Sustainable Energy and RES Implementation in Russia

Abstract

Nowadays, the world is undergoing the fourth energy transition process. The global climate agenda, decarbonization tendencies and the necessity to reduce CO2 emissions in order to meet the Paris Climate Agreement criteria are the dominant motives of the sustainable energy development. This article is devoted to analysing the implementation of renewable energy sources in Russian energy sector. The prospect aims are to identify the strengths, to assess the prospects for energy transition, to reveal key issues related to emerging industry and present recommendations on how to address them. It was found out that the implementation of RES is of high potential, especially in certain Russian regions. The key problems that hinder the RES development include low awareness, weak development policy, specific weather conditions, the lack of cutting-edge technologies etc. In this regard, it was suggested to strengthen the regulation within the climate policy, increase investments in green projects and stocks, accelerate the technological development and take other measures to support the emerging industry, along with general awareness-raising in the renewable energy sector.