DEVELOPMENT OF RENEWABLE ENERGY GENERATION IN RUSSIA: PROBLEMS AND PROSPECTS
The article is devoted to the analysis of the development of renewable energy sources (RES) in Russia in 2014-2023 in the regional aspect. Investing in high-cost and knowledge-intensive renewable energy requires an appropriate risk assessment. In our article, we sought to analyze the results of how the regions of Russia can reduce threats and strengthen opportunities for the development of non-traditional energy sources in the medium term. A regional analysis of capacity commissioning and electricity generation should identify regions with favorable natural and geographical conditions, as well as regions where efficient electricity generation is conditioned by developed market and institutional conditions. The analysis showed that renewable energy is developing in only half of the country's regions. Geographically, production is uneven, with the dominance of the South of Russia. In terms of the growth rate of energy production, the South of Russia and the Volga-Ural regions are significantly ahead of others. It is there that we should expect further success in the development of renewable energy sources. The final analysis, in accordance with the principle of comprehensive development of renewable energy, allowed us to conclude that its potential is higher where government bodias are ready to pay attention to the development of the market environment and themselves create institutional conditions for the successful development of renewable energy generation.
Authors
- A Vazim (ORCID: https://orcid.org/0000-0003-4106-9664)
Institutions
- Weatherford College (US)
Publication Details
- Journal
- Economics Profession Business
- Published
- 2024-12-10
- DOI
- https://doi.org/10.14258/epb202454
- Citations
- 2
- Primary Topic
- Global Energy Security and Policy
- Type
- article
- Field-Weighted Citation Impact
- 1.18