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Issue № 72. February 2019

State Policy for the Development of Renewable Energy

Olga I. Malikova, Maria A. Zlatnikova

Olga I. Malikova — DSc (Economics), Professor, Department of Environmental Economics, Lomonosov Moscow State University, Moscow, the Russian Federation.
E-mail: MalikovaOl@gmail.com

Maria A. Zlatnikova — master’s degree programme student, Faculty of Economics, Lomonosov Moscow State University, Moscow, the Russian Federation.
E-mail: mary.zlat1996@gmail.com

The article analyzes the mechanisms of state support for the development of renewable energy. Over the past decade green energy has become one of the fastest growing fields on the global energy market which successfully competes with hydrocarbons. However, the success of this energy sector is mostly based on the large-scale government support schemes. The study examines key trends that characterize the alternative energy market. This article provides a historical overview as well as a detailed analysis of current subsidy support schemes in the US, China, India, Britain and Russia. The main features of renewable energy state support methods in these countries are considered. Based on other countries’ experience the authors come to a conclusion that it is advisable to expand support measures to boost the development of renewable energy in Russia.

Keywords

Renewable energy, state support for renewable energy, green energy

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