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Sustainable Development, Green Construction, Energy Efficiency

Research
18 September 2019
The problem of climate change, as well as the necessity to preserve the environment and reduce resource consumption and operating costs, is faced by individuals, organizations, and states alike. Every country has its own development path — some countries started introducing measures to reduce environmental impact, promote sustainable consumption, and pursue the Sustainable Development Goals decades ago, and have been doing it incrementally. However, there are also countries which are actively developing and making sustainable development policies at national and municipal levels with aggressive targets in the sphere of greenhouse gas emissions reduction, waste management, and digitalization of urban infrastructure.

This publication examines international experience with and government tools for promoting sustainable development, green construction, and energy efficiency in six countries: Russia, the USA, the Netherlands, Great Britain, Japan, and China.

Also, the report reviews legal norms and regulations, practices adopted by public agencies, and voluntary programs to improve sustainability and energy efficiency. The publication gives the following examples of such tools: tax incentives for facilities which fulfil certain requirements related to sustainable development and energy efficiency; state subsidies for projects related to comfortable urban environment and construction of low-energy buildings or zero-energy houses; national plans to increase energy efficiency and reduce the carbon footprint; voluntary certification for compliance with standards of green construction; emissions of green bonds; mechanisms to compensate for greenhouse gas emissions.

The publication also cites examples of measures introduced as part of pursuing the Sustainable Development Goals in the countries under review. The aim of the study is to demonstrate how government incentives and market-based instruments can be used as a lever to promote the Sustainable Development Goals.

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Current Perspectives for the Formation of International Energy Markets

The current perspectives for the formation of international energy markets are mainly due to the policy of decarbonization of world energy and the growth of energy consumption. Each country forms its energy policy based on its own fuel and energy potential and the situation on international energy markets. The global oil market is currently largely dependent on global processes with a high degree of ‘uncertainty" associated with the use of protectionist and political methods of struggle in the global world economy. «Trade wars», and sanctions increase the uncertainty of the market for the «global» energy resource — oil. The global market for «alternative» energy and technology in this area is much more defined and predictable. The introduction of «platform» economy methods in the energy sector, in combination with the macroregional form of organization of energy markets, will reduce uncertainty factors by avoiding protectionist methods, including sanctions methods, leaving them behind the «perimeter» of macroregional borders.