PROBLEMS OF THE WORLD ENERGY MARKET AND SUSTAINABLE DEVELOPMENT

Authors

  • Ulugmurdov Farkhod Fakhriddinovich,Ozodov Nurmuxammad Samarkand Institute of Economics and service, high teacher of department “Digital economy”,Student of Samarkand Institute of Economics and service Correspoding author

DOI:

https://doi.org/10.55640/

Keywords:

Global energy market, energy security, sustainable development, renewable energy sources, decarbonization, energy efficiency, green economy, energy transition, global energy demand, climate change, strategic minerals, energy infrastructure, energy policy.

Abstract

This article analyzes the formation of the global energy market, its development trends, and its interconnection with global sustainable development processes. At present, the growing demand for energy resources, geopolitical factors, climate change, and environmental issues are accelerating the transformation of the energy sector.

The study examines the balance between traditional and renewable energy sources, energy security, decarbonization processes, and changes within the framework of the “green economy” concept. It also evaluates the imbalances emerging in the global energy market, including uneven resource distribution, price volatility, and shifts in investment processes, from the perspective of their impact on sustainable development goals.

The research findings contribute to the development of scientific and practical conclusions aimed at improving energy policy, increasing energy efficiency, and ensuring environmental safety.

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References

1.International Energy Agency. World Energy Outlook 2025. Paris: IEA Publications, 2025.

2.United Nations. Sustainable Development Goals Report. New York: UN Publications, 2023.

3.World Bank. Tracking SDG7: The Energy Progress Report. Washington DC: World Bank, 2023.

4.International Renewable Energy Agency (IRENA). World Energy Transitions Outlook. Abu Dhabi: IRENA, 2024.

5.Intergovernmental Panel on Climate Change (IPCC). Climate Change 2023: Synthesis Report. Geneva: IPCC, 2023.

6.Stern N. The Economics of Climate Change: The Stern Review. Cambridge University Press, 2007.

7.Stern D.I. (2004). The Rise and Fall of the Environmental Kuznets Curve. World Development, 32(8).

8.Apergis N., Payne J.E. (2010). Renewable energy consumption and economic growth: Evidence from panel data. Energy Economics, 32(3).

9.Smil V. Energy and Civilization: A History. MIT Press, 2017.

10.BP. Statistical Review of World Energy. London: BP, 2023.

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Published

2026-04-09

Issue

Vol. 5 No. 4 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

PROBLEMS OF THE WORLD ENERGY MARKET AND SUSTAINABLE DEVELOPMENT. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(4), 689-695. https://doi.org/10.55640/

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