National Interests: Priorities and Security
 

The modern development level of eco-innovation in energy-intensive sectors of economy: Evidence from power engineering

Vol. 14, Iss. 6, JUNE 2018

Received: 14 May 2018

Received in revised form: 29 May 2018

Accepted: 7 June 2018

Available online: 15 June 2018

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: O18, O33, Q42

Pages: 1135–1150

https://doi.org/10.24891/ni.14.6.1135

Almastyan N.A. Kuban State University, Krasnodar, Russian Federation
nairuhi.almastyan@gmail.com

ORCID id: not available

Ratner S.V. V.A. Trapeznikov Institute of Control Sciences, Russian Academy of Sciences, Moscow, Russian Federation
lanaratner@ipu.ru

ORCID id: not available

Importance The article analyzes results of the power generating capacity upgrade program under power purchase agreements from perspectives of implementing eco?innovation and determination of factors impeding a more active use of the best-in-class power engineering technologies.
Methods The theoretical framework for the research rests upon the theory of eco?innovation. The dataset comprises regulatory, legislative and analytical documents of the RF Ministry of Energy, and corporate reports of power engineering companies. I apply the case study approach and method of feasibility study.
Results As the results show, more expensive investment projects for coal power equipment had worse or at least ambiguous environmental effects than less costly projects for steam gas equipment. The unavoidable use of the existing power infrastructure is the main impediment for the Russian power engineering enterprises to implement eco-innovation at the current level of technological development.
Conclusions and Relevance The findings can prove useful to articulate criteria to select investment projects as part of the DMP-shtrikh program approved at the Russian Presidential Meeting on November 2017 and discussed by the State Duma, RF Government and community of experts.

Keywords: eco-innovation, power engineering, environmental management, external effect, environmental effects

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