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Economic and Political Issues of Modern Energy Transition

Author

Listed:
  • Vitalij Aleksandrovich RODIONOV Author-Workplace-Ministry of Finance of the Russian Federation, Moscow, Russia

    (MGIMO - University, Moscow, Russia)

Abstract

The relevance of the topic is determined by the reshaping of the world economy due to the green transformation. In the article, the fourth energy transition is considered in terms of economic and political components and their interactions. The countries have committed themselves to achieving carbon neutrality after the ratification of the UN Paris Agreement on Climate. Analyzing the volume of necessary investments in the green transformation, its political aspects, the economic feasibility of renewable energy as a key element of the energy transition, the author considers renewable energy as a tool to address one of the main global economic challenges.

Suggested Citation

  • Vitalij Aleksandrovich RODIONOV Author-Workplace-Ministry of Finance of the Russian Federation, Moscow, Russia, 2023. "Economic and Political Issues of Modern Energy Transition," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 11, pages 125-134, November.
    • Handle: RePEc:alq:rufejo:rfej_2023_11_125-134
    DOI: 10.24412/2072-8042-2023-11-125-134
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    More about this item

    Keywords

    energy transition; green transformation; decarbonization of the economy; politics; climate change; clean energy; renewable energy; investments; sustainable development;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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