GREEN ELECTRICITY AND HEAT GENERATION IN CANADA: IMPLICATIONS FOR RUSSIA

Denis A Lavrov,Svetlana E Dubova,Vladimir I Avdiyskiy,Svetlana V Karpova

doi:10.32479/ijeep.10972

Denis A Lavrov, Svetlana E Dubova + Show 2 more

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https://doi.org/10.32479/ijeep.10972

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Abstract

Today, green energy is a new key feature of the energy sectors in developed and dynamically developing economies. It can stimulate the development of small and medium-sized businesses, greatly impacts on nature conservation and generates a strong technological impulse. Canada is known as one of the countries with a highly developed green energy and is considered to use most of its resources efficiently. Russia possesses significant reserves of natural resources and has high potential in the field of green energy production; however, the share of green energy in its energy balance is not high. The authors have compared Canada and Russia in terms of climatic conditions, financial situation, potential for green energy and social attitudes towards green energy, and demonstrated the similarity of the two countries. Having conducted a regression analysis of green energy production, the authors have further analyzed the regional potential for green energy development by comparing energy prices and proved that green energy is cheaper in Canada. Based on the obtained results, the authors have developed a system of recommendations for Russia in the field of green electricity and for both countries in the field of green heating. The main findings include the system of recommendations, the reasons for the reluctance of Russian society to introduce green energy, and a regional analysis of the most suitable regions for green transformation.

Highlights

Canada has always been one of the main players in the energy market, especially given the recent discovery of significant shale oil and gas reserves (Gapys, 2014)
Comparison of Natural Conditions and Resource Base When speaking about green energy, the first question to answer is whether green energy is available for use in the country/region
As we have shown in the previous section, the cost of green energy in Russia is higher than in Canada, while the higher level of economic development in Canada helps to attract more financial resources for the transition to green energy

Summary

Introduction

Canada has always been one of the main players in the energy market, especially given the recent discovery of significant shale oil and gas reserves (Gapys, 2014). The country is one of the most developed economies in the world, it has access to significant capital resources (Financial Consumer Agency of Canada, 2019) and is rich in natural resources (Sohi, 2019). These factors determine the current state of development of the energy industry in the country, which largely depends on the energy generated from renewable sources and sustainable energy. The generation of heat from alternative energy sources is a serious problem for modern energy industry (VHK, 2002) Despite this fact, the Canadian energy sector has significant potential and significant success in this field

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