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The article focuses on the scientific and practical problem of aligning the practice of innovation management in the fuel and energy complex to the interests of its sustainable development in Russian regions. The purpose of the article is to identify the prospects for improving the practice of innovation management in support of the sustainable development of the fuel and energy complex of regional economic systems in the Decade of Science and Technology in Russia. The authors determine the contribution of innovation management to the sustainable development of the fuel and energy complex of regional economic systems in Russia, based on the official statistics of Rosstat for 2021 and the method of correlation analysis. The study is conducted on the example of the top 10 regions of Russia with the largest share of the fuel and energy complex in the structure of gross value added in 2021. The results obtained led to the conclusion that the existing approach to innovation management in the fuel and energy complex does not fully correspond to the priorities of sustainable development of the fuel and energy complex of regional economic systems Russia in the Decade of Science and Technology. This approach provides benefits only for the region (maintaining market balance in the fuel and energy complex), while benefits for other stakeholders – responsible communities (environmental friendliness of the fuel and energy complex), employees of fuel and energy organizations of regional economic systems in Russia (supporting employment in the fuel and energy complex) and owners of fuel and energy companies (break-even of these organizations) are weakly expressed. To solve this problem, the authors propose to utilize an ESG approach to innovation management for the sustainable development of the fuel and energy complex of the regional economic system. The author’s approach includes universal principles, targets and management measures suitable for all Russian regions. The advantage of the new approach is that it makes it possible to align the practice of innovation management in the fuel and energy complex in line with the interests of sustainable development of the fuel and energy complex of regional economic systems in the Decade of Science and Technology in Russia.
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