This paper aims to investigate the outlook of energy generation by means of transformation within the context of sustainable energy development. An analysis is conducted to assess the stability of energy systems so to implement cutting-edge energy production models at the national level, with a focus on a contemporary approach to energy modeling. Considering the energy transition and the existing constraints within the energy industry, the model assesses the feasibility of the practical advancement of renewable energy sources. The bottom-up energy model was used to determine how the components of energy development sustainability can be applied until the year 2050. To perform comparison testing with the reference state scenario, the LEAP energy model was used. This instrument was selected because of its ability to provide flexible and advanced options for selecting suitable parameters for energy transformation prediction. A progressive reduction in environmental pollution can be achieved by the deployment of current methods of energy generation by transformation until the year 2050 in Serbia, as indicated by the findings. The research highlights the significance of utilizing green energy sources for the continuing development of energy and the gradual reduction in environmental pollution through value co-creation.

In the conditions of modern business environment of energy companies, studies of their impact on environmental protection are becoming increasingly important. The growing concern at the macro level of the resulting climate change due to energy production is justified. The ecological component in the business of energy entities is becoming a priority for the sustainable development of energy, and therefore must be thoroughly examined. The focus of this paper is to determine the impact of energy on climate change through the emission of Greenhouse Gases on the example of the Republic of Serbia. The paper also examines the long-term interdependence between key economic and energy indicators at the national level. The IPAT/Kaya identity was used for research purposes and three alternative scenarios of energy development in Serbia until year 2050 were developed. The obtained results point to different possibilities for the development of energy and its impact on climate. The importance of promoting renewable energy sources for environmental protection and overall economic stability is also pointed out through proposed alternative scenarios. Significant results were obtained for the predicted level of energy intensity for the observed period, suggesting how the development of energy in Serbia could affect economic stability until 2050.