Energy security: new challenges and global trends

Author:

MAZARAKI AnatoliiORCID,MELNYK TetyanaORCID

Abstract

In the conditions of a permanent world energy crisis and its strengthening against the background of full-scale aggression of russia in Ukraine, questions regarding risks to national energy security come to the fore in the world. At the same time, the world is undergoing the fourth energy transition, which requires the develop­ment of a new concept of energy security by countries that are both suppliers of energy resources and their consumers. The aim of the research is to develop the conceptual principles of energy security, taking into account modern challenges caused by simultaneously growing crises in energy, economy and geopolitics. The creation of such a basis makes it possible to identify a number of solutions for neutralizing new threats that arise, in particular, in the context of the "green" transition. The research was conducted using the methods of scientific abstraction and systematization, analysis and synthesis, generalization, comparison. Concep­tual features of energy security management in conditions of radically changed context, streng­the­ning of crisis phenomena and threats of various natures are presented. The hypothesis that energy security is a complex category that expresses the ability of the fuel and energy complex of the region to supply the domestic market with the necessary volume and range of energy resources at stable and acceptable prices, to quickly mitigate unexpected fluctua­tions in demand for fuel and energy resources and to ensure uninterrupted energy supply and energy carrier parameters in real time. Based on the analysis of scientific publications and practical models of energy security, theoretical provisions, methodological principles and ener­gy security management tools that meet modern requirements have been developed. In particu­lar, the key global trends of changes in the energy markets are defined, the types and forms of modern energy threats and risks are outlined. It outlines the impact of the "green" transition that many countries have undertaken and confirmed at the UN Climate Change Confe­rence (COP28), emphasizing further energy security, taking into account both the reduction of dependence on fossil fuels and the new challenges associated with renewable energy sources. The results of the research are of prac­tical interest during the development of ener­gy policy, plans and specific actions aimed at ensuring energy security in a turbulent global environment.

Publisher

State University of Trade and Economics

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