Development of Alternative Energy in Russia and Chinese Experience

Abstract

The article is devoted to current trends in the development of alternative energy sources (AES) in the world, Russia and China in particular. The international roadmap for the implementation and use of clean renewable energy is subject to constant change due to the economic characteristics of the countries participating in the green transition and global geopolitical changes and uncertainty. Recently Western countries agreed to completely phase out Russian energy sources, first oil and then gas. To date, Russia and China have created a stable system of trade and economic cooperation in the energy sector. As for cooperation in the field of renewable energy, it has recently been put on the agenda for cooperation between the two countries. Particular attention in this article is paid to the study of China’s experience as a leader in renewable energy implementation. The article also highlights China’s achievements in the field of hydropower, electricity storage, introduction of electric vehicles, development of “green” finance and building international cooperation based on the improvement of nuclear technologies, since the methods used in their implementation could be successfully applied in Russia under current conditions. Thus, based on China’s green transition experience, the article aims to propose suggestions for the development of alternative energy in Russia as a country in the vanguard of international energy.