Innovation and investment aspect energy transition to renewable energy sources

Abstract

The article comprehensively considers the economic aspects of the process of transition of the global economy to the use of renewable energy sources. An assessment was made of the potential investment and physical needs of energy based on renewable sources, and a study was made of the potential of the global economy to meet these needs. An analysis was made of the previously implemented actions of the governments of the countries of the world and business in the direction of the formation of an energy sector based on the use of renewable energy sources. Obstacles to the transition of the global economy to renewable energy sources of an economic and resource nature have been identified. The analysis of the experience of the countries of the world in overcoming the relevant obstacles and the formation of conditions by states to reduce the barriers for the entry of a global investor into the energy sector based on renewable resources was carried out. The most significant results from the point of view of the formation of energy based on renewable sources were studied and an assessment was made of their use for the formation of energy based on renewable sources in other countries of the world. Considerable attention is paid to the experience of the EU as an interstate integration group, the most integrated in the process of formation of energy based on renewable sources. Based on the results of the analysis of innovative and investment aspects of the energy transition to renewable energy sources, energy development trends until 2050 were formulated and a system of recommendations was developed for the implementation of the energy transition in the countries of the world. Keywords: energy; renewable energy sources; innovations; investments; state regulation; modernization.