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Published in:
2008 | OriginalPaper | Chapter
Policies for Sustainable Development
Author : Yelena Kalyuzhnova
Published in: Economics of the Caspian Oil and Gas Wealth
Publisher: Palgrave Macmillan UK
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Any resource-rich country should adopt an integrated approach to energy policy. This should include components such as the principle of a cleaner environment, the sustainable development of the local economy to underpin stable energy suppliers for the future and to ensure a diverse economy that does not rely purely on energy exports. This set of elements is achievable by introducing advanced technologies as well as by improving the processes of energy production and spending of the resultant wealth, which we discussed in Chapter 6. In any case, policy-makers should ensure, through continual strategic review, that these interventions dovetail efficiently and steer private sector activity along routes consistent with the country’s long-run development policy.