Methodological Approach to the Study of Energy Efficiency of the Economy of Russia and Mongolia Based on the Fuel and Energy Balance

Abstract

The fuel and energy complex is the basis for the development of the national economy. Computer simulation of the development proces­ses of the fuel and energy complex is of great theoretical and practical importance as an effective method for studying large and complex systems. The purpose of this study is to develop a methodological approach for conducting energy-economic analysis, identifying factors affecting the energy efficiency of the economy. Research methods are economic and mathematical modeling, system and statistical analysis, balance and indicative methods. The article presents the results of the analysis of the fuel and energy complex of Russia and Mongolia based on a combined fuel and energy balance. The conclusion is made about the need to improve the energy efficiency of the countries’ economies. The use of energy-saving technologies and equipment will reduce the cost of production and consumption of fuel and energy resources, reduce losses at all stages of their life cycle, while the planned indicators of socio-economic development can be achieved with less energy and financial costs, which will positively affect the economy and improve the quality of life of the population.