Bazhanov, Andrei and Tyukhov, Igor (2008): Энергетическая стратегия России и развитие возобновляемой энергетики. Published in: Energoobespechenie i energosberezhenie v sel'skom khozyajstve No. 4 (12 May 2008): pp. 3-8.
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Abstract
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.
Item Type: | MPRA Paper |
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Original Title: | Энергетическая стратегия России и развитие возобновляемой энергетики |
English Title: | Russian Energy Strategy and development of renewable power industry |
Language: | Russian |
Keywords: | renewable energy; sustainable growth; Russian Energy Strategy |
Subjects: | Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q32 - Exhaustible Resources and Economic Development O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P28 - Natural Resources ; Energy ; Environment |
Item ID: | 26704 |
Depositing User: | Andrei Bazhanov |
Date Deposited: | 16 Nov 2010 07:00 |
Last Modified: | 28 Sep 2019 08:22 |
References: | 1. Официальная Энергетическая cтратегия России на сайте: http://www.energypolicy.ru/files/Russian%20energy%20strategy%202003.pdf 2. Безруких.П.П, Стребков.Д.С. Возобновляемая энергетика: стратегия, ресурсы, технологии. М., 2005, изд. ВИЭСХ, 264 с. 3. Andreeva A.A., Bazhanov A.V. (Андреева А.А., Бажанов А.В.) Scenarios of transition to sustainable oil extraction in Russia (Сценарии перехода к устойчивым темпам добычи нефти в России). MPRA Paper No. 5343, 16 октября 2007 г. Online at http://mpra.ub.uni-muenchen.de/5343/ 4. Юсуфов И.В. Стратегия успехов. "Нефть России" 2004, No. 3, с. 12-14. 5. Bazhanov A.V. The peak of oil extraction and a modified maximin principle. In: Proceedings of the International Conference "Comparative Institution and Political Economy: Theoretical, Experimental, and Empirical Analysis," Waseda University, Tokyo, 22-23 December 2006, pp. 99-128. MPRA Paper No. 2019, Mar. 6, 2007 Online at http://mpra.ub.uni-muenchen.de/2019/ 6. Bazhanov A.V. The peak of oil extraction and consistency of the government's short- and long-run policies. Paper presented at the Seminar of School of Economics, Seoul National University, Seoul, 14 March 2007. MPRA Paper 2507. Online at http://mpra.ub.uni-muenchen.de/2507/ 7. Bazhanov A.V. The transition to an oil contraction economy. Ecological Economics 2007, 64(1):186-193. 8. Dasgupta P., Heal G. The optimal depletion of exhaustible resources. Review of Economic Studies 1974, 41:3-28. 9. Gaudet G. Natural resource economics under the rule of Hotelling. Canadian Journal of Economics 2007, 40:1033-1059. 10. Hartwick J.M. Intergenerational equity and the investing of rents from exhaustible resources. American Economic Review 1977, 67: 972-974. 11. Nordhaus W.D., Boyer J. Warming the World: Economic Models of Global Warming. MIT Press, Cambridge Mass., 2000. 258 p. 12. Solow R.M. Intergenerational equity and exhaustible resources. Review of Economic Studies 1974, 41: 29-45. 13. Stiglitz J. Growth with exhaustible natural resources: Efficient and optimal growth paths. Review of Economic Studies 1974, 41: 123-137. 14. Worldwide look at reserves and production. Oil & Gas Journal, 2007, 105 (48): 24-25. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/26704 |
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Энергетическая стратегия России и развитие возобновляемой энергетики. (deposited 25 May 2008 14:07)
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Энергетическая стратегия России и развитие возобновляемой энергетики. (deposited 04 Mar 2009 06:47)
- Энергетическая стратегия России и развитие возобновляемой энергетики. (deposited 16 Nov 2010 07:00) [Currently Displayed]
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Энергетическая стратегия России и развитие возобновляемой энергетики. (deposited 04 Mar 2009 06:47)