Industrial Opportunities of the Energy Transition (Specifics and the importance of investing in renewable energy)

Anna A. Dokukina and Hichem Djafar Dit Djaker
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Anna A. Dokukina: Plekhanov Russian University of Economics

Review of Applied Socio-Economic Research, 2021, vol. 21, issue 1, 16-23

Abstract: The health crisis that has hit the planet over the course of several months will cause serious shocks. The global economy has been also suffering and it will take time for all socio-economic indicators to return to a positive trajectory. However, this particularly difficult situation presents us with a collectively unprecedented opportunity: to anchor economic, political and energy choices in the energy transition and make them an important lever to restart the economy. The research aimed at the preferences for renewable energies provides the ground for this paper. The main question that this paper seeks to answer is whether renewable energy is an engine of economic growth and an industrial opportunity that Russia can look at to become the world leader.In the coming months and years, renewable energies will make it possible to provide concrete responses to the three objectives which should guide the recovery plan: fostering the creation of jobs and added value in the world; decarbonizing the economy (particularly in the industrial, building and mobility sectors), the only guarantee of generating sustainable jobs and activities; and developing the industrial sector of renewable energies.

Keywords: Production of renewable energy; Economic growth; Labor market (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
Date: 2021
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