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Russia’s Long-Term Macroeconomic Losses and Benefits from the Low-Carbon Development of the World and Domestic Energy Industry

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  • V. A. Malakhov

    (Energy Research Institute, Russian Academy of Sciences)

  • K. V. Nesytykh

    (Energy Research Institute, Russian Academy of Sciences)

Abstract

— The article examines the long-term multiplier effects of the low-carbon development of foreign markets and the energy industry in Russia. Based on a scenario approach, the sensitivity of the forecast dynamics of the Russian economy to perturbations of key FEC parameters is assessed. Calculations on the interindustry model showed that the slowdown of the global demand for energy resources, together with the reduction of investment in the fuel industries and the accelerated rise in the cost of electricity can hinder the development of the economy. This slowdown is not so critical, because it is partly compensated by increased capital investment in the electric power industry and an increase in the energy efficiency of production in the country under conditions of low-carbon development.

Suggested Citation

  • 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.
    • Handle: RePEc:spr:sorede:v:33:y:2022:i:4:d:10.1134_s1075700722040050
    DOI: 10.1134/S1075700722040050
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