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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 -

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 DevelopmentO - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary ProductsQ - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable DevelopmentP - Economic Systems > P2 - Socialist Systems and Transitional Economies > P28 - Natural Resources ; Energy ; Environment-





Autor: Bazhanov, Andrei

Fuente: https://mpra.ub.uni-muenchen.de/13702/







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