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Adapting Innovation Development Management Processes to Improve Energy Efficiency and Achieve Decarbonization Goals

Author

Listed:
  • Alexander Melnik

    (Kazan Federal University (Russia))

  • Irina Naoumova

    (University of Hartford (United States))

  • Kirill Ermolaev

    (Kazan Federal University (Russia))

Abstract

The study focuses on problems of decarbonization as a systemic priority for innovative changes in the national economy in times of new global challenges. The research hypothesis confirms dual effects within the triad of innovation energy efficiency decarbonization, when every item is affected by two others. We used econometric models to test them on the data from 83 Russian regions from 2016 to 2020. The revealed effects are critical for developing a conceptual framework for adjusting managerial goals to focus on energy efficiency and decarbonization in Russian economy. The paper contains suggestions for Russian regions for incorporating the triad approach in their plans for energy efficiency and decarbonization. This paper adds value to understanding of relationships within the triad. It also has practical value for practitioners aiming at improving the sustainability of national economies. Importantly, our findings could be used by countries of different levels of economic development and with different combinations of energy sources in achieving goals in decarbonization or carbon neutrality for their economies.

Suggested Citation

  • Alexander Melnik & Irina Naoumova & Kirill Ermolaev, 2023. "Adapting Innovation Development Management Processes to Improve Energy Efficiency and Achieve Decarbonization Goals," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 17(1), pages 51-66.
    • Handle: RePEc:hig:fsight:v:17:y:2023:i:1:p:51-66
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    References listed on IDEAS

    as
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    3. Tifang Ye & Xiuli Xiang & Xiangyu Ge & Keling Yang, 2022. "Research on Green Finance and Green Development Based Eco-Efficiency and Spatial Econometric Analysis," Sustainability, MDPI, vol. 14(5), pages 1-29, February.
    4. David Popp, 2002. "Induced Innovation and Energy Prices," American Economic Review, American Economic Association, vol. 92(1), pages 160-180, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovative development; improving energy efficiency; decarbonization; dual influence effects; managing energy system transition;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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