Sedash T.N.Financial University under Government of Russian Federation, Moscow, Russian Federation t_sedash@mail.ru
Importance The paper covers the issues of content and principles of operation of the financial mechanism for energy conservation and energy efficiency. Objectives The paper aims to reveal the content and principles of the financial mechanism for energy efficiency and conservation through the relationship between financial instruments, financing methods, government regulation and information management. Methods For the study, I used formal logic and a systems approach. The paper provides a comparative analysis of the Russian and foreign practices and experience in energy efficiency and conservation. Results The paper clarifies the concept and sets up principles of the financial mechanism with respect to energy conservation and energy efficiency. As well, the paper identifies global trends in the financial mechanism and proposes new instruments for financing energy conservation and efficiency for use in domestic practice. It offers recommendations for the development of information management and the strengthening of organizational structures for energy efficiency. Conclusions The paper concludes that Russia does not currently take into account the multiple benefits of energy efficiency, nor does it monitor and evaluate them properly.
Keywords: financial mechanism, energy saving, energy efficiency, tools, financing method
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