Abstract

In this study we aimed to determine the extent to which changes in the share of renewable energy sources, their structural complex, and the level of energy security in Eastern Europe, Caucasus and Central Asia (EECCA) countries in the medium- and long-term are interconnected. The study was performed through modeling and determination of the structural characteristics of energy security in the countries. The methodology of the approach to modeling was based on solving the problem of nonlinear optimization by selecting a certain scenario. For the study, the data of EECCA countries were used. The ability of EECCA countries to benefit from long-term indirect and induced advantages of the transformation period depends on the extent to which their domestic supply chains facilitate the deployment of energy transformation and induced economic activity. This study provides an opportunity to assess the degree of influence of renewable energy sources on the level of energy security of countries in the context of energy resource diversification. The high degree of influence of renewable energy sources on energy security in the EECCA countries has been proven in the implementation of the developed scenarios for its increase. Energy security is growing. At the same time, its level depends not only on an increase in the share of renewable sources but also on the structure of energy resources complex of countries, and the development of various renewable energy sources. Therefore, today the EECCA countries are forced not only to increase the share of renewable energy sources but also to attach strategic importance to the structural content of their energy complex.

Highlights

  • Countries around the world are in the process of energy transition, which involves electricity as the preferred energy source

  • Calculations of the share of energy from renewable sources based on the total final energy consumption indicator and gross final energy consumption indicator have two main differences: Firstly, the gross final energy consumption indicator includes energy consumed by end-users, the amount of electricity from renewable energy sources (RES) consumed by power plants, and distribution losses, whereas the total final energy consumption indicator includes only total energy used by end-consumers; Secondly, the RES electric power consumed by the transport sector is added as an application of energy from renewable sources to the volume of electric power production from RES in the indicator of gross final energy consumption, while it is already taken into account in the indicator of total final energy consumption from renewable sources

  • The main renewable sources of hydropower are located in Armenia, Georgia, Kyrgyzstan, Russia, Tajikistan, Turkmenistan, and Uzbekistan

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Summary

Introduction

Countries around the world are in the process of energy transition, which involves electricity as the preferred energy source It is beneficial in terms of both renewability and energy efficiency. New and innovative solutions are required to ensure sustainable energy supply and security while successfully integrating developing countries into the global economic system [7]. This problem becomes highly relevant in the context of increased regionalization, acute global competition, pressing problems of energy efficiency, and high intensity of comparative energy production [8,9,10,11,12,13,14]

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