Regulations for Efficiency Assessment of Investment Projects in the Energy Sector: Brief Overview and Comparative Analysis

Karaeva, Anzhelika; Magaril, Elena; Al-Kayiem, Hussain H.

doi:10.2495/epm220041

Cited by 6 publications

(3 citation statements)

References 9 publications

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“…The most important financial instruments used to support renewable energy include tax incentives, quota obligations with green certificates, feed-in tariffs, feed-in premiums, tendering schemes, grants and investment subsidies, loan guarantees, and soft loans [42]. EC tightens the requirements for the evaluation and selection of investment projects in the energy sector: environmental indicators of projects come to the fore; therefore, preference is given to green energy projects [43]. In addition, the governments of the EU Member States stimulate both energy producers and their end users, which gives a double impetus to the development of the industry: in addition to the growth of supply, the demand for green energy is also increasing.…”

Section: Renewable Energy Policy In the European Unionmentioning

confidence: 99%

“…The main instruments of state support for the development of renewable energy in Russia are: subsidizing interest rates on loans attracted for the development of production to enterprises producing energy from RES [33,47]; state financing of research and pilot projects in the field of renewable energy [33]; support for the implementation of investment projects in the field of renewable energy with a capacity; introduction of obligations for grid companies to purchase electricity from qualified renewable energy facilities at regulated tariffs for the purpose of compensation of losses [50]; compensation of technological connection to the electric networks of qualified renewable energy facilities from their federal budget [33,50]; and improvement of approaches to the evaluation and selection of investment projects in the field of renewable energy [43].…”

Section: Renewable Energy Policy In Russiamentioning

confidence: 99%

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Review and Comparative Analysis of Renewable Energy Policies in the European Union, Russia and the United States

Karaeva¹,

Magaril²,

Al-Kayiem³

2023

IJEPM

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The activity of the world community in the field of climate and environmental conservation is increasing every year. The Paris Agreement, signed in 2015 by the majority of governments, and the additional goals set on COP26 in 2021 set the objectives of maximum reduction of greenhouse gas emissions into the atmosphere and the transition to renewable energy sources (RES). Consequently, the energy sector, as the largest sector of the world economy and the largest environmental polluter, is undergoing the greatest change. The development and implementation of an effective policy in the field of RES, which is part of the energy development strategy, is one of the factors of renewable energy market's rapid development and stimulating the transition to clean energy. However, despite the measures taken by the world community to reduce the environmental impact of the energy sector and the development of renewable energy, the volume of greenhouse gas emissions continues to show an upward trend: from 2000 to 2021, the volume of CO2 emissions produced by the power sector increased by 74.7%. This trend might be associated with a low level of elaboration of the current renewable energy policy, with barriers to the development of the renewable energy market or with the specifics of the energy sector. The purpose of this study is to review and analyze renewable energy policies in the European Union, Russia, and the United States in order to identify specific approaches to the development of renewable energy, key tools, and barriers. The current state of the energy sectors of the considered countries was analyzed, their features were identified, and a review as well as a comparative analysis of their renewable energy policies were conducted.

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Section: Renewable Energy Policy In the European Unionmentioning

confidence: 99%

Section: Renewable Energy Policy In Russiamentioning

confidence: 99%

Review and Comparative Analysis of Renewable Energy Policies in the European Union, Russia and the United States

Karaeva¹,

Magaril²,

Al-Kayiem³

2023

IJEPM

View full text Add to dashboard Cite

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“…ISO 14055-1:2017 presents approaches to land management that minimize the negative impact on soil resources, and ISO/TR 15055-2: contains regional studies relevant by 2022 that can help organizations implement an effective land management system. A separate standard has also been developed for assessing the impact on water resources - The main disadvantage of the proposed group of standards is the lack of a unified methodology with a list of indicators for conducting LCA and LCIA and their connection with the investment projects and Circular Economy concepts [26,27].…”

Section: Life Cycle Assessmentmentioning

confidence: 99%

Family ISO 14000 standards as a tool of achieving environmental sustainability of enterprises

Karaeva

Tolkou

Cioca

et al. 2023

IOP Conf. Ser.: Earth Environ. Sci.

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Environmental sustainability and its achievement at the national level is one of the key strategic development goals for most countries who are the largest environmental pollutants. Environmental sustainability implies the maximum possible reduction of negative environmental impact through the development of green energy, the increase in energy efficiency, the rational use of natural resources, the introduction of the principles of circular economy and increasing public awareness of environmental protection and climate conservation. There are many administrative tools to encourage enterprises worldwide to switch to a more environmentally friendly direction of its operating and development, among which is the introduction of international standards and subsequent certification of the enterprises. In addition to such obvious advantages as the introduction of effective environmental management systems, compliance with requirements in the field of environmental audit and monitoring, certification allows to increase credibility in the face of consumers and partners that leads to a favorable reputational effect. The objective of this study is to review and analyze the family ISO 14000 standards and assess their role in achieving environmental sustainability of enterprises. The authors determined the degree of influence of groups of standards on the achievement of environmental sustainability and identified their benefits and drawbacks.

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Energy Security: New Threats and Solutions

2023

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The article presents the conceptual features of energy security management under a radically changed context, increasing crisis phenomena, and threats of various natures. The authors substantiate the claim that energy security is a complex category, which expresses the ability of the fuel and energy complex of the region to supply the required amount and range of energy resources to the domestic market at stable and reasonable prices; to promptly mitigate unexpected fluctuations in demand for fuel and energy resources; and to ensure uninterrupted energy supply and energy carrier parameters in real time. Based on an analysis of scientific publications and practical energy security models, the authors developed theoretical provisions, methodological principles, and management tools for energy security that meet modern requirements. In particular, the authors developed the terminological apparatus and identified the types and forms of modern energy threats and risks. The authors analyzed the impact of structural shifts in the electric power industry on the cost of electricity. The authors proposed a set of measures to neutralize negative scenarios in the field of energy security, which had appeared because of geopolitical factors, structural changes in the economy, and high volatility in energy prices. In addition, the authors considered the impact of the transition to low-carbon energy production on energy security, and developed the organizational and technical concept of the energy transition, which aimed to provide energy systems and individual energy facilities with properties of self-protection from emerging threats. The results of the study are of practical interest in the development of regional energy policy, plans, and specific actions that aim to ensure energy security in a turbulent global environment.

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Regulations for Efficiency Assessment of Investment Projects in the Energy Sector: Brief Overview and Comparative Analysis

Cited by 6 publications

References 9 publications

Review and Comparative Analysis of Renewable Energy Policies in the European Union, Russia and the United States

Review and Comparative Analysis of Renewable Energy Policies in the European Union, Russia and the United States

Family ISO 14000 standards as a tool of achieving environmental sustainability of enterprises

Energy Security: New Threats and Solutions

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