World Energy Market – Looking to the Future for Sustainable Development
SDG 1SDG 8SDG 10
20 November, 15:00-18:00
Conference Hall of the Faculty of Economics
Session
The global energy market is entering a period of profound change. Growing interest in renewable energy sources, pressure from the climate agenda, digitalisation and geopolitical instability are creating new challenges and opportunities. The focus is on striking a balance between economic growth, energy security and environmental sustainability.
The session focuses on discussing future scenarios for the energy market from the perspective of economists, researchers and practitioners. Participants will consider the impact of the energy transformation on macroeconomics, business models, international trade and politics. Particular emphasis will be placed on the economic efficiency of the energy transition, risks and new opportunities it represents to states and companies.
Figures and Facts
70% of global greenhouse gas emissions are associated with energy production and consumption. This makes energy a key subject of climate policy. In economic terms, this requires a revision of the structure of investments, subsidies and taxation.
80% of global energy consumption in 2024 is provided by fossil fuels. Most countries still depend heavily on oil, gas and coal. This dependence makes their economies vulnerable to price surges and international crises. Consequently, an increasing number of countries are considering switching to more sustainable and diverse energy sources.
The global energy storage market could reach $120 billion by 2030. This could create new value chains, export industries and zones of technological growth.
Discussion Issues
How will the global energy market develop in the coming years? The global energy industry is undergoing significant changes: countries are abandoning coal and oil, developing green technologies and investing in hydrogen and energy storage. Participants will discuss which energy sources will prevail, how the market structure will change, as well as the possible development scenarios in the context of economic and geopolitical instability.
How does the transition to clean energy affect the economies of countries and businesses? The energy transition is changing the structure of entire economies. Oil-exporting countries are seeking new avenues for development, while countries with emerging markets may have the opportunity to achieve energy independence.
How is the energy economy changing in the context of the transition to sustainable development? The energy transition affects not only technologies, but also radically changes the industry’s economy. New value chains are emerging, and business models and sources of profit are changing. Participants will discuss how the energy costs are formed in the new conditions, what influences the competitiveness of green energy, and which industries benefit most from the transition.
Who profits from the transition to green energy and how? The transition to sustainable energy is not only about technology and ecology, but also about money. Who benefits from new investments: equipment manufacturers, builders, the state or consumers? Who risks losing income - and why? Participants will discuss the emerging profit chains in the energy sector, how green business models are formed, and what implications it may have for the economy as a whole.
Programme
Welcoming Address of the Session Moderators
Sergey Lavrov (Russia)
Member of the Russian Academy of Natural Sciences in the Department of World Economy, Full Professor, RUDN University
Anna Pak (Russia)
Consultant of the Department of the Eurasian Economic Commissio (EEC) Industrial Policy
Topic of the report
Energy Transformation in the EAEU: Strategic Guidelines for Sustainable Development
Arzybek Kozhoshev (Kyrgyzstan)
Member of the Board (Minister) for Energy and Infrastructure of the EEC
Topic of the report
Innovative Development, Human Capital, and International Cooperation in the Oil and Gas Industry
Rustem Shagiev (Russia)
Rector, Moscow Institute of Oil and Gas Business
Topic of the report
Rosatom's Technology Leadership Businesses for Achieving Sustainable Development Goals
Dmitriy Baydarov (Russia)
Director, Department for Support of New Businesses, Rosatom State Corporation
Topic of the report
Under approval
Elena Gershelis (Russia)
Executive Director of the International Scientific Center for Ecology and Climate Change Issues
Topic of the report
Development of Industrial Cooperation in Oil and Gas Engineering Within the EAEU: Ways to Achieve Technological Sovereignty and Mechanisms for Financial Support
Vitaliy Vovk (Belarus)
Deputy Director, Department of the EEC Industrial Policy, Eurasian Economic Commission
Topic of the report
Global Macroeconomics: the Future of the Electric Power Industry 10–15 Years Aheadl
Bulat Nigmatulin (Russia)
Corresponding Member of the Russian Academy of Sciences (2025) in the Energy Department; Director General, Institute of Energy Problems
Topic of the report
Under approval
Azganush Migranyan (Russia)
Head of the Economic Research Sector, Centre for Post-Soviet Studies, RAS IMEMOН
Topic of the report
Political, Social, and Economic Barriers to the Development and Implementation of Alternative Energy Sources
Elena Popkova (Russia)
Head of Laboratory, Laboratory of Scientometrics and International Rankings, Armenian State University of Economics (Armenia)
Topic of the report
The Impact of Labor Migration on the Socio-Economic Development of the Kyrgyz Republic as a Member of the EAEU
Ilyas Ilimov
2nd-year postgraduate student (Department of International Economic Relations)
