DEVELOPING MICROGENERATION BASED ON RES AS A DRIVER OF DECARBONISATION AND ECONOMIC GROWTH IN RUSSIA

Abstract

Having analysed the domestic and foreign experience of developing the market of microgeneration based on renewable energy sources (RES) the authors conclude that a smart industrial policy can ensure an expedited transition to zero-carbon economy and stimulate economic growth. Research background – Russia’s commitment to achieve carbon neutrality by 2060. Research purpose – assessing the prospects and barriers in the development of microgeneration based on RES. Methods – generalising, comparing, analysing empirical evidence of microgeneration market development in Russia and abroad, calculating the levelized cost of electricity (LCOE) of a solar plant and comparing it with current low voltage tariffs for small and medium-sized businesses. Results and novelty – the authors have determined the most effective industrial policy tools for developing the market of microgeneration based on RES.

Keywords

• industrial policy
• res
• microgeneration
• zero-carbon economy