IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2021-04-8.html
   My bibliography  Save this article

State Priorities in the Petrochemistry of Russia: Sustainable Development, Green Industry and Energy Efficiency

Author

Listed:
  • Marina V. Shinkevich

    (Department of Logistics and Management, Kazan National Research Technological University, Kazan, Russian Federation,)

  • Irina G. Ershova

    (Department of Finance and Credit, Southwest State University (SWSU), Kursk, Russian Federation,)

  • Izida I. Ishmuradova

    (Department of Business Informatics and Mathematical Methods in Economics, Kazan (Volga region) Federal University, Kazan, Russian Federation,)

  • Valeriy I. Prasolov

    (Department of Economic Security and Risk Management, Financial University under the Government of the Russian Federation, Moscow, Russian Federation,)

  • Alexey I. Prokopyev

    (Department of State and Legal Disciplines, Plekhanov Russian University of Economics, Moscow, Russian Federation)

  • Yana A. Cherezova

    (Department of Economics and Management, I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow, Russian Federation)

Abstract

This research aims at diagnosing such priority areas for the development of petrochemicals in Russia as sustainable development and energy efficiency, at identifying trends and forecasting the development of the industry, taking into account the greening of the industry. Achieving the goal is based on the use of methods such as graphical, comparative, economic and mathematical (neural network modeling, correlation regression analysis), and prognostic. The article contains an assessment of the achievement of the Sustainable Development Goals focused on energy saving and environmental protection; forecasting the level of greenhouse gas emissions in Russia based on the construction of a neural network and a regression model; comparative analysis of the rates of transition to sustainable development of chemical production and production of coke and petroleum products in the Russian economy. The scientific results of the research are a neural network model trained on the indicators of sustainable and energy efficient development of the Russian economy, on the basis of which the relationship between the level of greenhouse gas emissions, the energy intensity of GDP and the share of electricity from renewable energy sources is formalized; a predictive model that made it possible to calculate future values of greenhouse gas emissions depending on the target values of predictive variables; features of the greening of petrochemical industries in Russia.

Suggested Citation

  • Marina V. Shinkevich & Irina G. Ershova & Izida I. Ishmuradova & Valeriy I. Prasolov & Alexey I. Prokopyev & Yana A. Cherezova, 2021. "State Priorities in the Petrochemistry of Russia: Sustainable Development, Green Industry and Energy Efficiency," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 59-68.
  • Handle: RePEc:eco:journ2:2021-04-8
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/11364/5884
    Download Restriction: no

