Author(s)

I. Rukavishnikova, A. Rumyantseva, I. Plastinina

Abstract

Efficiency of renewable and alternative energy projects has recently been seen as an integral quantity, which includes economic, energetic, environmental, social and other components. With a lack of substantial financial support from federal, regional or municipal levels the determinant factor of renewable energy project implementation is still an economic efficiency. Economic efficiency can also be seen as a compound quantity, which includes, above others, environmental component. This paper attempts to formulate the definition of “environmental component of economic efficiency”, and to distinguish that economic efficiency component of renewable energy projects. The authors expect the increase of environmental component contribution to the general economic efficiency of projects as a result of improvement of the Russian Federation environmental legislation and of consequent and strict control of its implementation. As an example we provide the project of biogas generation from livestock waste.

Keywords

renewable energy project, economic efficiency, environmental efficiency, government support, environmental legislation