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Real options model of Res policies benefits in Russian Federation

Author

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  • Zelentsov Denis

    (Financial University, Moscow)

  • Lukashenko Inna

    (Financial University, Moscow)

  • Akhmetchina Alexandra

    (Financial University, Moscow)

Abstract

Shift of energy consumption structure towards increase of Renewable Energy Resources (RES) share is one of the goals of national energy strategy of Russian Federation. While such shift could bring many positive implications, all of them falling in one of the standard bins of sustainability triad, a need for proactive position of government in RES promotion is undeniable, as egoistic rational motivation of individual economic agents stops them from spending resources on altruistic goals of sustainable development. Rigorous cost-benefit analysis of RES support strategies could be cumbersome if possible at all, as assessment model should address numerous intricacies of policy design and uncertainties of innovation process, energy market and new technology adoption. We develop real options model to address at least several mentioned complexities, and analyse RES support policy options to recommend the best for Russian Federation.

Suggested Citation

  • Zelentsov Denis & Lukashenko Inna & Akhmetchina Alexandra, 2013. "Real options model of Res policies benefits in Russian Federation," Review of Business and Economics Studies, CyberLeninka;Федеральное государственное образовательное бюджетное учреждение высшего профессионального образования «Финансовый университет при Правительстве Российской Федерации» (Финансовый университет), issue 1, pages 44-54.
    • Handle: RePEc:scn:031730:14444066
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