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Energy Efficiency Assessment of Copper Producers: Theory and Practice

Author

Listed:
  • Vadim V. Krivirotov

    (Ural Federal University named after the first President of Russia Boris N. Yeltsin)

  • Aleksey V. Kalina

    (Ural Federal University named after the first President of Russia Boris N. Yeltsin)

  • Anastasiya I. Savelyeva

    (Ural Federal University named after the first President of Russia Boris N. Yeltsin)

Abstract

The paper focuses on the study of energy efficiency as a factor in the development of modern so? cioeconomic systems. Energy efficiency is considered to be a basis for the green economy model widely implemented in the developed countries. The purpose of the research is to compare current state of large Russian metallurgical companies with their leading world rivals, and reveal problems and opportuni? ties in this sphere. The object of the research is the Ural Mining Metallurgical Company specialising predominantly in production of copper and copper products. The authors apply a method of time series analysis that involves the comparison of energy efficiency of copper producers according to the selected and justified list of energy efficiency indicators of a production complex. The findings of the research suggest that the Ural Mining Metallurgical Company significantly lags behind the leading copper pro? ducers in a number of key indicators of energy efficiency. The research proves that the utilized methodol? ogy is applicable and useful in attaining strategic development goals and improving energy efficiency of the Russian production complexes

Suggested Citation

  • Vadim V. Krivirotov & Aleksey V. Kalina & Anastasiya I. Savelyeva, 2018. "Energy Efficiency Assessment of Copper Producers: Theory and Practice," Journal of New Economy, Ural State University of Economics, vol. 19(5), pages 107-116, October.
    • Handle: RePEc:url:izvest:v:19:y:2018:i:5:p:107-116
    DOI: 10.29141/2073-1019-2018-19-5-8
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    References listed on IDEAS

    as
    1. Xu, X.Y. & Ang, B.W., 2013. "Index decomposition analysis applied to CO2 emission studies," Ecological Economics, Elsevier, vol. 93(C), pages 313-329.
    2. Bin Su & B. W. Ang, 2012. "Structural Decomposition Analysis Applied To Energy And Emissions: Aggregation Issues," Economic Systems Research, Taylor & Francis Journals, vol. 24(3), pages 299-317, March.
    3. Su, Bin & Ang, B.W., 2012. "Structural decomposition analysis applied to energy and emissions: Some methodological developments," Energy Economics, Elsevier, vol. 34(1), pages 177-188.
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    More about this item

    Keywords

    copper industry; green economy; low-carbon development; energy efficiency; industrial system; energy efficiency indicators; comparative assessment.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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