Author(s)

ANZHELIKA KARAEVA, ELENA MAGARIL, ELENA CRISTINA RADA

Abstract

According to the annual world statistics, primary energy consumption demonstrated a steady growth over the past decade but in 2018, its average value was doubled. A rapid development of energy sector will not only lead to the growth of CO₂ emissions and other negative consequences, but also to more intensive use of natural resources in the immediate future. Growing pressure on resources might give rise to a number of challenges in virtually all branches of human activity. The energy sector’s impact on the environment is increasing at a high speed, which necessitates the efficiency assessment of investments in energy projects applying a system of technical, economic and environmental indicators. Nowadays, most of the energy projects comprise eco-friendly technological solutions that significantly decrease the use of natural resources but at the same time they might affect financial costs that dampen the attractiveness of investment projects at all. Despite that fact, the economic and environmental evaluation allows identifying the total exposure of the project in the long term and aids in measuring its multiplier effect on the region economy as lots of energy projects have a considerable innovative potential. The present study provides a system of environmental indicators that improves the efficiency assessment process of investment projects in the energy sector.

Keywords

energy sector, efficiency assessment, investment energy project, eco-efficiency