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Financial Aspects of the Implementation of the Fourth Energy Transition

Author

Listed:
  • Zhanna A. Mingaleva

    (Perm National Research Polytechnic University, Perm 614990, Russian Federation; RANEPA, Moscow 119571, Russian Federation)

  • Maria V. Sigova

    (Anatoly Sobchak International Banking Institute, St. Petersburg 191023, Russian Federation; Moscow Institute of Physics and Technology, Dolgoprudny 141701, Moscow Region, Russian Federation)

Abstract

The key issue of successful implementation of any project, program or development strategy is the problem of sufficiency and timeliness of financing of all planned activities. The purpose of this study is to analyze the financial aspects of the implementation of the fourth energy transition in terms of assessing the potential and actual opportunities for financing various activities within the framework of the energy transition. The relevance of the topic of the article is determined by the fact that in the process of the energy transition carried out in the Western countries, primarily in the countries of the European Union, a contradiction has developed and is rapidly deepening between the main areas of financing of various groups of measures to implement the energy transition and the effectiveness of these investments. To achieve the goal of the study, traditional methods of economic analysis were used, including bibliographic, statistical, comparative and factor analysis, methods of graphical representation of data, as well as methods of formal and logical analysis. In the course of the study, the specifics of financing of the modern energy transition were investigated; an analysis of the main sources of financing was carried out, as well as an in-depth analysis of the features of financing activities to create new generating capacities and to achieve the goals of the European Green Deal. The authors identify the main problems and difficulties in financing of the energy transition, primarily related to the ability to accumulate financial resources in the required amount, to the achievement of economic efficiency of investment projects, as well as to the availability of sufficient funds for the implementation of major energy transitions.

Suggested Citation

  • Zhanna A. Mingaleva & Maria V. Sigova, 2022. "Financial Aspects of the Implementation of the Fourth Energy Transition," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 43-58, October.
    • Handle: RePEc:fru:finjrn:220503:p:43-58
    DOI: 10.31107/2075-1990-2022-5-43-58
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    References listed on IDEAS

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    Cited by:

    1. Sergey Zhironkin & Fares Abu-Abed, 2024. "Fossil Fuel Prospects in the Energy of the Future (Energy 5.0): A Review," Energies, MDPI, vol. 17(22), pages 1-25, November.
    2. Liudmila S. Kabir, 2024. "Tuning Climate Finance: Outcomes of COP28," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 8-26, April.
    3. Irina P. Dovbiy & Zhanna A. Mingaleva & Evgeniy E. Zhulanov, 2024. "Managing the Development of Regional Industrial Potential: Integrating Climate Finance into Investment Strategies," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 97-115, December.

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    More about this item

    Keywords

    energy transition; green energy; green economy; Green Deal investment plan; financing of energy transition programs;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects

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