Russian energy efficiency accounting system

This paper was developed to evaluate the effectiveness of energy efficiency policies recently launched in the Russian Federation. Pilot applications in 2011-2013 of the energy efficiency and energy savings accounting system in Russia and energy consumption growth decomposition analysis developed in this paper have shown that (1) its creation is possible even when using a noncomprehensive statistical database; (2) its application provides nontrivial results and shows that the impressive GDP energy intensity decline in the period 2000-2012 was mostly (to 64 %) driven by structural and other factors with limited contribution of technological ones failing to bridge the technological gap with advanced economies. Facing slowing economic growth in years to come, the federal policy to improve energy efficiency is to be focused on providing incentives for more dynamic penetration of energy-efficient technologies to improve the Russian economy, competitiveness, and energy security.