CLEAN ENERGY IN THE EAEU IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT: COMPLIANCE AND PROSPECTS

Natalia A Sadovnikova,Andrey A Ogryzov,Valery L Abramov,Olga A Makhova

doi:10.32479/ijeep.9512

Abstract

Clean energy today is in the focus of attention of the global community. The development of this field is vitally important for preserving natural heritage and reducing budget expenditures. The case of the EAEU is very interesting for research, since its member countries rely on conventional energy sources from Russia and Kazakhstan, which are cheaper than the production of clean energy. The authors examined the legislative framework of the EAEU countries and compared it with the 2030 Agenda for Sustainable Development, identifying their similarity. The authors introduced a method for assessing integration tightness, which allowed to divide the EAEU countries into two groups according to the extent of their integration in the EAEU. The other important finding based on a statistical analysis of the countries' cooperation in the field of clean energy is that the EAEU takes nearly no actions in this direction, therefore, clean energy is not important enough in the EAEU. Another result of the statistical study is the fact that none of the EAEU countries, except Armenia, will achieve the 2030 Agenda's goals in the field of clean energy. The authors developed the Index of green potential usage and proposed clean energy development strategy for the EAEU.Keywords: Clean energy, EAEU, 2030 Agenda, sustainable development, energy marketJEL Classifications: Q01, Q40, F55DOI: https://doi.org/10.32479/ijeep.9512

Highlights

The EAEU countries produce and consume a significant amount of energy
We propose to analyze the effectiveness of the transition to green energy by introducing the Index of green potential usage (IGPU), which reflects the effectiveness of measures taken to implement green technologies, by comparing the potential and the actual implementation of clean energy technologies using Equation 1:
The last level refers to the EAEU policy, so it is very important to take into account the fact that the EAEU countries have their own vision of future cooperation in the energy sector

Summary

Introduction

The EAEU countries produce and consume a significant amount of energy. Russia has huge reserves of conventional energy resources – oil and gas, in addition, all the EAEU countries have inherited powerful nuclear energy facilities from the USSR. In this regard, it is necessary to assess the economic and environmental aspects of the EAEU’s transition to a greener energy in accordance with the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development ( the 2030 Agenda) (UN, 2015) and national sustainable energy development programs of the EAEU countries. 2020; GlobalPetrolPrices.com, 2019) and the necessity to preserve the vast natural wealth of the EAEU countries require the most balanced development strategy of the energy sector, which will lead to improved economic and social aspects of the energy sector functioning in the EAEU

Methods

Results

Discussion

Conclusion