Abstract
A number of countries in the emerging markets are becoming leaders in manufacturing solar photovoltaic products. Thus, global companies are urged to compete in all stages of the supply chain for producing most of the installed solar modules around the world. Meanwhile, production costs are at record lows. The decisions made in the emerging markets will affect the course for the solar and wind industry and their role towards de-carbonization of global energy systems in the near future. Renewable energy is set of miscellaneous natural resources, which preserves non-renewable sources for further use in other sectors of the economy, and saves green energy for future eras. The way a country employs its potential in renewables will safeguard the country’s energy security and the stability of electricity prices. Renewable energy is eco-friendly, as its operation does not produce any waste, or discharge pollutants into the atmosphere or water bodies. Our paper discusses the latest achievements of various scientific areas and industries, as well as it lists specific recommendations for national sustainable actions plans. These recommendations might be useful for policy-makers, working in adopting the transformation of their country’s energy systems.
Highlights
In 2015 one hundred ninety-three states, including those from the member states of the Commonwealth of Independent States (CIS), agreed on the 2030 Agenda for Sustainable Development, which includes 17 Sustainable Development Goals (SDGs)
The Sustainable Development Goals and their associated targets are global in nature and universally applicable, while taking into account different national contexts
The electricity industry in many countries around the world is currently undergoing significant changes aimed at ensuring universal access to affordable, reliable, sustainable and modern energy for all
Summary
In 2015 one hundred ninety-three states, including those from the member states of the Commonwealth of Independent States (CIS), agreed on the 2030 Agenda for Sustainable Development, which includes 17 Sustainable Development Goals (SDGs). The electricity industry in many countries around the world is currently undergoing significant changes aimed at ensuring universal access to affordable, reliable, sustainable and modern energy for all This goal can be achieved by the active integration of various traditional and renewable energy sources in a wide range of capacities from small-distributed generation facilities to large grid power plants, which entails the transformation of energy systems [5]. The capacity of wind farms and solar photovoltaic power plants reaches hundreds and thousands of MW, and the energy sector is undergoing a fundamental shift towards a digitalized and decarbonized energy system In this regard, an urgent task is to analyse the experience of large-scale development of renewable energy sources in a number of countries of the world, its impact, including negative, on traditional generation, on the electricity market and network infrastructure. Further step will be to develop specific recommendations on how to solve specific problems and obstacles in order to increase investment in renewable energy in each of the country involved, improving and optimizing cross-border regional energy cooperation [8]
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