Energy Efficiency as a Way to Ecological Safety: Evidence From Russia

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Abstract

The paper proposes the link between effective use of energy and reduction of carbon emissions at the case of Russia. A number of energy efficiency indicators are reviewed and calculated. Deterministic analysis is conducted to identify what factors influence carbon intensity the most. The analysis has shown that increasing energy intensity causes a much greater increase in carbon intensity. This paper adopts the method of chain substitutions to calculate the contribution of each factor to the changes in the carbon intensity over a period of time. Therefore, it must be the ultimate goal to achieve a sustainable economy by consuming less energy which in its turn will lead to less CO2 emission.

Keywords: energy consumption, energy efficiency, carbon intensity, method of chain substitutions.

JEL Classifications: Q40, Q43, O44, O52

DOI: https://doi.org/10.32479/ijeep.7903

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Author Biography

Valeriia Denisova, Financial University under the Government of the Russian Federation

Department of financial markets and banks, Laborant

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Published

2019-07-23

How to Cite

Denisova, V. (2019). Energy Efficiency as a Way to Ecological Safety: Evidence From Russia. International Journal of Energy Economics and Policy, 9(5), 32–37. Retrieved from https://econjournals.com/index.php/ijeep/article/view/7903

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Articles