Renewable energy sources: encouraging investment in Russia and abroad

Abstract

In the last decade, the global economy has gone on a path of “green” growth. The article analyzes the main objectives of the use of renewable energy sources, the reasons for high rates of development of renewable energy in the world, especially the state regulation in this sphere. The purpose of the article is to analyze the state policies in Russia and abroad aimed at stimulating investments in energy efficiency and increasing the share of renewables in energy production. The basic tools to stimulate the use of renewable energy, particularly «feed-in policy» are examined as well as the latest trends in the development of the system of state regulation of renewable energy abroad. The study examines the experiences of leader countries in the application of measures of state support for renewable energy – China and Germany. The study makes recommendations on the use of certain measures to support renewable energy development in Russia, which could lead to an acceleration of the pace of renewable energy development in our country.