Economic analysis of industrial development: a case of russian coal Industry

Abstract

This paper focuses on the economic framework of industrial development with a special focus on the assessment of prospects for coal power production industry development in Russia over the short-term and medium-term horizons. We analyse both social and environmental aspects of coal power industry from the standpoint of energy safety and sustainable development of the national economy. We distinguish the lines of improvement of technologies of coal power production as well as provide their economic assessment. Our economic assessment of the coal industry in Russia demonstrated that prospects for coal power industry development would be determined, in many respects, by coal price, conventional pollutant emission limits, stimulating policy of the government, and availability of high-performance technologies of coal-fired energy products generation