Renewable Energy: Global Development Trends
In: Moscow University Economics Bulletin, Heft 2, S. 147-160
The article explores the main trends and features of renewable energy development in various countries of the world in the context of modern transformation of the global energy economy - the transformation of the energy system based on a widespread use of renewable energy sources and the generation of cheaper and "clean" energy. The author focuses on wind and solar energy, considers the factors of accelerated growth of these areas of renewable energy defines funding and the main directions of R&D and discloses innovative technological transformations in these industries. The paper analyzes the dynamics in the costs of generating electricity based on the use of wind and solar radiation in various countries and identifies a steady downward trend in reducing these costs. Based on the analysis, the author presents a vision of existing problems and prospects for the transformation of electric power industry in favor of renewable energy sources.