The effect of renewable energy sources on the global power industry

T. Lanshina
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T. Lanshina: Gaidar Institute for Economic Policy

Russian Economic Development, 2016, issue 9, 43-45

Abstract: The global power market is undergoing an important transformation. Successful development of technologies of renewable energy sources (RES) and even a complete switchover of individual countries to those technologies is no longer a technical or economic problem. Some cities, regions and even countries have already set a goal to switch over completely or partially to RES. In the near future, in the power industry the existing trends are expected to consolidate: prices on RES technologies are going to depreciate and the share of RES in the power sector is bound to rise. In Russia, no radical changes on the power market are expected so far: in accordance with the officially approved plan only 6 GW of new REC power stations which are going to ensure 4.5% of the country’s entire power consumption will be built in Russia by 2024

Keywords: Russian Industry; Russian Economy (search for similar items in EconPapers)
JEL-codes: C81 E30 E31 L11 (search for similar items in EconPapers)
Date: 2016
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