Sustainable Development of the Russian Arctic zone energy shelf: the Role of the Quintuple Innovation Helix Model

Elias G. Carayannis (), Alexey E. Cherepovitsyn () and Alina A. Ilinova ()
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Elias G. Carayannis: George Washington University
Alexey E. Cherepovitsyn: Saint-Petersburg Mining University
Alina A. Ilinova: Saint-Petersburg Mining University

Journal of the Knowledge Economy, 2017, vol. 8, issue 2, No 5, 456-470

Abstract: Abstract Russia is one of the most important players in the Arctic zone energy shelf with significant economic, security, and political interests in the region. This is primarily because of significant natural resources, in particular oil and gas, on the Russian Arctic territories. Arctic has considerable strategic importance to the national economy. The objective of this paper is to develop the concept of sustainable development of the Russian Arctic zone energy shelf within the framework of the Quintuple Innovation Helix Model which focuses on university-industry-government relations, public and civil society, and the natural environment. The paper presents main characteristics of the Russian Arctic and Arctic’s oil and gas recourses. We determined the strategic importance of the Russian Arctic as a wealth of petroleum and mineral resources. We offered economic and socioecological approach to the Arctic’s sustainable development and paid special attention to the creation of centers of economic growth through the public-private initiatives aimed at knowledge and innovation production and transfer. We estimated social and economic potential of oil and gas shelf projects through the analysis of the possible risks and expectations of main stakeholders. The sustainable development of the Russian Arctic zone energy shelf represents an area of economic, ecological, and social concern, to which the Quintuple Helix innovation model can be applied with greater potential. The Quintuple Helix supports here the formation of a win-win situation between ecology, knowledge, and innovation, creating synergies between economy, society, and democracy, what is the good basis for sustainable development of the Arctic territories and implementation of Arctic Shelf projects.

Keywords: Arctic; Sustainable development; Arctic Energy Shelf; Russia; Oil and gas; Shelf projects; Quintuple Helix; Innovations (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (16)

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DOI: 10.1007/s13132-017-0478-9

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