Criteria, Indicators, and Factors of the Sustainable Energy-Saving Economic Development: The Case of Natural Gas Consumption

Abstract

To solve the contradiction between achieving long-term economic growth and reducing the consumption of certain types of resources, the concept of sustainable resource saving economic development must be put into practice. The purpose of this research is to establish criteria, develop indicators, and identify factors of the sustainable energy-saving economic development, as well as to test the developed theoretical provisions using the example of natural gas consumption by different countries. To achieve this goal, various methods were used, including economic and mathematical modeling, time series analysis, factor analysis, regression analysis, and so on. The criteria were formalized, according to which a certain type of economic development can be attributed to energy saving both at the level of the state economy as a whole and at the level of individual industries and enterprises. It was established that the formalized criteria of the sustainable energy-saving economic development have the form of chains of inequalities, and their application makes it possible to identify the general conditions for ensuring this type of development. The main properties of energy-saving economic development were identified. They include the pace of this development, its potential, balance, permanence, and other characteristics. Indicators that can be used to quantify these characteristics were developed. The factors influencing the scale and time characteristics of sustainable energy-saving economic development at the level of the state economy and that of industries and individual enterprises, were systematized. The dynamics of natural gas consumption in different countries was analyzed. The reasons for the lack of energy-saving natural gas economic development in some countries were identified. A quantitative assessment of the properties of this type of economic development by country was conducted. The influence of some factors on the parameters of the sustainable energy-saving natural gas economic development of countries was analyzed. The existence of a negative effect of the rebound in the consumption of natural gas was established at certain intervals in some countries. The obtained results provide an opportunity to increase the degree of understanding of the complex patterns that underlie the sustainable energy-saving economic development of states, industries, and enterprises. These results can also be used in the development of government programs to stimulate energy conservation.

Оцінювання Впливу Інвестицій В Енергозберігаючі Заходи На Ринкову Вартість Промислових Підприємств

“…, так і ефективність використання промисловими підприємствами наявних економічних ресурсів [12][13][14][15]. З цією метою необхідно попередньо розробити науково обґрунтовані стратегії розвитку [16][17][18], які, серед іншого, повинні передбачати зростання ринкової вартості промислових фірм [19][20][21], зокрема на засадах збільшення їх економічного потенціалу [22,23].…”

Tools for assessing obstacles in implementation of energy saving measures by enterprises

“…In general, the identification of the most important barriers to the implementation of measures to reduce energy consumption requires further empirical research and consideration of the relationship between different types of these barriers (E. Cagno, E. Worrell, A. Trianni & G. Pugliese, 2013). At the same time, according to the researchers, it is necessary to assess the level of certain barriers that arise in the implementation of energy saving measures at enterprises, and, in turn, in ensuring the energy-saving type of development of companies [9]. The modern scientific literature presents a number of methodological approaches to such assessment.…”

“…It should be noted that the amount of cash flow from financial support provided to the enterprise, which appears in (9), relates primarily to the amount of interest paid and the principal loan repayment granted on concessional terms by a particular institution (e.g., state bank) for the enterprise that seeks to implement energy saving measures.…”

“…It is also important to note the fact that the implementation of these measures may cause a rebound effect in energy consumption. This effect should be taken into account when calculating the economic efficiency of budget expenditures according to (9). However, the rebound effect does not always reduce the level of this efficiency as it can lead to an increase in budget revenues (due to increased production and sales).…”

Determination of Natural Gas Consumption and Carbon Emission in Natural Gas Supplying Countries in Asia Pacific

“…Natural gas is one type of energy source that plays an important role in meeting global energy needs because all life activities are currently still dominated by its use (Liu et al, 2021;Šebalj et al, 2017;Yemelyanov et al, 2021). The components that make up natural gas come from millions of years of fossils and micro-organisms, which is the same as other non-renewable energy sources (Li et al, 2019;Liang et al, 2019;Zhi-Guo et al, 2018).…”