IDEAS home Printed from https://ideas.repec.org/a/abw/journl/y2023id1059.html
   My bibliography  Save this article

Analysis Of Key Directions And Proposals To Minimise The Economic Impact Of The Global Energy Transition On Large Energy-Intensive Industrial Consumers Of Electricity And Capacity

Author

Listed:
  • M. M. Balashov

Abstract

Over the past decade, the global energy sector has undergone major fundamental and structural changes as part of the global energy transition. The energy industry of the Russian Federation, as a key player in the global energy market and the world economy as a whole, is undergoing similar changes. In this case, in terms of ensuring high competitiveness and long-term energy security of the state, it is crucial to set priorities and build models of sustainable development for each of the industries related to the energy sector. Indeed, the process of replacing carbon-intensive energy sources with a systematic increase in the share of new, renewable energy sources (RES) should be gradual and consistent to avoid imbalances in energy systems and maintain equity for all stakeholders. In this context, the search for advanced, low-carbon energy sources is a priority for the vast majority of countries around the world. In addition, the development of renewable energy is one of the goals of RussiaÕšs energy strategy until 2035. At the same time, despite the obvious advantages of the Russian power industry such as the absence of dependence on budget funds, the overwhelming majority of private investment in the industry, the availability of effective mechanisms for attracting investment and the basic principle of balancing the interests of all market participants, there are also negative consequences of this approach. The nationwide task of developing the energy system and increasing the availability of electricity on the territory of the Russian Federation in terms of financing is becoming an exclusive burden on electricity consumers themselves; even insignificant risks in their operation can turn into a threat not only to sustainable development, but also to their very existence. In this context, the analysis of key directions and proposals to minimise the economic impact of the global energy transition on large energy-intensive industrial consumers of electricity and capacity is of particular relevance.

Suggested Citation

  • M. M. Balashov, 2023. "Analysis Of Key Directions And Proposals To Minimise The Economic Impact Of The Global Energy Transition On Large Energy-Intensive Industrial Consumers Of Electricity And Capacity," Strategic decisions and risk management, Real Economy Publishing House, vol. 14(2).
  • Handle: RePEc:abw:journl:y:2023:id:1059
    DOI: 10.17747/2618-947X-2023-2-164-179
    as

    Download full text from publisher

    File URL: https://www.jsdrm.ru/jour/article/viewFile/1059/1027
    Download Restriction: no

    File URL: https://www.jsdrm.ru/jour/article/viewFile/1059/1028
    Download Restriction: no

    File URL: https://libkey.io/10.17747/2618-947X-2023-2-164-179?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    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:abw:journl:y:2023:id:1059. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: ООО Ð˜Ð·Ð´Ð°Ñ‚ÐµÐ»ÑŒÑ ÐºÐ¸Ð¹ дом Â«Ð ÐµÐ°Ð»ÑŒÐ½Ð°Ñ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸ÐºÐ°Â» (email available below). General contact details of provider: https://www.jsdrm.ru/jour/about/journalSponsorship .

    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.