Efficiency of Low-Carbon Technologies Implementation at Non-Ferrous Metallurgy Enterprises under the Conditions of Carbon-Regulation Development in Russia

Abstract

Carbon markets are highly relevant to the need to regulate man-made greenhouse gas emissions. As the world faces the dangerous effects of global warming, reducing greenhouse gas emissions has become a critical priority for governments, corporations and individuals around the world. Carbon markets offer a way to incentivize and encourage emissions reductions and facilitate a smooth transition to a low-carbon economy. Low-carbon development is possible by building transparent and understandable organizational and economic conditions for the operation of carbon regulation. This article considers the feasibility of introducing energy-efficient technologies at Polymetal International PLC enterprises located in Khabarovsk region, engaged in the mining and processing of non-ferrous and precious metals (gold, silver and copper) in light of the country’s growing attention to the regulation of carbon dioxide emissions. The objective of this study is to model the organizational and economic conditions of the carbon market and estimate the economic and climate outcomes from the implementation of energy-efficient technologies at Polymetal International PLC. This study analyzes the current energy-consumption structure of non-ferrous metallurgy enterprises in Russia and identifies potential areas for the use of energy-efficient technologies. An important aspect is the assessment of government policies and incentives that could facilitate the introduction of low-carbon technologies. It is important to assess the impact of prospective carbon-management plans in Russia on the economic performance of steel companies. The results of this study suggest that the introduction of low-carbon technologies has the potential to significantly reduce energy consumption, lower operating costs and reduce carbon dioxide emissions from non-ferrous metal companies in Russia. However, the successful implementation of these technologies will require significant investment, stakeholder cooperation and political support from the Russian government.