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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Elena Kyzyngasheva
Renewable Energy in Russia: Prospects and Policy Support
8
2016
Despite the success of certain countries in energy saving and efficiency measures, the global energy consumption will continue to grow due to the rapid economic development of emerging economies. In such circumstances fossil fuels will remain the dominant energy sources despite the unfolded green growth concept. However, the competitiveness of renewable energy sources as a “clean” and increasingly affordable alternative is rapidly growing and cannot be underestimated.

Russia has unique and one of the biggest reserves of hydrocarbons. Such factors as the vast territory of the country and its wealth of resources mean that the rate of energy policy adopted by the country determines not only the prospects of its economy, but also significantly impacts the issues related to the global energy security and environmental sustainability. The Russian energy sector will shortly face a choice between the preservation of existing energy sector structure, technologies and processes and the transition to a more efficient and “green” development path; between the introduction of national and local “smart” grids and the growing problems of the traditional power distribution; between centralization and decentralization of the sector. The world is already shifting towards renewables deployment as a tool to meet the requirements of green growth concept.

The current research aims to analyze the prospective renewable energy mix in Russia, which has a potential to strengthen security, reliability and sustainability of the Russian energy sector, and to examine the effectiveness of adopted governmental policies which are able to support the shift from fossil fuels to renewable energy sources.

The main methods applied are SWOT analysis, comparative policy analysis and semi-structured expert interviews. Conclusions of this paper aim to contribute to the studies of renewables sector in Russia.

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