Formation of an institutional environment conducive to the development of renewable energy in Russia

Abstract

Renewable energy is developed only with appropriate state support. In the context of increasing environmental awareness, the need to reduce the carbon burden on the environment, and lower prices for renewable energy technologies, the lag in the level of use of renewable energy sources poses a threat to the development of countries within the framework of global trends. Despite the high availability of traditional energy sources in Russia, renewable energy has received state support. In Russia, there are various mechanisms of state support in the retail and wholesale electricity and capacity markets. The article examines the process of formation of the current mechanism of state support in the wholesale electricity and capacity market. В The main stages and reasons for the formation of a system of support for renewable energy sources in Russia are highlighted. The effectiveness of the contract for the provision of capacities (PDM) as a mechanism for state support of renewable energy sources in Russia is analyzed. The relationship between the functioning of the mechanism of the renewable energy DPM and the increase in the level of competition in the renewable energy market is demonstrated. It is shown how the development of renewable energy in Russia can contribute to the development of related sectors of the economy. A comprehensive approach to the development of the industry within the framework of the renewable energy technology cluster in Russia is presented. The territories for which the development of renewable energy is especially relevant have been identified.