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World energy: Myths of the past and lessons of the future
https://doi.org/10.32609/0042-8736-2018-4-49-75
Abstract
The analysis of recent trends in the world energy development and of long-term energy development projections helps dispel 10 myths that have been viewed as copybook maxims, yet now are a barrier to forming an adequate vision of the future and effective development strategies. Many of these myths are rooted in the inability to see how the ‘small on small scale’ becomes ‘big on big scale’ , and vice versa. Projection horizon to 2050 allows to see these metamorphoses, formulate the ‘lessons of the future’ for Russia’s economic development, and to show why Russia needs to change its economic model and switch to low-carbon development path.
Keywords
world energy,
energy demand,
projections,
energy prices,
carbon price,
oil & gas revenues,
share of energy costs,
accumulation rate,
economic growth,
low-carbon development
JEL: E3; N7; O1; O4; O5; Q3; Q4; Q5
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For citations:
Bashmakov I.A. World energy: Myths of the past and lessons of the future. Voprosy Ekonomiki. 2018;(4):49-75. (In Russ.) https://doi.org/10.32609/0042-8736-2018-4-49-75
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