Energy security and sustainable competitiveness of industry development

The article deals with an urgent contemporary issue of sustainable development by tackling controversy and incompatibility of economic aims: to combine energy security, economic growth, steward environmental health and maintain long-term competitiveness. A discussion about perception of energy security, future trends of energy consumption, economic growth and mode of impact of energetically secure economic growth on environment and level of international competitiveness is elaborated on. The authors suggest conceptual approaches towards formulating measurable aims for sustainable and internationally competitive economic developments, which would allow us to achieve comparative compatibility of unrestricted energy availability and development of industrial constitute of countries economies, which would not lead to gradual degradation of environment and decline of international competitiveness in the long run.