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Methodological Issues of Assessing Investment Risks in Projects Weakening the Dependence of the Russian Economy on Natural Resources and Providing a Transition to Low-Carbon Development
[Методологические Вопросы Оценки Инвестиционных Рисков В Проекты Ослабляющие Зависимость Российской Экономики От Природных Ресурсов И Обеспечивающих Переход На Низкоуглеродное Развитие]

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  • Golub, Alexander (Голуб, Александр)

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The work analyzes the role of rental incomes in the Russian economy demonstrates the cointegration of GDP growth and oil prices in the previous 15 years. On the example of a comparative assessment of low-carbon and carbon-intensive technologies, the methodology for evaluating investment projects based on the application of the real options method is illustrated.

Suggested Citation

  • Golub, Alexander (Голуб, Александр), 2018. "Methodological Issues of Assessing Investment Risks in Projects Weakening the Dependence of the Russian Economy on Natural Resources and Providing a Transition to Low-Carbon Development [Методологи," Working Papers 071802, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:071802
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    References listed on IDEAS

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    1. Sharmina, Maria, 2017. "Low-carbon scenarios for Russia's energy system: A participative backcasting approach," Energy Policy, Elsevier, vol. 104(C), pages 303-315.
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    3. Anda, Jon & Golub, Alexander & Strukova, Elena, 2009. "Economics of climate change under uncertainty: Benefits of flexibility," Energy Policy, Elsevier, vol. 37(4), pages 1345-1355, April.
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    5. Alexander Golub & Michael Brody, 2017. "Uncertainty, climate change, and irreversible environmental effects: application of real options to environmental benefit-cost analysis," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 7(4), pages 519-526, December.
    6. Avinash Dixit, 1992. "Investment and Hysteresis," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 107-132, Winter.
    7. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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