Projections of the global energy system evolution 30 years later: Checking the lessons of the future by the past experience

Author:

Bashmakov I. A.1ORCID

Affiliation:

1. Center for Energy Efficiency-XXI

Abstract

This article compares the author’s projections of the global energy system evolution up to 2020 as made in the early 1990s, against the actual data. This type of analysis is a rare and therefore an interesting case. Typically, after pro­jections for decades ahead have been published, no one bothers to compare them with the reality. Long-term projections are expected to outline possible states of the explored systems and to develop policy recommendations. The question of whether such projections can be trusted is always in minds of the projections’ “consumers” (decision-makers and experts), but very rarely a clear answer is provided. This paper fills this gap and shows that the “lessons of the future” can be learned based on well-structured models and analytical schemes.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference44 articles.

1. Bashmakov I. A. (1987). On the implementation and analysis of the results of macroeconomic forecasts (method of seven matrices). In: The system of macroeconomic information processing. Moscow: Nauka, pp. 117—132. (In Russian).

2. Bashmakov I. A. (1988). On the causes of the fall and the prospects for the dy­namics of oil prices. Mirovaya Ekonomika i Mezhdunarodnye Otnosheniya, No. 1, pp. 123—131. (In Russian).

3. Bashmakov I. A. (ed.) (1992). Energy of the world: Lessons of the future. Moscow: MTEA, ERI RAN. (In Russian).

4. Bashmakov I. A. (2003). Can the lessons of the future be learned? Vestnik FEK Rossii, No. 4, pp. 110—120. (In Russian).

5. Bashmakov I. (2006). Non-oil-and-gas GDP as an indicator of economic dynamics in Russia. Voprosy Ekonomiki, No. 5, pp. 78—86. (In Russian). https://doi.org/10.32609/0042-8736-2006-5-78-86

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