Энергетическая стратегия России и развитие возобновляемой энергетики
Russian Energy Strategy and development of renewable power industry
Andrei Bazhanov and
MPRA Paper from University Library of Munich, Germany
We consider two scenarios of the development of renewable power industry in Russia on an example of the Dasgupta-Heal-Solow-Stiglitz model. We assume that the resource rent is being invested into capital in the form of renewable power technologies according to the standard Hartwick saving rule. We use the modified Hotelling rule that reflects externalities implying, in particular, growing rates of oil extraction. We have shown that the growing extraction, prescribed by the Russian Energy Strategy (RES), implies growth of capital and the corresponding growth of per capita consumption in the short run (about 13 years). However, this growth is not sustainable and follows the decline in per capita consumption in the long run. An alternative hypothetical scenario of sustainable extraction implies always growing per capita consumption with the higher level in the long run in comparison with the RES-scenario.
Keywords: renewable energy; sustainable growth; Russian Energy Strategy (search for similar items in EconPapers)
JEL-codes: O13 P28 Q01 Q32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-ene, nep-env and nep-tra
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Published in In: Trudy 6 Mezhdunarodnoj conferentsii "Energoobespechenie i energosberezhenie v sel'skom khozyajstve" Chast' 4 (2008): pp. 3-8
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8804
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