Socio-economic and environmental effects of renewable energy policy in Russia
by Irina Grechukhina
International Journal of Foresight and Innovation Policy (IJFIP), Vol. 15, No. 1/2/3, 2021

Abstract: The development of renewable energy is associated with a number of economic and non-economic effects, such as, inter alia, reduction of greenhouse gas emissions, substitution of fossil fuels, improvement of trade balance, creation of high-tech production with a high share of added value, job creation, reduction of electricity prices on the wholesale market, growth of budget revenues etc. This article presents a theoretical and methodological approach to assess these effects for the case with the commissioning of 5.9 GW of new renewable energy capacity in Russia (2.5% of the national electricity mix) as a result of the implementation of the state renewable support program.

Online publication date: Mon, 13-Sep-2021

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