553
Irina Yu. Eremina – Doctor of Economics, Professor; Head of the Department, National University of Oil and Gas “Gubkin University”, Moscow, Russia. E-mail: firstname.lastname@example.org. SPIN РИНЦ 6515-0455. ORCID 0000-0003-1444-2259
Valeriy M. Tumin – Doctor of Economics, Professor; Professor, Moscow Polytechnic University, Moscow, Russia. E-mail: email@example.com. SPIN РИНЦ 7812-0407. ORCID 0000-0003-4651-0359
Sopilko N.Yu, Eremina I.Yu, and Tumin V.M. On the Implementation of the Goals of Sustainable Development of the Region in the Field of Energy (on the Example of the Member Countries of the Eurasian Economic Union) // BENEFICIUM. 2021. Vol. 2(39). Pp. 90-96. DOI: 10.34680/BENEFICIUM.2021.2(39).90-96