Title: Socio-economic and environmental effects of renewable energy policy in Russia

Authors: Irina Grechukhina

Addresses: German-Russian Economic Chamber (AHK), Business-Center Fili Grad, Beregovoy Proezd 5A K1, Floor 17, 121087 Moscow, Russian Federation

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.

Keywords: renewable energy; energy costs; energy potentials; energy strategies; CO₂ emission; Russia.

DOI: 10.1504/IJFIP.2021.117559

International Journal of Foresight and Innovation Policy, 2021 Vol.15 No.1/2/3, pp.157 - 170

Received: 02 Oct 2020
Accepted: 22 Nov 2020
Published online: 13 Sep 2021 *