Coal-Fired Power in the New Industrial Development

DOI: 10.20542/0131-2227-2016-60-6-42-51

N. Gorbacheva, Skolkovo Institute of Science and Technology, 3, Nobelya Str., Skolkovo village, Moscow Oblast’, 143026, Russian Federation; Institute of Economics and Industrial Engineering of Siberian Branch of RAS, 17, Lavrent’ev Prosp., Akademgorodok, Novosibirsk, 630090, Russian Federation (


The role of coal as the driver of innovative electricity generation for the new industrial development is complicated. On the world industrial agenda, coal continues to dominate global power generation due to its nature – significant reserves and well-distributed deposits, stability of production, flexibility of delivery, comparatively easily predicted prices and supply. A significant drawback of coal generation that is connected with the emission of toxic particulars (CO2, sulphur dioxide, nitrogen oxide, etc.) can be eliminated by new technologies, i.e. ultra-supercritical, integrated gasification combined cycle, carbon capture and sequestration. Technological inertia and capital-intensive innovation processes determine the power generation as industry with medium-low R&D expenditures, which are roughly 1–2% of the net sales of power companies. World strategic innovators in power industry build up the technological trends of coal generation, however, recent public and private spending on R&D represents only a small fraction of capital, needed for wide scaled deployment of new coal-fired power generation technologies. Plus to that, the significant cash flow from international commercial banks has been directed to finance new coal-fired plants based on traditional old-fashioned technologies with low efficiency and weak environmental standards. Most governments in the world support traditional fossil fuels suppliers by means of energy subsidies. Emerging financial initiatives – green bonds, new financial metric – are aimed at redirecting cash flow towards innovative technologies in power industry. But up to the moment, the amount of money reallocation is small and the pace of training high quality engineers and scientists is slack. Nevertheless, the intensified international cooperation between the largest coal users such as the USA and China makes quite possible the optimistic scenario for the future of a new coal generation. Education, finance and technology are the main factors of strengthening bilateral or multilateral cooperation. Russia has obtained up to the moment, by experts’ judgments, well-educated engineers, valuable traditions of scientific schools and research practice in the field of coal power. That bestows Russia good premises for making up international technological consortium with other, rich in coal countries, first of all, China and India. 


coal-fired power, new industrial development, emerging technologies, R&D expenditures, financing, international cooperation, Russia, China, India 

Registered in system SCIENCE INDEX

For citation:
Gorbacheva N. Coal-Fired Power in the New Industrial Development. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2016, vol. 60, No 6, pp. 42-51.

Comments (0)

No comments

Add comment

Current Issue
2020, vol. 64, No. 5
Topical Themes of the Issue:

  • eijing’s Pain Points
  • International Role of Euro and European Integration
  • Sources and Trends of Japanese International Relations Theories
  • New Dimensions of Identity Politics: Contested Memories in History Museums of the 20th Century
View This Issue (2020, vol. 64, No. 5)
Submit an Article

Dear readers!
Please note that free access to full-text issues of the Journal is being opened at our WEB-site after 6 months of the date of publications. Currently, the releases of 2015–2018 are available for free. The work on deepening the open archive of full-text issues will be continued.

Dear readers!
This is to inform the researchers of the Institute of World Economy and International Relations that electronic version of the 4-nd issue of 2019 of French magazine Politique étrangère is now available. Those who are interested, please personally address to the editorial staff of MEMO Journal (room 18-17) with an electronic media (e-mailing is not possible because of technical reasons).


In response to the challenges of our time the Editorial board continues to open new thematic rubrics:

“The Common Spaces”. The XX century was marked by the process of active development of the so-called common spaces, namely the World ocean, outer space and the Internet which, due to various reasons, were previously perceived as peripheral for the mankind and were not used at all or less intensively. Since then, the degree of their development and usage is constantly increasing. Even though the prospects of obtaining material dividends from their use are often extremely remote, the level of competition there is steadily increasing, resulting in growing inter-state conflicts’ potential.

“Silk Road and prospects of Great Eurasia”. It is planned to publish materials concerning the Chinese project of Silk Road and its impact on the socio-economic development of various countries in Eurasia and the integration processes in this mega-region.

“Africa today and tomorrow”The rubric devoted to contemporary issues of Africa which is attracting growing interest of the world's leading actors. We plan to publish the articles analyzing the status of statehood, socio-economic and political development of the countries of Black continent, as well as the integration processes between them.

“Civilization processes of modern development” is a new rubric opened by MEMO Journal in 2020. It will be devoted to the analysis of the influence of civilizational factors and inter-civilizational interactions on the political and socio-economic development of the world at whole, regions and countries.

Dear colleagues, authors and readers!

We kindly request you to turn to editor-in-chief and executive secretary directly concerning reviewing scientific publications in our journal. Only editor-in-chief takes decision on order and publication the reviews!


"World Eonomy and International Relations" announces a contest for the best joint academic publications of domestic and foreign researchers and experts in topical issues of the world economy and international relations. The winners will be selected according to the results of peer reviewing and discussion at the Editorial Board. The articles will be published in priority order.


The print version of “World Economy and International Relations” journal is distributed by advance subscription only, and is not offered for retail sale. To subscribe please address to any post office in Russia by referring to the Federal Postal Service Union Catalogue, section “ARSMI”, the journal index is 70542. The subscription may be made for the whole subscription period or starting from any nearest available month for desired number of issues.

To purchase the full-text electronic version of the journal’s issue/article please address to the WEB portal of Scientific electronic library or URL:

In journal
                     Articles by year
                     Authors by year
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |

The author’s opinions may not coincide with the position of editorial