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Prospects of Renewable Energy Sources: The Case Study of the BRICS Countries

Author

Listed:
  • Marina Simonova

    (Moscow State Institute of International Relations (MGIMO University), Moscow, Russia)

  • V.E. Zakrahov

    (Ministry of Foreign Affairs of Russia, Moscow, Russia,)

  • I. Mamiy

    (Moscow State University, Moscow, Russia.)

Abstract

The paper aims to analyze renewable energies consumption in the BRICS, given structural differences in production and consumption of energy forms, as well as development outlook study of renewable energies in Russia. New and innovative solutions are essential to provide sustainable energy supplies and security amid successful integration of emerging countries in the global economic system. The issue becomes extremely relevant in the context of, firstly, increasing regionalization, secondly, intense global competition, thirdly, pressing challenges of energy resource efficiency and high intensity of energy comparative production. Through comparative analysis the authors study the current state and development outlook of the energy sector in the BRICS, identify the most perspective directions of Fuel and Energy System development. The shift towards the renewable energy sources (RES) strategy in Russia would be driven by flexibility of the state support mechanisms, the investment rate in the sector, territorial and economic feasibility of RES consumption, better channelled innovative technologies and best practices of the BRICS to the Russian economy.

Suggested Citation

  • Marina Simonova & V.E. Zakrahov & I. Mamiy, 2019. "Prospects of Renewable Energy Sources: The Case Study of the BRICS Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 186-193.
    • Handle: RePEc:eco:journ2:2019-05-21
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    References listed on IDEAS

    as
    1. Arent, Douglas & Arndt, Channing & Miller, Mackay & Tarp, Finn & Zinaman, Owen (ed.), 2017. "The Political Economy of Clean Energy Transitions," OUP Catalogue, Oxford University Press, number 9780198802242.
    2. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447.
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    Cited by:

    1. Muhammad Nouman Shafiq & Faseeh ur Raheem & Alina Ahmed, 2020. "Does Adaptation of Renewable Energy and Use of Service Industry Growth Diminution CO2 Emissions: Evidence of ASEAN Economies," iRASD Journal of Energy and Environment, International Research Association for Sustainable Development (iRASD), vol. 1(2), pages 61-71, December.
    2. Ivan Trifonov & Dmitry Trukhan & Yury Koshlich & Valeriy Prasolov & Beata Ślusarczyk, 2021. "Influence of the Share of Renewable Energy Sources on the Level of Energy Security in EECCA Countries," Energies, MDPI, vol. 14(4), pages 1-15, February.

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    More about this item

    Keywords

    renewable energy sources; BRICS; energy security; energy resource efficiency.;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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