Real options model of Res policies benefits in Russian Federation

Zelentsov Denis, Lukashenko Inna and Akhmetchina Alexandra
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Zelentsov Denis: Financial University, Moscow
Lukashenko Inna: Financial University, Moscow
Akhmetchina Alexandra: Financial University, Moscow

Review of Business and Economics Studies, 2013, issue 1, 44-54

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.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:scn:031730:14444066

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