Anna A. Bakulina’s scientific contributions

The African energy market is one of the developing markets in search of foreign investments. The traditional investors, the EU and the USA, follow a policy inconsistent with the current situation – the emergence of new competitors, the BRICS countries. The purpose of the article is to assess the influence of the BRICS countries on the African energy market and to identify the extent of this influence. To this end, the authors have developed the presence index composed of the main indicators of the country’s participation in the African energy market. The results are then interpreted, in order to reveal the most effective strategy of the BRICS energy cooperation on African issues. The authors have identified the main specific features of the energy market in Africa and the main characteristics of the energy strategies proposed to African countries by the main players on the energy market (including the EU and the USA). This allows to develop a strategy for African countries regarding the development of their national markets. The main hypothesis of the article is that the African economies should diversify their portfolio of energy sector investments, but introducing only those strategies that contribute to the growth of their economy.Keywords: Africa, energy, BRICS, strategy, green energy, developmentJEL Classifications: O55, Q40DOI: https://doi.org/10.32479/ijeep.9160

ABSTRACT The belt and road initiative (BRI) is a comprehensive megaproject, which includes numerous projects in the sphere of green energy. The effectiveness of these projects is often doubted. The article reveals the main mechanisms of green energy projects’ influence on the economy and through the research of 8 BRI countries demonstrates the method of green energy projects efficiency estimation. China is considered to be the main driver for green energy proliferation in Asia, receiving economic benefits through its policy. The authors prove this to be right, but the effects for PRC differ in short and long-run periods. The main findings of the paper are that the BRI green energy dissemination is just the first step to building a tightly interconnected Asian energy infrastructure, and that the BRI least developed countries have less positive long-run effects from green energy investment, while in short-term they get a boost for their economies. Keywords: Belt and Road Initiative, Green Energy, Energy, Asian Region, China