Innovations in the instruments for implementing state policy on sustainable development in the field of renewable energy in China and Russia
https://doi.org/10.35854/1998-1627-2025-5-672-682
Abstract
Aim. The work aimed to develop new instruments of state policy for sustainable development that meet modern challenges and are aimed at increasing the efficiency of renewable energy projects in Russia and China.
Objectives. The work seeks to identify the main differences in the state policy for sustainable development of Russia and China; determine the promising areas of cooperation between these countries in the field of renewable energy; substantiate the possibility of developing and applying innovative instruments of state policy for sustainable development in the field under consideration.
Methods. The study employed comparative analysis, economic and mathematical modeling, as well as principles of implementing a joint auction platform. Comparative analysis was used to identify differences in the set of mechanisms used to implement state policy for sustainable development in Russia and China. Using economic and mathematical modeling, a pricing model for renewable energy was created. Cross-border management of renewable energy can be implemented by generating a cross-border traceability system for green energy based on blockchain, the Vickrey – Clarke – Groves (VCG) joint auction platform, and a system of mutual recognition of technical standards.
Results. Innovative government regulation instruments contribute to the growth of the efficiency of cross-border transactions in the field of green energy, shorten the product certification cycle, and increase the effectiveness of the integration of digital technologies.
Conclusions. The innovative instruments and programs of state regulation proposed in the study are aimed at strengthening cross-border energy cooperation and global carbon neutrality management.
About the Author
Yu Hu
Lomonosov Moscow State University
Russian Federation
Competing Interests:
Russian Federation
Yu Hu, postgraduate student
1 Leninskie Gory, Moscow 119991
Competing Interests:
The authors declare no conflict of interest related to the publication of this article
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Review
For citations:
Hu Yu. Innovations in the instruments for implementing state policy on sustainable development in the field of renewable energy in China and Russia. Economics and Management. 2025;31(5):672-682. (In Russ.) https://doi.org/10.35854/1998-1627-2025-5-672-682
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