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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">RUDN Journal of Economics</journal-id><journal-title-group><journal-title xml:lang="en">RUDN Journal of Economics</journal-title><trans-title-group xml:lang="ru"><trans-title>Вестник Российского университета дружбы народов. Серия: Экономика</trans-title></trans-title-group></journal-title-group><issn publication-format="print">2313-2329</issn><issn publication-format="electronic">2408-8986</issn><publisher><publisher-name xml:lang="en">Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">23897</article-id><article-id pub-id-type="doi">10.22363/2313-2329-2020-28-2-300-314</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>Industrial organization markets</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>Экономика отраслевых рынков</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">Risks and benefits of small hydropower development: Chinese experience and Russian practice</article-title><trans-title-group xml:lang="ru"><trans-title>Плюсы и минусы развития малой гидроэнергетики: российская действительность и китайский опыт</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Chernyaev</surname><given-names>Maksim V.</given-names></name><name xml:lang="ru"><surname>Черняев</surname><given-names>Максим Васильевич</given-names></name></name-alternatives><bio xml:lang="en"><p>PhD, Associate Professor, expert on CIS and Russia “NRA International GmbH” (Austria, Vienna), adviser on foreign economic activity of the oil service company “Novas Energy Services”, Vice President of International Cooperation and Youth Policy of the International Academy of Technological Sciences (MATN).</p></bio><bio xml:lang="ru"><p>кандидат экономических наук, PhD, доцент, независимый эксперт по странам СНГ и России NRA International GmbH (Австрия, Вена), советник по вопросам внешнеэкономической деятельности нефтесервисной компании Novas Energy Services, вице-президент по международному сотрудничеству и молодежной политике Международной академии технологических наук (МАТН).</p></bio><email>m.chernyaev@mail.ru</email><xref ref-type="aff" rid="aff1"/></contrib></contrib-group><aff id="aff1"><institution>NRA International GmbH</institution></aff><pub-date date-type="pub" iso-8601-date="2020-12-15" publication-format="electronic"><day>15</day><month>12</month><year>2020</year></pub-date><volume>28</volume><issue>2</issue><issue-title xml:lang="en">VOL 28, NO2 (2020)</issue-title><issue-title xml:lang="ru">ТОМ 28, №2 (2020)</issue-title><fpage>300</fpage><lpage>314</lpage><history><date date-type="received" iso-8601-date="2020-06-04"><day>04</day><month>06</month><year>2020</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2020, Chernyaev M.V.</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2020, Черняев М.В.</copyright-statement><copyright-year>2020</copyright-year><copyright-holder xml:lang="en">Chernyaev M.V.</copyright-holder><copyright-holder xml:lang="ru">Черняев М.В.</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">http://creativecommons.org/licenses/by/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://journals.rudn.ru/economics/article/view/23897">https://journals.rudn.ru/economics/article/view/23897</self-uri><abstract xml:lang="en"><p>The inevitable depletion of traditional energy sources attracts a strong interest in the development of renewable energy technologies around the world. Territorial features and abundance of water resources in Russia have a great potential for small hydropower development, but statistics show that there is no high practical interest in this area. A comparative analysis of the features of the Russian and Chinese energy systems indicates the presence of certain problems in the small hydropower industry of Russia connected with the lack of a strategic understanding of the prospects for the development of the industry at the state level. This situation naturally leads to an increase in investment risks. The purpose of the present research is to determine the conditions that can make the construction of small hydropower plants attractive to investors and lead to the formation of the market of the appropriate technological equipment. Official statistics, planning documents, expert publications in the media and scientific magazines, as well as the author's comparisons of the Russian and Chinese small hydropower regulation measures have been used in the process of analyzing the Russian energy development.</p></abstract><trans-abstract xml:lang="ru"><p>Неизбежное сокращение запасов традиционных источников энергии стимулирует активный рост интереса к развитию технологий возобновляемой энергетики по всему миру. Территориальные особенности и изобилие водных ресурсов в России имеют большой потенциал к развитию малой гидроэнергетики, однако статистические данные говорят об отсутствии высокого практического интереса к данному направлению. Сопоставительный анализ особенностей российской и китайской энергетических систем указывает на наличие определенных проблем в малой гидроэнергетике России, что связано с отсутствием стратегического понимания перспектив развития данной области на государственном уровне. Такая ситуация закономерно приводит к росту инвестиционных рисков. Целью настоящего исследования является определение тех условий, которые сделают строительство малых гидроэлектростанций привлекательным для инвесторов и приведут к формированию рынка соответствующего технологического оборудования. В процессе анализа развития российской энергетики использовались данные официальной статистики, плановые документы, экспертные публикации в СМИ и научных изданиях, а также авторские сопоставления используемых в России мер регулирования малой гидроэнергетики с опытом Китая.</p></trans-abstract><kwd-group xml:lang="en"><kwd>small hydropower</kwd><kwd>solar power</kwd><kwd>wind power</kwd><kwd>renewable energy sources</kwd><kwd>alternative energy sources</kwd><kwd>green energy</kwd><kwd>energy production</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>малая гидроэнергетика</kwd><kwd>солнечная энергетика</kwd><kwd>ветровая энергетика</kwd><kwd>возобновляемые источники энергии</kwd><kwd>альтернативные источники энергии</kwd><kwd>экологичная энергетика</kwd><kwd>производство электроэнергии</kwd></kwd-group><funding-group/></article-meta></front><body></body><back><ref-list><ref id="B1"><label>1.</label><citation-alternatives><mixed-citation xml:lang="en">Abd-El Monsef, H., Smith, S.E., &amp; Darwish, K. 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