Global Energy Transition: The Formation of a New Technological Order

The article presents a comprehensive retrospective analysis of global energy sector development. The author pays special attention to technological and geographical aspects of the current and previous stages of development. The article studies the most probable vectors of global and local fuel and energy sector development, including potential of traditional and innovative technologies, as well as role of different energy sources and ways of their utilization. The study is based on available statistical data and with due consideration of the other researchers’ insights. The authors endeavor not only to consider specific indicators of energy sector development, but to contemplate alternatives which would take into account mutual effects and reflect actual mechanisms of decision-making by economic agents. The authors offer a prognosis of the most significant scenarios for Russia and develop optimal economic measures for the long-term strengthening of international competitiveness.

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