Abstract
In this article, as determinants in the system factors underlying the investment attractiveness of the peat industry is considered a rental factor, which predetermines the significant differences and peculiarities of the investment climate in the mining business and, in particular, in the sphere of peat mining. In contrast to modern studies treated the essence and role of rents in the economic mechanism, is proposed for a new approach to solving the problems of its formation. Our approach differs in that it, firstly, adequate rental relations, objectively in extractive industries, secondly, provides consensus in the interests of the owner of peat deposits and entrepreneurs, businesses in these deposits and, thus, thirdly, contributes to the creation of a favourable investment climate in the peat extraction industry. In practical terms, in accordance with the proposed approach, we have proposed specific allocation algorithm of mining rents from the profits of peat extraction enterprises.
Highlights
The relevance of the further development of peat mining in the world, and its revival in Russia, mainly due to the fact that, firstly, there is a clearly expressed the trend deteriorating geological conditions of oil and gas extraction
The Russian experience shows, as well as the experience of some countries, in which the peat industry in the beginning of this century has progressed significantly in its development, the peat industry has all the prerequisites to take its rightful place in the global economy [2]
As for the Russian business community, its representatives say, that they are in no hurry with their investments "to include in the peat industry is due to the fact that it is not formed the rules of the game"
Summary
The relevance of the further development of peat mining in the world, and its revival in Russia, mainly due to the fact that, firstly, there is a clearly expressed the trend deteriorating geological conditions of oil and gas extraction. With regard to the emerging ecological situation, ecological standards and regulations on pollution ambient environment are gradually tightened, the degree of which is largely conditioned by the quantity and quality of fuel burn It should be borne in mind and the fact that, in practical terms, in the year of 2009, the EU adopted energy program, called "20:20:20", providing for the period up to 2020 year reduced electricity consumption by 20%, increasing the share of renewable energy of total consumption to 20% and reduce greenhouse gas emissions 20% [1]. Greater significance of energy conservation issues, the solution of which is associated primarily with the use of alternative energy sources, especially taking into account the strong upward trend of increasing the prices on not renewable hydrocarbon raw materials. It should be noted that the lack of motivation and incentives for private business to invest in extractive industries ‒ is a common problem [4]
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