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Green Energy for Belt and Road Initiative: Economic Aspects Today and in the Future

Author

Listed:
  • Natalia A. Chernysheva

    (Department of International Economic Relations and Foreign Economic Affairs, Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, MGIMO University, Moscow, Russia)

  • Victoria V. Perskaya

    (Institute for Research of International Economic Relations, Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Alexander M. Petrov

    (Department of Accounting, Account Analysis and Audit, Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Anna A. Bakulina

    (Department of Corporate Finance and Corporate Governance, Financial University under the Government of the Russian Federation, Moscow, Russia)

Abstract

The Belt and Road Initiative (BRI) is a comprehensive megaproject, which includes numerous projects in the sphere of green energy. The effectiveness of these projects is often doubted. The article reveals the main mechanisms of green energy projects influence on the economy and through the research of 8 BRI countries demonstrates the method of green energy projects efficiency estimation. China is considered to be the main driver for green energy proliferation in Asia, receiving economic benefits through its policy. The authors prove this to be right, but the effects for PRC differ in short and long-run periods. The main findings of the paper are that the BRI green energy dissemination is just the first step to building a tightly interconnected Asian energy infrastructure, and that the BRI least developed countries have less positive long-run effects from green energy investment, while in short-term they get a boost for their economies.

Suggested Citation

  • Natalia A. Chernysheva & Victoria V. Perskaya & Alexander M. Petrov & Anna A. Bakulina, 2019. "Green Energy for Belt and Road Initiative: Economic Aspects Today and in the Future," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 178-185.
    • Handle: RePEc:eco:journ2:2019-05-20
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    References listed on IDEAS

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    1. Hongze Li & FengYun Li & Xinhua Yu, 2018. "China’s Contributions to Global Green Energy and Low-Carbon Development: Empirical Evidence under the Belt and Road Framework," Energies, MDPI, vol. 11(6), pages 1-32, June.
    2. Sucharita Gopal & Joshua Pitts & Zhongshu Li & Kevin P. Gallagher & James G. Baldwin & William N. Kring, 2018. "Fueling Global Energy Finance: The Emergence of China in Global Energy Investment," Energies, MDPI, vol. 11(10), pages 1-25, October.
    3. Xiaoyang Sun & Baosheng Zhang & Xu Tang & Benjamin C. McLellan & Mikael Höök, 2016. "Sustainable Energy Transitions in China: Renewable Options and Impacts on the Electricity System," Energies, MDPI, vol. 9(12), pages 1-20, November.
    4. Arman Aghahosseini & Dmitrii Bogdanov & Christian Breyer, 2017. "A Techno-Economic Study of an Entirely Renewable Energy-Based Power Supply for North America for 2030 Conditions," Energies, MDPI, vol. 10(8), pages 1-28, August.
    5. Abdul Rauf & Xiaoxing Liu & Waqas Amin & Ilhan Ozturk & Obaid Ur Rehman & Suleman Sarwar, 2018. "Energy and Ecological Sustainability: Challenges and Panoramas in Belt and Road Initiative Countries," Sustainability, MDPI, vol. 10(8), pages 1-21, August.
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    Cited by:

    1. Ghani Albaali & Mohammed Issa Shahateet & Hussam-edin Daoud & Abdul Ghafoor Saidi, 2021. "Economic and Environmental Impact of Construction and Demolition in Green Buildings: A Case Study of Jordan," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 22-28.
    2. Armenia Androniceanu & Oana Matilda Sabie, 2022. "Overview of Green Energy as a Real Strategic Option for Sustainable Development," Energies, MDPI, vol. 15(22), pages 1-35, November.
    3. Gürel, Burak & Kozluca, Mina, 2022. "Chinese investment in Turkey: the Belt and Road Initiative, rising expectations and ground realities," LSE Research Online Documents on Economics 113841, London School of Economics and Political Science, LSE Library.
    4. Olga V. Panina & Stanislav E. Prokofiev & Natalia A. Barmenkova & Natalia L. Krasyukova & Nikolay P. Kushchev, 2020. "Prospects of Nuclear Energy Development in Asia: Comparison with Green Energy," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 123-131.

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    More about this item

    Keywords

    BRI; green energy; energy; Asian region; China;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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