Clarifying the relationship between energy demand and economic
growth by means of mathematical energy models has been a
crucial issue for countries around the world during last two decades
[2e5]. The ability to forecast energy demand due to economic
growth based on mathematical models may be helpful in estimating
the potential scale of energy production and supply infrastructure.
If we could thoroughly understand how economic
growth and pricing policies lead to changes in energy demand, we
might be able to manage the high dependency of industry on energy
and the resulting increased energy burdens at a lower economic
and environmental cost. Climate change caused by energy
consumption in industrial activities is currently one of the most
important environmental problems, and it must be dealt with
adequately [6]. Successful planning for future energy needs based
on current and potential resources can assist policy makers and
investing companies in this endeavor