The Fuel and Energy Complex of Russia: Analyzing Energy Efficiency Policies at the Federal Level

Svetlana Vladislavlevna Lobova, Aleksei Valentinovich Bogoviz, Yulia Vyacheslavovna Ragulina, Alexander Nikolaevich Alekseev

Abstract


The paper critically reviews Russia’s energy efficiency policies in the fuel and energy complex, one of the most important parts of the economy of Russia, since 2012 till 2016. Since Russia’s economy is very energy intensive and has a great potential of increasing its energy efficiency, the role of such policies in the fuel and energy complex is of the highest importance. The paper, first of all, comprehensively reviews overall goals and priorities of energy efficiency in the fuel and energy complex of Russia, devoting special attention to the government management system, technological regulations, financial incentives and funding, as well as supporting mechanisms. Second, the paper analyzes energy efficiency performance in the fuel and energy complex of Russia on the basis of the official methodology used by the Ministry of Energy of Russia. Third, the paper critically reviews both the legal and strategic framework of energy efficiency policies in Russia and the methodology used by the Ministry of Energy to evaluate energy efficiency performance, with the purpose of providing valuable recommendations that would further develop energy efficiency policies in the fuel and energy complex of Russia.

Keywords: energy efficiency, fuel and energy complex, Russia

JEL Classifications: Q43, Q48, E60, E65, O10

DOI: https://doi.org/10.32479/ijeep.7182


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