ENERGY CONSUMPTION AS AN INDICATOR OF ECONOMIC GROWTH

Abstract

Energy - is manifested in the provision of various needs of people. We can add daily individual needs such as food, heating, communications, transportation, education, and social conditions. Social needs cover such broad areas as safety, clean water delivery, outdoor lighting, waste management, education, and health care. In other words, energy is a requirement at every stage, from the production of all the needs we have mentioned to their distribution. Since energy is a limited and depleted factor of production, it is indispensable for social development. Today, its careful and efficient use is essential and the subject of various studies. In particular, much attention is paid to environmentally friendly renewable energy sources. On the other hand, the growing energy demand, which is one of the essential factors affecting countries' economic growth, remains relevant. Economic growth - reflects an increase in the level of national income and per capita income. Since ensuring economic growth is one of the main goals of countries, each country wants to ensure its own energy independence or sustainable energy reserves. In providing economic growth, not only the amount of energy used is of great importance, but also the efficient use of energy to increase production. It should be carefully emphasized that an increase in energy consumption not only leads to economic growth but, as a result of economic growth, more energy is consumed. In other words, in each case, more energy consumption is needed to achieve the economic growth that countries aim for, and the energy infrastructures and resources required for economic growth must be ready. It is necessary to expand research on alternative energy sources and close the gaps in countries' energy needs through their consumption.