The article examines the impact of the most significant factors in the global economic transformation - the pandemic and the «green» economy on the development of the oil and gas sector. The development trends of the global oil and gas sector in the pre-pandemic period were identified, the most significant changes in its development in the period 2019-2021 were identi-fied, which of these changes were most due to the impact of the Covid-19 pandemic, which were due to the influence of the «green» economy, changes that have arisen independently of these two factors are indicated. The forecasts for the development of the oil and gas sector in the con-text of the risks associated with the development of the «green» economy and the consequences of the Covid-19 pandemic in the short, medium and long term have been studied. Significant at-tention is paid to the issues related to the differentiation of long-term and short-term trends in the development of the oil and gas industry under the influence of these two system-forming fac-tors. The article also explored the strategic prospects for the development of the oil and gas in-dustry as an alternative to the «green» economy, revealed. What impact will the Covid-19 pan-demic presumably have in terms of confrontation between traditional oil and gas energy and green energy as a possible main energy of the future. The geographic features of the energy trans-formation are determined, the regions are identified, the development of the oil and gas sector of which is affected by the coronavirus pandemic and the «green» economy in different ways. Keywords: oil and gas sector; Covid-19 pandemic; green economy; global economy; sectoral economy; global markets.
The article comprehensively considers the economic aspects of the process of transition of the global economy to the use of renewable energy sources. An assessment was made of the potential investment and physical needs of energy based on renewable sources, and a study was made of the potential of the global economy to meet these needs. An analysis was made of the previously implemented actions of the governments of the countries of the world and business in the direction of the formation of an energy sector based on the use of renewable energy sources. Obstacles to the transition of the global economy to renewable energy sources of an economic and resource nature have been identified. The analysis of the experience of the countries of the world in overcoming the relevant obstacles and the formation of conditions by states to reduce the barriers for the entry of a global investor into the energy sector based on renewable resources was carried out. The most significant results from the point of view of the formation of energy based on renewable sources were studied and an assessment was made of their use for the formation of energy based on renewable sources in other countries of the world. Considerable attention is paid to the experience of the EU as an interstate integration group, the most integrated in the process of formation of energy based on renewable sources. Based on the results of the analysis of innovative and investment aspects of the energy transition to renewable energy sources, energy development trends until 2050 were formulated and a system of recommendations was developed for the implementation of the energy transition in the countries of the world. Keywords: energy; renewable energy sources; innovations; investments; state regulation; modernization.
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