Rating assessment of the sustainable development potential of the Northern resource-type regions' extractive industry: Methodological approaches

Abstract

Subject. This article discusses the problems of sustainable development of the mining industry location regions. Objectives. The article aims to develop tools for assessing the potential for the development of the extractive industry and analyzing the development of the Northern regions of Russia. Methods. For the study, I used a comparative analysis and grouping. Results. The article proposes a methodological approach that helps conduct a comparative analysis of the potential and competitiveness of regions based on a quantitative assessment of various objects and production processes. It also finds that formalized trends determine the functional dependencies of potentials on various endogenous and exogenous factors. Conclusions. The Western oil and gas producing regions have the most sustainable capacity of the extractive industry, the Eastern ones have the least sustainable capacity.