Importance The article focuses on the issues of development of the macroeconomic and institutional environment necessary to reduce energy intensity in the CIS countries. Objectives The paper aims to develop a methodological approach based on econometric analysis of a sample of global statistical reports to justify the energy intensity abatement. Methods I use methods of comparative analysis, linear and non-linear regressions, equations with threshold values, and the methods of index numbers. Results The article proves that existing statistics can be used to justify factors influencing the energy intensity of the economy in the context of both demand and supply. As the comparative analysis shows, the regulatory quality is a key factor in reducing energy intensity in the CIS countries. Conclusions and Relevance The CIS countries have the potential for improving the energy efficiency. This requires building the potential of State institutions and focusing on the development of competitive markets for energy products, energy auditing, adoption of power-saving standards, limitation of shadow economy, and more intensive counteraction to corruption.
Keywords: energy efficiency, energy-saving technology, econometric analysis, fuel tariffs, quality, state institutions
Bashmakov I.A., Myshak A.D. [Factor Analysis of Evolution of Russian Energy Efficiency: Methodology and Outcomes]. Voprosy Ekonomiki, 2012, no. 10, pp. 117–131. (In Russ.)
Ermolaev K.A. [The impact of energy saving and energy efficiency enhancement on national economies' innovative development]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 1, pp. 82–92. (In Russ.) URL: https://doi.org/10.24891/ea.16.1.82
Chepel' S. [How to raise the efficiency of economic policy: The empirical analysis of State institutions]. Voprosy Ekonomiki, 2009, no. 7, pp. 62–74. (In Russ.)
Golove W.H., Eto J.H. Market Barriers to Energy Efficiency: A Critical Reappraisal of the Rationale for Public Policies to Promote Energy Efficiency. Berkeley, Energy & Environment Division, Lawrence Berkeley National Laboratory, University of California, 1996, 66 p.
Eyre N. Barriers to Energy Efficiency: More Than Just Market Failure. Energy & Environment, 1997, vol. 8, iss. 1, pp. 25–43.