ENERGY TRANSITION AS A FACTOR OF SUSTAINABLE DEVELOPMENT

Authors

  • Zakirova Sayyora Alimovna PhD in Economics, Associate Professor, Department of “International Economics” University of World Economy and Diplomacy Author
  • Najimov Parvozbek Ta’lat o’g’li 1st-year Student of “World Economy and Management” University of World Economy and Diplomacy Author

Keywords:

energy transition, renewable energy, sustainable development, decarbonization, global energy policy, energy security, carbon neutrality, green investment.

Abstract

The global energy transition represents one of the central pillars of sustainable development in the twenty-first century. It embodies a structural transformation of the energy system—from fossil fuel dependence to the widespread use of renewable and low-carbon energy sources. This transition is driven by the necessity to mitigate climate change, improve energy security, and ensure equitable economic growth. The present article analyzes the role of the energy transition as a factor of sustainable development, emphasizing its environmental, economic, and social dimensions. Using statistical data from international organizations such as the International Energy Agency (IEA), World Bank, and UNDP, the study demonstrates the accelerating dynamics of renewable energy deployment, the decline in carbon intensity, and the rising investment in clean technologies. The research highlights that the energy transition is not only an environmental imperative but also a powerful engine of innovation, employment, and inclusive growth.

References

1. International Energy Agency (IEA). World Energy Outlook 2024. Paris: IEA, 2024.

2. World Bank. State and Trends of Carbon Pricing 2024. Washington, D.C., 2024.

3. BloombergNEF. Energy Transition Investment Trends 2024. New York, 2024.

4. International Renewable Energy Agency (IRENA). Renewable Energy and Jobs: Annual Review 2024. Abu Dhabi, 2024.

5. United Nations Development Programme (UNDP). Human Development Report 2023: Climate and Energy. New York, 2023.

6. European Commission. Fit for 55: Delivering the European Green Deal. Brussels, 2021.

7. International Monetary Fund (IMF). Climate and Financial Stability Report 2024. Washington, D.C., 2024.

8. World Economic Forum. Fostering a Fair Energy Transition 2023. Geneva, 2023.

9. Organization for Economic Cooperation and Development (OECD). Clean Energy Finance and Investment Policy Review 2023. Paris, 2023.

10. International Energy Forum (IEF). Global Energy Security Review 2024. Riyadh, 2024.

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Published

2025-10-17