The belt and road initiative (BRI) is a comprehensive megaproject, which includes numerous projects in the sphere of green energy. The effectiveness of these projects is often doubted. The article reveals the main mechanisms of green energy projects' influence on the economy and through the research of 8 BRI countries demonstrates the method of green energy projects efficiency estimation. China is considered to be the main driver for green energy proliferation in Asia, receiving economic benefits through its policy. The authors prove this to be right, but the effects for PRC differ in short and long-run periods. The main findings of the paper are that the BRI green energy dissemination is just the first step to building a tightly interconnected Asian energy infrastructure, and that the BRI least developed countries have less positive long-run effects from green energy investment, while in short-term they get a boost for their economies.
The aim of the study is to identify the role of the People's Republic of China in the activities of the organisation, based on the Chinese vision of its role in the Shanghai Cooperation Organisation as one of the ideological and philosophical leaders that determine its focus and ideology. In particular, China implements the principle of polycentrism in Eurasia and interstate partnership and promotes the idea of state-regulated economic globalisation. The methodology of this scientific research is based on the analytical method of studying the issues related to the topic of the scientific research. China proceeds from the concept of ensuring full sovereignty by the member states of the organisation, but against the backdrop of low development rates of national economies (up to 2-2.5%) and lack of awareness by countries of their national interests in the region, Chinese business will strengthen its expansion, relying on both the World Trade Organisation rules and using protectionist measures by absorbing ineffective business entities. China is guided by the principles of noninterference in the internal affairs of other states, while maintaining its socio-political model based on the fusion of the communist ideology and the traditional philosophical doctrines of China and the mentality of the country's population, excluding the democracy export policy, denying the desire for undivided hegemony and to rule the world community. This is confirmed by the main key elements of the People's Republic of China's foreign policy, determined by the Chinese leadership.
The development of the common energy markets and energy market innovations is a highly discussed topic, especially through the prism of the alternative energy. The Scandinavian countries are moving in both directions, at the same time, the EAEU countries are developing a single energy market, consisting of the four main sectors by the energy resource. The stages, pace and the institutional basis of the development of these two energy integration initiatives are different, due to similar climate conditions it is logical to suppose, they can be similar in some way. The article aims at comparing these energy markets, their dynamics, challenges and the possibility of institutional exchange. The main findings of the article include the proof that the comparison of the two markets by the financial and volume indicators is impossible, still institutional exchange is possible, moreover, enables them to solve several traditionally difficult problems. The practical importance of the article comprises the offered methodology of research through the developed synergy index, the recommendations for the EAEU and the Scandinavian countries. The novelty of the article is characterized by the institutional approach to the energy market, allowing to reveal its intrinsic characteristics -the energy flow between the institutional members and the regulative framework.
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