Sustainable energy sector strategy in the context of universal country sustainability

Abstract

Sustainable development of country energy sector is closely related with country universally sustainable development. These relations are met in national as well as in regional laws and in legal documents regulating their implementation. However, the problem remains as follows: how the key provisions of universally sustainable development are integrated into the development strategies of energy companies and how they are applied while implementing strategic investment projects. Thus the paper aims to reveal the theoretical and practical content of country energy system development sustainability, as well as systemically assess possibilities, means and the role of government in preparing and implementing universally sustainable integrated development strategies for the energy sector and energy companies of a medium size country. The paper analyses assumptions of country energy system sustainability, the strategies of energy sector and their proposed instruments, as well as implementation statistics. Sustainable energy sector development is investigated by the example of Lithuania as a medium size country.