Energy Efficiency Assessment of Copper Producers: Theory and Practice

Vadim V. Krivirotov, Aleksey V. Kalina and Anastasiya I. Savelyeva
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Vadim V. Krivirotov: Ural Federal University named after the first President of Russia Boris N. Yeltsin
Aleksey V. Kalina: Ural Federal University named after the first President of Russia Boris N. Yeltsin
Anastasiya I. Savelyeva: Ural Federal University named after the first President of Russia Boris N. Yeltsin

Journal of New Economy, 2018, vol. 19, issue 5, 107-116

Abstract: The paper focuses on the study of energy efficiency as a factor in the development of modern so? cioeconomic systems. Energy efficiency is considered to be a basis for the green economy model widely implemented in the developed countries. The purpose of the research is to compare current state of large Russian metallurgical companies with their leading world rivals, and reveal problems and opportuni? ties in this sphere. The object of the research is the Ural Mining Metallurgical Company specialising predominantly in production of copper and copper products. The authors apply a method of time series analysis that involves the comparison of energy efficiency of copper producers according to the selected and justified list of energy efficiency indicators of a production complex. The findings of the research suggest that the Ural Mining Metallurgical Company significantly lags behind the leading copper pro? ducers in a number of key indicators of energy efficiency. The research proves that the utilized methodol? ogy is applicable and useful in attaining strategic development goals and improving energy efficiency of the Russian production complexes

Keywords: copper industry; green economy; low-carbon development; energy efficiency; industrial system; energy efficiency indicators; comparative assessment. (search for similar items in EconPapers)
JEL-codes: D24 P5 Q40 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:url:izvest:v:19:y:2018:i:5:p:107-116

DOI: 10.29141/2073-1019-2018-19-5-8

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