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Long-term Scenarios of Global Power Industry Development: Main Tendencies and Uncertainties

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  • O. B. Reznikova
  • M. V. Sinitsyn
  • I. Z. Gakhokidze

Abstract

Scenario analysis of world electricity in the long-term perspective within the general context of global economic growth allowed the authors to conclude that perspective dynamics of electricity in the world leading production and consumption centers will be decisively influenced by complex and heterogeneous factors, including: first, primary energy resources endowment; second, level and type of economic development; third, countries capacities to mobilize financial and investment resources necessary for promotion of new renewable energy sources; fourth, national economic and energy strategies. Depending on these factors countries will remain at very different stages of energy transition at the foreseeable future. There is no a universal model of energy transition.

Suggested Citation

  • O. B. Reznikova & M. V. Sinitsyn & I. Z. Gakhokidze, 2023. "Long-term Scenarios of Global Power Industry Development: Main Tendencies and Uncertainties," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 15(2).
    • Handle: RePEc:ccs:journl:y:2023:id:1046
    DOI: 10.31249/kgt/2022.02.02
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    References listed on IDEAS

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    2. Dale W. Jorgenson, 1984. "The Role of Energy in Productivity Growth," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 11-26.
    3. Nathan Rosenberg, 2009. "The role of electricity in industrial development," World Scientific Book Chapters, in: Nathan Rosenberg (ed.), Studies On Science And The Innovation Process Selected Works of Nathan Rosenberg, chapter 7, pages 137-151, World Scientific Publishing Co. Pte. Ltd..
    4. A. O. Maslennikov, 2022. "Battery Energy Storage Systems as a Game Changer in the Transformation of Global Power Industry," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 15(1).
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