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Clean Energy in the EAEU in the Context of Sustainable Development: Compliance and Prospects

Author

Listed:
  • Natalia A. Sadovnikova

    (Department of Statistics, Plekhanov Russian University of Economics, Moscow, Russia,)

  • Valery L. Abramov

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

  • Andrey A. Ogryzov

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

  • Olga A. Makhova

    (Department of Statistics, Plekhanov Russian University of Economics, Moscow, Russia,)

Abstract

Clean energy today is in the focus of attention of the global community. The development of this field is vitally important for preserving natural heritage and reducing budget expenditures. The case of the EAEU is very interesting for research, since its member countries rely on conventional energy sources from Russia and Kazakhstan, which are cheaper than the production of clean energy. The authors examined the legislative framework of the EAEU countries and compared it with the 2030 Agenda for Sustainable Development, identifying their similarity. The authors introduced a method for assessing integration tightness, which allowed to divide the EAEU countries into two groups according to the extent of their integration in the EAEU. The other important finding based on a statistical analysis of the countries cooperation in the field of clean energy is that the EAEU takes nearly no actions in this direction, therefore, clean energy is not important enough in the EAEU. Another result of the statistical study is the fact that none of the EAEU countries, except Armenia, will achieve the 2030 Agenda s goals in the field of clean energy. The authors developed the Index of green potential usage and proposed clean energy development strategy for the EAEU.

Suggested Citation

  • Natalia A. Sadovnikova & Valery L. Abramov & Andrey A. Ogryzov & Olga A. Makhova, 2020. "Clean Energy in the EAEU in the Context of Sustainable Development: Compliance and Prospects," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 272-280.
    • Handle: RePEc:eco:journ2:2020-05-32
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    References listed on IDEAS

    as
    1. Igbal A. Guliyev & Elnur T. Mekhdiev, 2017. "The Role of Fuel and Energy Sector in the Eurasian Economic Community Integration Process," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 72-75.
    2. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
    3. Vladimir Mau, 2011. "Central Planning in the Soviet System," Working Papers 0031, Gaidar Institute for Economic Policy, revised 2012.
    4. Mark Harrison, 2014. "The Fundamental Problem of Command: Plan and Compliance in a Partially Centralized Economy," World Scientific Book Chapters, in: THE ECONOMICS OF COERCION AND CONFLICT, chapter 10, pages 305-323, World Scientific Publishing Co. Pte. Ltd..
    5. Victoria V. Perskaya, 2020. "The Comparison of the Energy Markets of the EAEU and the Scandinavian Countries: Best Practices for the Energy Integration," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 81-88.
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    Cited by:

    1. Denis A. Lavrov & Svetlana V. Karpova & Vladimir I. Avdiyskiy & Svetlana E. Dubova & Svetlana V. Makar & Natalia A. Barmenkova & Nataliya A. Kazakova & Nikolay P. Kushchev, 2021. "Green Electricity and Heat Generation in Canada: Implications for Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 280-289.

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    More about this item

    Keywords

    Clean energy; EAEU; 2030 Agenda; sustainable development; energy market;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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