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Globalization of the Power Sector as Factor for Sustainable Development and Energy Security

Author

Listed:
  • Nickolay Shvets

    (Moscow State Institute of International Relations (MGIMO-University) of the Ministry of Foreign Affairs of the Russian Federation, Moscow, Russia,)

  • Georgy Kolesnik

    (Plekhanov Russian University of Economics, Moscow, Russia.)

  • Alina Philippova

    (Moscow State Institute of International Relations (MGIMO-University) of the Ministry of Foreign Affairs of the Russian Federation, Moscow, Russia,)

Abstract

The problem of ensuring that the entire world population has access to energy sources is well known. One of the approaches to solving this problem is the formation of interstate power connections. This article focuses on how to measure the effectiveness of interstate power connection projects in terms of ensuring the sustainable development of countries and regions of the world. In the article, we develop a mathematical model of synergy effects driven by creating interstate power connection. The applicability of the model is demonstrated by the example of a promising energy association of the Eurasian Economic Union (EAEU).

Suggested Citation

  • Nickolay Shvets & Georgy Kolesnik & Alina Philippova, 2020. "Globalization of the Power Sector as Factor for Sustainable Development and Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 185-192.
    • Handle: RePEc:eco:journ2:2020-01-28
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    More about this item

    Keywords

    globalization; sustainability; energy; Eurasian Economic Union; sustainable energy; energy security.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

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