Econometric Analysis of the Conditions that Stimulate Sustainable Development of Fuel and Energy Complex Enterprises in Uzbekistan

Over the past decades, it is the revenues from the fuel and energy complex that have successfully replenished the state budget, facilitating the implementation of many socio-economic, significant infrastructure projects. At the same time, energy consumption is growing, especially in developing countries, which leads to increased competition between states in the fight for energy resources. The scenario presented to the world community by the World Energy Agency (IEA) assumes an increase in the growth of global energy consumption by 2030 by 1.3-1.5 times. The change in the energy balance by 2040 will lead to the fact that in the global consumption volume the share of coal consumption will decrease to 60%, oil to 71%, while the share of natural gas will increase by 10%, the share of nuclear power by 88%, hydroelectric power by 50%, and the share of renewable energy sources will increase by 220% [1]. In this regard, the study of mechanisms for ensuring sustainable development of enterprises in the fuel and energy complex of Uzbekistan is considered a pressing issue.

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Published
2024-12-11
DOI
https://doi.org/10.1145/3726122.3726198
Primary Topic
Economic and Industrial Development
Type
article
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article

Econometric Analysis of the Conditions that Stimulate Sustainable Development of Fuel and Energy Complex Enterprises in Uzbekistan

Гулнора Карабаева, Rano Nazarova, Yakhyo Najmiddinov, Gulchekhra Nigmatullayeva
Economic and Industrial Development
article

Econometric Analysis of the Conditions that Stimulate Sustainable Development of Fuel and Energy Complex Enterprises in Uzbekistan

Гулнора Карабаева, Rano Nazarova, Yakhyo Najmiddinov, Gulchekhra Nigmatullayeva
article en

Abstract

Over the past decades, it is the revenues from the fuel and energy complex that have successfully replenished the state budget, facilitating the implementation of many socio-economic, significant infrastructure projects. At the same time, energy consumption is growing, especially in developing countries, which leads to increased competition between states in the fight for energy resources. The scenario presented to the world community by the World Energy Agency (IEA) assumes an increase in the growth of global energy consumption by 2030 by 1.3-1.5 times. The change in the energy balance by 2040 will lead to the fact that in the global consumption volume the share of coal consumption will decrease to 60%, oil to 71%, while the share of natural gas will increase by 10%, the share of nuclear power by 88%, hydroelectric power by 50%, and the share of renewable energy sources will increase by 220% [1]. In this regard, the study of mechanisms for ensuring sustainable development of enterprises in the fuel and energy complex of Uzbekistan is considered a pressing issue.

Tashkent State University of Economics (UZ)
Responsible consumption and production
Openalex Percentile: Top 66%
Economic and Industrial Development
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