Author(s)

N. Smirnov & E. Menshikova

Abstract

Rapid changes in the global market and economy offer opportunities for growth and provide a wider choice of location for international direct investment. The Sverdlovsk Region has always been a leading force in Russia’s Gross Domestic Product although, in previous years, the regional economy has faced a number of challenges. The authors provide a wide overview of the region to determine spheres for further growth and to set forward proposals to consolidate regional energy security. There are several ways of strengthening the Sverdlovsk regional energy system to provide a consistent strategy-based approach and to develop local energy resources. The results reported in this paper were based on the use of analytical modelling. Keywords: the Sverdlovsk Region, regional energy market overview, energy security, sustainable development.

Keywords

the Sverdlovsk Region, regional energy market overview, energy security, sustainable development.