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Technological Progress Opportunities in the Energy Sector of Russia

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  • A. A. Makarov

    (Energy Research Institute, Russian Academy of Sciences)

Abstract

Based on the scenarios [1] for the transition of world energy in the period up to 2040 to a new technological base, a study was made of its implications for energy and the economy of Russia. The damage from the declining export of Russian fuel due to the acceleration of technological progress (TP) in the global energy sector, as well as possible direct and multiplicative effects of its achievements in the energy sector of Russia1 are estimated. It is shown that with accelerated TP and the dynamics of domestic energy consumption obtained in the conservative scenario, it is possible to almost double the growth rate of the country’s gross domestic product (GDP). The required financial and economic conditions and measures for restructuring the fuel and energy complex2 are determined, so that the acceleration of TP in the energy sector could not only compensate for the expected decline in revenue from fuel exports, but almost double the growth rate of Russian GDP.

Suggested Citation

  • A. A. Makarov, 2020. "Technological Progress Opportunities in the Energy Sector of Russia," Studies on Russian Economic Development, Springer, vol. 31(1), pages 52-63, January.
    • Handle: RePEc:spr:sorede:v:31:y:2020:i:1:d:10.1134_s1075700720010086
    DOI: 10.1134/S1075700720010086
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    References listed on IDEAS

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    1. A. Yu. Kolpakov, 2018. "The Impact of the Fuel and Energy Complex on the Economic Development of Russia," Studies on Russian Economic Development, Springer, vol. 29(6), pages 665-672, November.
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    Cited by:

    1. Wadim Strielkowski & Anna Sherstobitova & Patrik Rovny & Tatiana Evteeva, 2021. "Increasing Energy Efficiency and Modernization of Energy Systems in Russia: A Review," Energies, MDPI, vol. 14(11), pages 1-19, May.
    2. Ibragim Ramisovich Magomedov, 2020. "Factor analysis of Russian oil and petroleum products exports under current conditions," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 7, pages 119-134, July.
    3. A. Yu. Kolpakov, 2020. "Energy Efficiency: Its Role in Inhibiting Carbon Dioxide Emissions and Defining Factors," Studies on Russian Economic Development, Springer, vol. 31(6), pages 691-699, November.
    4. O. V. Zhdaneev & P. Yu. Sorokin, 2021. "On the Support of the Oilfield Service in the Russian Federation," Studies on Russian Economic Development, Springer, vol. 32(5), pages 571-578, September.
    5. V. A. Malakhov & K. V. Nesytykh, 2022. "Russia’s Long-Term Macroeconomic Losses and Benefits from the Low-Carbon Development of the World and Domestic Energy Industry," Studies on Russian Economic Development, Springer, vol. 33(4), pages 392-401, August.
    6. Mohammed Shakib, 2023. "Innovation-Export Diversification Nexus in Russian Regions: Does Trade Globalization, Business Potential and Geopolitics Matter?," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(4), pages 932-974.

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