Green Energy for Belt and Road Initiative: Economic Aspects Today and in the Future

Natalia A. Chernysheva, Victoria V. Perskaya, Alexander M. Petrov and Anna A. Bakulina
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Natalia A. Chernysheva: Department of International Economic Relations and Foreign Economic Affairs, Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, MGIMO University, Moscow, Russia
Victoria V. Perskaya: Institute for Research of International Economic Relations, Financial University under the Government of the Russian Federation, Moscow, Russia,
Alexander M. Petrov: Department of Accounting, Account Analysis and Audit, Financial University under the Government of the Russian Federation, Moscow, Russia,
Anna A. Bakulina: Department of Corporate Finance and Corporate Governance, Financial University under the Government of the Russian Federation, Moscow, Russia

International Journal of Energy Economics and Policy, 2019, vol. 9, issue 5, 178-185

Abstract: The Belt and Road Initiative (BRI) is a comprehensive megaproject, which includes numerous projects in the sphere of green energy. The effectiveness of these projects is often doubted. The article reveals the main mechanisms of green energy projects influence on the economy and through the research of 8 BRI countries demonstrates the method of green energy projects efficiency estimation. China is considered to be the main driver for green energy proliferation in Asia, receiving economic benefits through its policy. The authors prove this to be right, but the effects for PRC differ in short and long-run periods. The main findings of the paper are that the BRI green energy dissemination is just the first step to building a tightly interconnected Asian energy infrastructure, and that the BRI least developed countries have less positive long-run effects from green energy investment, while in short-term they get a boost for their economies.

Keywords: BRI; green energy; energy; Asian region; China (search for similar items in EconPapers)
JEL-codes: F21 K32 O44 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2019-05-20

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