Forecasting Sustainable Development of Transport Sectors of Russia and EU: Energy Consumption and Efficiency

The paper analyzes energy efficiency for the road transport of Russia and its regions against the backdrop of the ongoing processes in the EU countries. The emphasis is laid on mathematical modeling of energy consumption forecasts for the transport sector. The results show that despite the fact that economy of Russia as a whole has a relatively low level of energy efficiency however in road transport the situation is different. Total consumption of energy in Russia's transport sector is expected to decrease by 15% by 2040, despite a significant increase in the number of vehicles. However, unlike in the EU, the share of renewable sources of energy will be relatively low in the structure of energy consumption in Russia. Keywords: energy consumption; energy efficiency; road transport JEL Classifications: Q35, Q42, Q4