Energy Transition Investments and Financing Instruments
https://doi.org/10.21686/2073-1051-2021-1-100-114
Abstract
International organizations representing the interests of energy-deficient developed countries are urging to solve the problem of global warming through the Energy Transition, which implies decarbonization of the world economy. The implementation of the Energy Transition requires annual investments of 3% of world GDP in energy efficiency, renewable energy, electric vehicles, etc. In 2020, despite the acceleration of dynamics, the volume of world investments was more than 5 times lower than required. The leaders in investments in clean energy are the technologically developed countries of Europe, the USA, Japan, as well as developing countries – China and Brazil, striving for technological independence. In order to expand its presence in the promising market for low carbon technologies, the EU pays special attention to innovations in the field of clean energy, financing them through the Innovation Fund. To prevent Russia’s technological backwardness and reduce the carbon footprint of export products, it is advisable to envisage the possibility of state support for innovative projects in the field of clean energy from the Climate Fund.
About the Authors
N. V. Bahtizina
Federal State Budgetary Institution of Science of the Central Economics and Mathematics Institute of the Russian Academy of Sciences
Russian Federation
Russian Federation
BAHTIZINA Nafisa V. - Cand. Sc. (Econ.), Senior Researcher
47, Nakhimovsky Av., Moscow, 117418
A. R. Bahtizin
Federal State Budgetary Institute of Science Central Institute of Economics and Mathematics of the Russian Academy of Sciences
Russian Federation
Russian Federation
BAKHTIZIN Albert R. - Dr. Sc. (Econ.), Corresponding Member of the RAS, Head
47, Nakhimovsky Av., Moscow, 117418
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Review
For citations:
Bahtizina N.V., Bahtizin A.R. Energy Transition Investments and Financing Instruments. Federalism. 2021;(1):100-114. (In Russ.) https://doi.org/10.21686/2073-1051-2021-1-100-114
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