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

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  • Valeriia Denisova

    (Department of Financial Markets and Banks, Financial University under the Government of the Russian Federation, Moscow, Russia)

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.

Suggested Citation

  • Valeriia Denisova, 2019. "Energy Efficiency as a Way to Ecological Safety: Evidence From Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 32-37.
    • Handle: RePEc:eco:journ2:2019-05-6
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    More about this item

    Keywords

    energy consumption; energy efficiency; carbon intensity; method of chain substitutions.;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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