Impact of Renewable Energy Development in Germany on Russian Energy Export
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Published:2021-08-01
Issue:4
Volume:104
Page:71-82
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ISSN:0201-7083
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Container-title:Contemporary Europe
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language:
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Short-container-title:soveurope
Author:
Andreeva Elena, ,Ratner Artem,Sobolev Andrei, ,
Abstract
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.
Publisher
Institute of Europe, Russian Academy of Sciences (IERAS)
Subject
Political Science and International Relations,Economics and Econometrics
Cited by
3 articles.
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