Financial Provision of Energy Security of Regional Economy in Transition to Industry 4.0

Vladimir Osipov, Murat A. Bulgarov (), Oleg F. Krivtsov () and Sergei G. Vagin ()
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Murat A. Bulgarov: Kuban State Agrarian University Named After I.T. Trubilin
Oleg F. Krivtsov: Russian University of Transport
Sergei G. Vagin: MIREA—Russian Technological University

Chapter Chapter 34 in Industry 4.0, 2021, pp 389-396 from Springer

Abstract: Abstract Purpose: The purpose of the article is to study the experience and prospects of financial support for the energy security of the regional economy in the transition to Industry 4.0 in modern Russia. Design/methodology/approach: In order to test the hypothesis put forward, the article uses the methodology of economic statistics, using which regression models of financial support for energy security of regions are compiled in the transition to Industry 4.0 in Russia. In order to determine the prospects for the implementation of copyright recommendations, a variation analysis is being carried out. Findings: It has been proved that with the highest level of digitalization (100 points, + 142.67%) in the regions of Russia, an annual reduction in energy consumption can reach 18.66% (+ 278.02%), which will ensure complete energy safety. Financial support involves increasing investments in fixed assets per capita, increasing the balanced financial result of enterprises, and increasing the balance of the regional budget. Originality/value: On the example of the regions of Russia, a model of systemic digitalization covering the energy sector has been demonstrated, in which the 4.0 Industry is extended to the entire economy (the hypothesis is confirmed). For development of “smart” energy (Smart Grid) and ensuring energy security requirements for financial security of the Industry 4.0 in 2021, achievement probability in which practice is moderately high is recommended.

Keywords: Energy security; Energy efficiency; Smart grid; Financial security; Regional economy; Russia; Digitalization; Industry 4.0; Q01; Q43; Q47; Q48; Q51; Q52; Q53; Q54; Q55; Q56; Q57; Q58; O31; O32; O33; O38 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-75405-1_34

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DOI: 10.1007/978-3-030-75405-1_34

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