Энергетическая Стратегия России И Развитие Возобновляемой Энергетики
[Russian Energy Strategy and development of renewable power industry]
We 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.
|Date of creation:||21 May 2008|
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- R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers 103, Massachusetts Institute of Technology (MIT), Department of Economics.
- Heal, Geoffrey M., 1993.
"The optimal use of exhaustible resources,"
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- Bazhanov, Andrei, 2007. "The peak of oil extraction and consistency of the government's short- and long-run policies," MPRA Paper 2507, University Library of Munich, Germany.
- Andreeva, Anastasiya & Bazhanov, Andrei, 2007.
"Сценарии Перехода К Устойчивым Темпам Добычи Нефти В России
[Scenarios of transition to sustainable oil extraction in Russia]," MPRA Paper 5343, University Library of Munich, Germany.
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