Specific Features of Renewable Energy Development in the World and Russia

Victoria I. Bushukina ()
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Victoria I. Bushukina: HSE University, Moscow 101000, Russian Federation

Finansovyj žhurnal — Financial Journal, 2021, issue 5, 93-107

Abstract: The purpose of the article is to study the theoretical and practical aspects of investment activities in the field of renewable energy in the world and in Russia. To achieve this goal, during the development of theoretical material, a systematic analysis of existing approaches to the assessment of financing mechanisms for renewable energy projects was carried out. Statistical and econometric research tools include correlation analysis and multivariate regression analysis. The article examines the development of renewable energy, its benefits, and investments in the industry. The financial risks and barriers associated with financing renewable energy projects are considered. The development of the industry over the past 10 years is analyzed, taking into account the impact of the COVID-19 pandemic on the electricity industry in general and on renewable energy in a number of countries. It is established that the world is shifting to the use of renewable energy sources, and in Russia they are not being given due attention. It is revealed that the existing thermal generation units in Russia are of great age and are to be decommissioned in the near future. The current state of renewable energy in Russia, measures to support it and the rate of its development are investigated. The technical potential of wind and solar power plants in the Russian Federation is considered within the aim of diversifying electricity production. The factors that negatively affect the development of the renewable energy industry are identified.

Keywords: renewable energy sources; investments; financing; subsidies; renewable energy; electricity (search for similar items in EconPapers)
JEL-codes: D22 F34 G23 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:210507:p:93-107

DOI: 10.31107/2075-1990-2021-5-93-107

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