    File URL: https://www.econjournals.com/index.php/ijeep/article/view/11364/5884
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Le Thanh Tiep & Ngo Quang Huan & Tran Thi Thuy Hong, 2021. "Energy Efficiency: Determinants and Roles on Sustainable Development in Emerging Country," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 7-22.
    2. Zhou, Cheng & Chen, Xiyang, 2019. "Predicting energy consumption: A multiple decomposition-ensemble approach," Energy, Elsevier, vol. 189(C).
    3. Daryono Daryono & Sugeng Wahyudi & Suharnomo Suharnomo, 2019. "The Development of Green Energy Policy Planning Model to Improve Economic Growth in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 216-223.
    4. Umair Ahmed & Soleman Mozammel & Fazluz Zaman, 2020. "Impact of Ecological Innovation, Entrepreneurial Self-Efficacy and Entrepreneurial Orientation on Environmental Performance and Energy Efficiency," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 289-295.
    5. Olga V. Panina & Stanislav E. Prokofiev & Natalia A. Barmenkova & Natalia L. Krasyukova & Nikolay P. Kushchev, 2020. "Prospects of Nuclear Energy Development in Asia: Comparison with Green Energy," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 123-131.
    6. Yanbing Mao & Kui Liu & Jizhi Zhou, 2019. "Evolution of Green Industrial Growth between Europe and China based on the Energy Consumption Model," Sustainability, MDPI, vol. 11(24), pages 1-15, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marina V. Shinkevich & Nikolay A. Mashkin & Izida I. Ishmuradova & Valeria V. Kolosova & Olga V. Popova, 2020. "Management of Sustainable Consumption of Energy Resources in the Conditions of Digital Transformation of the Industrial Complex," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 454-460.
    2. Shun Liu & Kexin Wu & Chufeng Jiang & Bin Huang & Danqing Ma, 2023. "Financial Time-Series Forecasting: Towards Synergizing Performance And Interpretability Within a Hybrid Machine Learning Approach," Papers 2401.00534, arXiv.org.
    3. Henrique Oliveira & Víctor Moutinho, 2021. "Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis," Energies, MDPI, vol. 14(15), pages 1-28, July.
    4. Alexander Melnik & Irina Naoumova & Kirill Ermolaev & Jerome Katrichis, 2021. "Driving Innovation through Energy Efficiency: A Russian Regional Analysis," Sustainability, MDPI, vol. 13(9), pages 1-19, April.
    5. Byoung Joon Kim & Seoyong Kim & Youngcheoul Kang & Sohee Kim, 2022. "Searching for the New Behavioral Model in Energy Transition Age: Analyzing the Forward and Reverse Causal Relationships between Belief, Attitude, and Behavior in Nuclear Policy across Countries," IJERPH, MDPI, vol. 19(11), pages 1-24, June.
    6. Su, Zhifang & Guo, Qianqian & Lee, Hsiang-Tai, 2022. "Green finance policy and enterprise energy consumption intensity: Evidence from a quasi-natural experiment in China," Energy Economics, Elsevier, vol. 115(C).
    7. J. Restrepo-Trujillo & Ricardo Moreno-Chuquen & Francy Nelly Jim nez-Garc a, 2020. "Strategies of Expansion for Electric Power Systems Based on Hydroelectric Plants in the Context of Climate Change: Case of Analysis of Colombia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 66-74.
    8. Song, Chao & Wang, Tao & Chen, Xiaohong & Shao, Quanxi & Zhang, Xianqi, 2023. "Ensemble framework for daily carbon dioxide emissions forecasting based on the signal decomposition–reconstruction model," Applied Energy, Elsevier, vol. 345(C).
    9. Rahman, Arief & Dargusch, Paul & Wadley, David, 2021. "The political economy of oil supply in Indonesia and the implications for renewable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    10. Rahman, Arief & Richards, Russell & Dargusch, Paul & Wadley, David, 2023. "Pathways to reduce Indonesia’s dependence on oil and achieve longer-term decarbonization," Renewable Energy, Elsevier, vol. 202(C), pages 1305-1323.
    11. Dzyuba, Yu. & Bakalova, I., 2023. "CGE models for resource-based economy: A comprehensive bibliometric analysis," Journal of the New Economic Association, New Economic Association, vol. 61(4), pages 12-50.
    12. Yuting Cui & Raphael Lissillour & Juraj Chebeň & Drahoslav Lančarič & Chunlin Duan, 2022. "The position of financial prudence, social influence, and environmental satisfaction in the sustainable consumption behavioural model: Cross‐market intergenerational investigation during the Covid‐19 ," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 996-1020, July.
    13. Nosheena Yasir & Muhammad Babar & Hafiz Shakir Mehmood & Ruyu Xie & Guanke Guo, 2023. "The Environmental Values Play a Role in the Development of Green Entrepreneurship to Achieve Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 15(8), pages 1-27, April.
    14. Nguyen Dat Minh & Duong Trung Kien, 2021. "Assessment of the Impact of Managing Large Energy-Using Users on National Energy Efficiency of Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 519-530.
    15. Safder, Usman & Nguyen, Hai-Tra & Ifaei, Pouya & Yoo, ChangKyoo, 2021. "Energetic, economic, exergetic, and exergorisk (4E) analyses of a novel multi-generation energy system assisted with bagasse-biomass gasifier and multi-effect desalination unit," Energy, Elsevier, vol. 219(C).
    16. Huatao Peng & Bingbing Li & Chen Zhou & Bert M. Sadowski, 2021. "How Does the Appeal of Environmental Values Influence Sustainable Entrepreneurial Intention?," IJERPH, MDPI, vol. 18(3), pages 1-25, January.
    17. Shaheen, Irum & Ahmad, Khuram Shahzad & Zequine, Camila & Gupta, Ram K. & Thomas, Andrew G. & Malik, Mohammad Azad, 2021. "Modified sol-gel synthesis of Co3O4 nanoparticles using organic template for electrochemical energy storage," Energy, Elsevier, vol. 218(C).
    18. Wang, Meng & Wang, Wei & Wu, Lifeng, 2022. "Application of a new grey multivariate forecasting model in the forecasting of energy consumption in 7 regions of China," Energy, Elsevier, vol. 243(C).

    More about this item

    Keywords

    petrochemical industry; state priorities; sustainable development; green industry; energy efficiency; Russia.;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2021-04-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.