THE IMPORTANCE OF ENERGY IN THE CONTEXT OF GENERAL SUSTAINABLE DEVELOPMENT Cover Image
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ЗНАЧАЈ ЕНЕРГЕНАТА У КОНТЕКСТУ ОПШТЕГ ОДРЖИВОГ РАЗВОЈА
THE IMPORTANCE OF ENERGY IN THE CONTEXT OF GENERAL SUSTAINABLE DEVELOPMENT

Author(s): Stefan Blagojević
Subject(s): Energy and Environmental Studies, Environmental and Energy policy, Economic development, Environmental interactions
Published by: Savez računovođa i revizora Republike Srpske
Keywords: energy transition; concepts of sustainable development; energy economy; energy system; energy indicators of sustainable development;
Summary/Abstract: In today’s circumstances, when the energy transition is understood as a transition to renewable energy sources in order to preserve the environment, there are different opinions on whether economic needs, as it was in the past, should lead the transformation process or the priority should be established on social and ethical ideas. There is a noticeable difference compared to the previous stages of the development of energy systems, where the discovery of a new energy source had clear economic motives for its use due to greater possibilities and lower exploitation costs. Most economists who deal with this topic emphasize the importance of the already mentioned ethical and social ideas, especially emphasizing the debt that humanity owes to future generations, but also the costs that society bears as a whole, which are not directly related to the polluter. However, looking at the overall picture, one should not ignore the basic economic postulates and previous experiences that personal preferences and well-being must be generators of change and that neglecting them can lead to unwanted consequences. In addition, the transformation is impossible to implement if there is no political support and interventions, which further indicates the necessity of the support of society as a whole. Accordingly, economists that are dealing with this issue need to find solutions that take into account the preferences of consumers, managers and company owners, as 'well as political leaders. The paper in question deals with the analysis of the concepts of sustainable development, which contain the basic principles and assumptions of the theory of sustainable economic development, and the specifics that come with the so-called energy economy. In addition, a detailed overview of energy data, systems and main flows is given, and at the end of the text we focus on the analysis of indicators of sustainable energy development.