Determinants of energy intensity in Russia

Dmitry Rudenko and Anna Raschetova

International Journal of Public Policy, 2018, vol. 14, issue 1/2, 50-63

Abstract: In the Soviet Union energy intensity levels remained high. After the Soviet Union breakdown Russia has also been very energy intensive. Although Russia's energy intensity has fallen by nearly 41%, primary energy consumption per capita has increased by 24% since 1998. The current study aims to investigate how different determinants have contributed to the decline in Russia's energy intensity. The cointegration methodology is applied to establish the long-run relationship among the variables influencing energy intensity in Russia. The results show that energy prices and the share of non-carbohydrate energy have significant impact being negatively correlated to changes in energy intensity. A 1% increase in real crude oil price is expected to reduce energy intensity by 0.26% approximately, as well as a 1% increase of the share of alternative energy sources is expected to reduce the energy intensity by 0.86%.

Keywords: energy intensity; energy efficiency; Russia; renewable energy; FMOLS. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:14:y:2018:i:1/2:p:50-63

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