Энергетическая Стратегия России И Развитие Возобновляемой Энергетики
[Russian Energy Strategy and development of renewable power industry]
AbstractWe consider two scenarios of the development of renewable power industry in Russia on an example of the Dasgupta-Heal-Solow-Stiglitz model. We assume that the resource rent is being invested into capital in the form of renewable power technologies according to the standard Hartwick saving rule. We use the modified Hotelling rule that reflects externalities implying, in particular, growing rates of oil extraction. We have shown that the growing extraction, prescribed by the Russian Energy Strategy (RES), implies growth of capital and the corresponding growth of per capita consumption in the short run (about 13 years). However, this growth is not sustainable and follows the decline in per capita consumption in the long run. An alternative hypothetical scenario of sustainable extraction implies always growing per capita consumption with the higher level in the long run in comparison with the RES-scenario.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8804.
Date of creation: 21 May 2008
Date of revision:
renewable energy; sustainable growth; Russian Energy Strategy;
Find related papers by JEL classification:
- Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-05-31 (All new papers)
- NEP-CIS-2008-05-31 (Confederation of Independent States)
- NEP-ENE-2008-05-31 (Energy Economics)
- NEP-ENV-2008-05-31 (Environmental Economics)
- NEP-TRA-2008-05-31 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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