Energy economics and development

N.A. Tovma

  • Н. А. Товма Al-Farabi Kazakh National University


In this paper propose to build a system of indicators of greening economy to assess the impact of theenergy factor in the value of GDP using economics – mathematic model, reflection the dependence offactor. In particular, most of the strategies for economic growth and development, implemented over thepast decades have encouraged rapid accumulation of financial capital opposite a natural capital. Currentdevelopment model is detrimental to the well-being of generations, creates great risks and challenges forfuture generations and necessitates the transition to a green economy to achieve sustainable developmentin the long run. The article noted the recognized world leader in the field of energy and resourcesavings. In all countries where there are significant advances in addressing the issues of energy efficiency,the decisive role belongs to the state. It is noted that in the Republic of Kazakhstan the developmentof the legal framework in the field of energy conservation has a positive effect on energy efficiency.How-ever, legislative initiatives are not applied universally, which are advisory in nature, in contrast tothe US and EU. The article gives practical recommendations to strengthen the energy efficiency of thework, the diversification of energy sources and the creation of strategic reserves of energy raw materials.The paper suggests possible ways to cover the increasing demand of electricity.Key words: energy efficiency, energy factor.
How to Cite
ТОВМА, Н. А.. Energy economics and development. The Journal of Economic Research & Business Administration, [S.l.], v. 120, n. 2, p. 163-165, nov. 2018. ISSN 2617-7161. Available at: <>. Date accessed: 16 feb. 2019.