Technological Transformation Determinants of the Renewable Energy and its Government Support

The development of effective mechanisms to support the introduction of new technologies is one of the important tasks of a modern management system. The paper summarizes the results of the introduction of new technologies that provided a breakthrough in the development of renewable energy sources (RES) and resulted in the displacement of traditional hydrocarbon fuel sources out of the market. The following breakthrough technologies which have been based on the data generalization and system analysis are considered as: digitalization, new power grids, the battery market, electricity storage, electrification of the final sectors of energy consumption. There have been given a description of technologies that showed their influence on the development of renewable energy sources. The paper provides a list of innovative renewable energy technologies that will play a decisive role in the market in the near future: new technologies together with renewable energy sources (marine solar and wind energy, a molten salt reactor, a wave energy device). The final part analyzes the prospects for the development of innovative technologies in Russia from the point of view of the government support as well as existing initiatives and implementation problems. Based on the analysis performed and the successful experience of China and Germany, there have been proposed recommendations for supporting new energy technologies in Russia. Ramarkable that despite the presence of significant research potential in the 60–80s of the XX century, the modern development of new technologies in the field of renewable energy is still at the initial stage of development. The paper substantiated the expediency of supporting the introduction of promising technologies and a set of measures to facilitate the transfer and introduction of new technologies. Due to one of the key problems of modern economic development in Russia is low effective demand, there is proposed to subsidize part of the cost of purchasing new equipment from the state in order to support the introduction of promising technologies.

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