IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2017-02-35.html
   My bibliography  Save this article

Issues for Long-range Projection of International Energy Markets through the Prism of Sustainable Development

Author

Listed:
  • Igbal Guliyev

    (International Institute of Energy Policy and Diplomacy, Moscow State Institute of International Relations (University), Ministry of Foreign Affairs of the Russian Federation, Moscow, Russia)

  • Igor Litvinyuk

    (Centre for Strategic Research and Geopolitics in Energy, International Institute of Energy Policy and Diplomacy, Moscow State Institute of International Relations (University), Ministry of Foreign Affairs of the Russian Federation, Moscow, Russia)

Abstract

Modern energy system development model requires incorporation of not only demand and supply sides of energy markets, but also reference of new technologies deployment throughout the whole value chain, governmental policies in place, and other non-market indicators that, however, provide for the whole market equilibration by indirect energy resources price regulation. Consequently, overcoming the traditional framework is getting basic precondition for achieving sustainable development in the energy sector, covering the whole energy system for research purposes due to global and coherent transition from forecasting of energy development to constructing of new alternatives and creating a new world which meet the goals of sustainable development. The next step will be a creation of ways of their achievement, and management systems, which allows countries, regions and the whole world to stay on that pathway. The article comes up with suggestions on making alterations to the current practice of energy systems forecasting process.

Suggested Citation

  • Igbal Guliyev & Igor Litvinyuk, 2017. "Issues for Long-range Projection of International Energy Markets through the Prism of Sustainable Development," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 296-303.
    • Handle: RePEc:eco:journ2:2017-02-35
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijeep/article/download/4572/2839
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijeep/article/view/4572/2839
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bhattacharyya, Subhes C. & Timilsina, Govinda R., 2009. "Energy demand models for policy formulation : a comparative study of energy demand models," Policy Research Working Paper Series 4866, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Igbal A. Guliyev & Elnur T. Mekhdiev & Igor I. Litvinyuk & Alexandr V. Bondarenko & Aibulat R. Yanguzin, 2017. "Global Refining Industry in Retrospect, and Evaluation of Russia-EU Petroleum Products Trade Perspectives," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 209-216.
    2. Elnur T. Mekhdiev & Nursafa G. Khairullina & Alexandr S. Vereshchagin & Elena V. Takmakova & Olga M. Smirnova, 2018. "Review of Energy Transition Pathways Modeling," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 299-312.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Azevedo, I. & Leal, V., 2021. "A new model for ex-post quantification of the effects of local actions for climate change mitigation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    2. Fakhri J. Hasanov & Jeyhun I. Mikayilov, 2020. "Revisiting Energy Demand Relationship: Theory and Empirical Application," Sustainability, MDPI, vol. 12(7), pages 1-15, April.
    3. Alhamwi, Alaa & Medjroubi, Wided & Vogt, Thomas & Agert, Carsten, 2018. "Modelling urban energy requirements using open source data and models," Applied Energy, Elsevier, vol. 231(C), pages 1100-1108.
    4. Parajuli, Ranjan & Østergaard, Poul Alberg & Dalgaard, Tommy & Pokharel, Govind Raj, 2014. "Energy consumption projection of Nepal: An econometric approach," Renewable Energy, Elsevier, vol. 63(C), pages 432-444.
    5. Zachariadis, Theodoros & Taibi, Emanuele, 2015. "Exploring drivers of energy demand in Cyprus – Scenarios and policy options," Energy Policy, Elsevier, vol. 86(C), pages 166-175.
    6. Vipin Arora, 2013. "Comparisons of Chinese and Indian Energy Consumption Forecasting Models," Economics Bulletin, AccessEcon, vol. 33(3), pages 2110-2121.
    7. Syed Aziz Ur Rehman & Yanpeng Cai & Rizwan Fazal & Gordhan Das Walasai & Nayyar Hussain Mirjat, 2017. "An Integrated Modeling Approach for Forecasting Long-Term Energy Demand in Pakistan," Energies, MDPI, vol. 10(11), pages 1-23, November.
    8. Atul Anand & L. Suganthi, 2017. "Forecasting of Electricity Demand by Hybrid ANN-PSO Models," International Journal of Energy Optimization and Engineering (IJEOE), IGI Global, vol. 6(4), pages 66-83, October.
    9. Kuchler, Magdalena & Höök, Mikael, 2020. "Fractured visions: Anticipating (un)conventional natural gas in Poland," Resources Policy, Elsevier, vol. 68(C).
    10. Silva, Mafalda C. & Horta, Isabel M. & Leal, Vítor & Oliveira, Vítor, 2017. "A spatially-explicit methodological framework based on neural networks to assess the effect of urban form on energy demand," Applied Energy, Elsevier, vol. 202(C), pages 386-398.
    11. Oh, Jiyoung & Min, Daiki, 2024. "Prediction of energy consumption for manufacturing small and medium-sized enterprises (SMEs) considering industry characteristics," Energy, Elsevier, vol. 300(C).
    12. Wadud, Zia & Dey, Himadri S. & Kabir, Md. Ashfanoor & Khan, Shahidul I., 2011. "Modeling and forecasting natural gas demand in Bangladesh," Energy Policy, Elsevier, vol. 39(11), pages 7372-7380.
    13. Pinjari, Abdul Rawoof & Bhat, Chandra, 2021. "Computationally efficient forecasting procedures for Kuhn-Tucker consumer demand model systems: Application to residential energy consumption analysis," Journal of choice modelling, Elsevier, vol. 39(C).
    14. Dhakouani, Asma & Znouda, Essia & Bouden, Chiheb, 2019. "Impacts of energy efficiency policies on the integration of renewable energy," Energy Policy, Elsevier, vol. 133(C).
    15. Nadia S. Ouedraogo, 2017. "Energy futures modelling for African countries: LEAP model application," WIDER Working Paper Series 056, World Institute for Development Economic Research (UNU-WIDER).
    16. Azam Chaudhry, 2010. "A Panel Data Analysis of Electricity Demand in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 15(Special E), pages 75-106, September.
    17. Fleiter, Tobias & Worrell, Ernst & Eichhammer, Wolfgang, 2011. "Barriers to energy efficiency in industrial bottom-up energy demand models--A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(6), pages 3099-3111, August.
    18. Indranarain Ramlall, 2012. "Modelling Non-Renewable Energy in Mauritius: In Quest for Sustainable Policies towards a Greener Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 2(3), pages 123-133.
    19. Jobling, Andrew & Jamasb, Tooraj, 2017. "Price volatility and demand for oil: A comparative analysis of developed and developing countries," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 96-113.
    20. Martínez-Jaramillo, Juan Esteban & Arango-Aramburo, Santiago & Álvarez-Uribe, Karla C. & Jaramillo-Álvarez, Patricia, 2017. "Assessing the impacts of transport policies through energy system simulation: The case of the Medellin Metropolitan Area, Colombia," Energy Policy, Elsevier, vol. 101(C), pages 101-108.

    More about this item

    Keywords

    Scenarios; Sustainable Development; International Relations; Global Energy Markets;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Y3 - Miscellaneous Categories - - Book Reviews

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2017-02-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.