МЕХАНІЗМ РЕГУЛЮВАННЯ СВІТОВОГО ЕНЕРГЕТИЧНОГО РИНКУ

The modern world economy is characterized by growing energy consumption, which gives rise to the urgency of the problem of an adequate supply of states with energy resources. International regulation of energy markets helps to successfully solve the problems of distribution of energy resources at the global level, contributes to their rational use, the achievement of energy security and sustainable development of all market participants.

The purpose of the article is to investigate the state and prospects for the development of the regulatory mechanism of the global energy market.

The article examines the issues of international cooperation of participants in the world energy market through the prism of the functioning of multilateral economic organizations, international treaties and forums. The historical prerequisites for the regulation of the world energy market are analyzed. The role of a number of organizations, in particular, the International Energy Agency, the «Group of Seven», the International Atomic Energy Agency, the United Nations Industrial Development Organization, and the International Renewable Energy Agency in the mechanism of regulating the world energy market is characterized. It is emphasized that the international regulation of the world energy market is currently at the stage of transformation, on the one hand, under the influence of sustainable development policies, and on the other, threats related to the geopolitical ambitions of individual participants. It is emphasized that the current mechanism for regulating the world energy market, which is based on the activities of intergovernmental organizations that were founded in accordance with the principles of international law with respect for the state sovereignty of partners, was not ready to respond flexibly to the latest challenges associated with russia's military aggression in 2022