CHOOSING THE RIGHT PATH FOR ENERGY EFFICIENCY IN RUSSIA
To effectively achieve energy efficiency, a number of factors should be considered: the degree of price liberalization, changes to regulation, devising an incentive system to spur the deployment of advanced technologies, and managing environmental factors – just to name a few. All the while policymakers must also recognize the cost-benefits and potentially painful process of retooling industrial sectors, modernizing systems, and jobs restructuring. Thus, an effective policy requires skilful management and close coordination from both the public and private sectors. What are the critical next steps in shoring up Russia’s competitiveness in terms of energy efficiency, and what are the realistic time frames in instituting measures? How might the experience of the US, Germany and China inform Russia’s strategy, and to what are the limitations to foreign approaches as it applies to the Russian context?
