Abstract

The article is devoted to the current state and analysis of factors affecting the use of alternative energy sources on a global scale. There is a constant growth in volumes energy consumption, which is associated with the stability of the global economy, increasing costs for heating and cooling in various parts of the world. At the same time in the most densely populated areas (China, India), coal accounts for up to 80 % of the energy balance, which leads to an increase in CO2emissions. In this regard, the article notes the need to switch to the use of alternative energy sources (wind, solar, hydro, geothermal and biomass, nuclear energy). The article analysis the current state of energy sources in developed countries according to statistics for 2018. The authors concludes that the growth rate of renewable energy resources is insufficient, despite their advantage over traditional sources. In this regard, the factors affecting the efficiency of renewable energy sources were summarized. In addition, the article identifies barriers that prevent the acceleration of the rate of replacing traditional energy sources with RES. At the same time, state support measures and relevant legislative acts play a special role in stimulating and attracting the necessary investments.

Highlights

  • The development of energy in modern conditions is characterized by an increase in the share of alternative energy sources, especially solar and wind energy

  • According To the international renewable energy Agency (IRENA), the use of renewable energy sources (RES) is accompanied by a multiplier effect: doubling the share of RES in the world energy balance by 2030 will lead to GDP growth by 0.6 - 1.1 % ($1.3 trillion.), as well as wealth will increase by 3.7%, employment in the renewable energy sector will increase by 6% annually

  • As a result of higher energy consumption, CO2 emissions increased by 1.7% in 2018 and reached a historic high of 33.1 Мт

Read more

Summary

Introduction

The development of energy in modern conditions is characterized by an increase in the share of alternative energy sources, especially solar and wind energy. Renewable energy sources produced more electricity in Germany for the first time than coal and nuclear power combined, according to the latest data.

Results
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call