Challenges and responses of the economy of the Republic of Tatarstan to decarbonization processes

Abstract

The processes of global energy transition are increasingly becoming one of the main driving forces of both the transformation of the existing market model and the technological foundations of the functioning of energy facilities. The reorientation of the world economy towards decarbonization threatens the stability of the functioning of many previously seemingly unshakable technological solutions and approaches in the field of system integration of the fuel and energy complex, which, in turn, stimulates the search for a new paradigm of its development. The manifestations of transformation are observed at various levels of the economic hierarchy: inter-country, country and intra-country. The development of mechanisms for the response of Russian manufacturers to the realities of the energy transition requires testing at real facilities. According to the authors, Tatarstan can become an indicative region for the development of approaches to achieving carbon neutrality. For a preventive forecast of the attainability of ESG (Environmental, Social and Governance) indicators, the authors propose a conceptual approach to assessing the development of decarbonization technologies, based on a combination of economic and mathematical methods, which allows us to develop an organizational and legal basis for the process, form and evaluate criteria for the effectiveness of innovations and the conditions for their implementation.