Open AccessImpact of Renewable Energy Development in Germany on Russian Energy Export
Author(s) -
Elena Andreeva,
AUTHOR_ID,
Artem Ratner,
Andrei Sobolev,
AUTHOR_ID,
AUTHOR_ID
Publication year - 2021
Publication title -
sovremennaâ evropa
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.223
H-Index - 5
ISSN - 0201-7083
DOI - 10.15211/soveurope420217182
Subject(s) - renewable energy , energy development , feed in tariff , natural resource economics , energy subsidies , energy policy , incentive , business , environmental impact of the energy industry , economics , energy supply , international trade , economy , energy (signal processing) , market economy , engineering , electrical engineering , statistics , mathematics
The development of renewable energy is the most prominent global trend. Germany pursues an active environmental policy. On July 3, 2020 Germanу passed legislation to close all coal-fired power plants by 2038. The development of renewable energy sources and advanced technologies in this segment will lead to a decrease in demand for some Russian energy products (coal, oil), reorient the supply to developing countries and generate a demand for the use of new advanced technologies in Russian fuel and energy export. The article is based on the international, German and Russian statistics and legal acts. The main global trends in consumption of traditional energy sources and forecasts of a number of agencies regarding their development are explored. The trends of renewable energy sources in Germany and the economic incentives for their development have been explored. An impact of renewable energy on the dynamics and structure of Russian energy exports to Germany is revealed.