BSR Policy Briefing 3/2022: Russia's renewable energy sector: Policy recommendations
The BSR Policy Briefing series by Centrum Balticum Foundation:
Russia's renewable energy sector: Policy recommendations
By Liliana Proskuryakova
The policy paper analyzes the state of renewable energy industry in Russia in 2021 with an outlook to 2030. Several development paths are outlined, including business-as-usual, shock scenarios, and the visionary future. Clean energy, including renewables, will see faster growth under shock scenarios and the visionary future (negative and positive externalities) following different reasons. The main barriers for the industry’s development include surplus of installed electricity capacity, old approaches to power grid management, and limited domestic R&D. The main policy recommendations cover decommissioning of old power plants, radical reduction of coal-fired generation, and fostering market competition in the industry, while plans for localization of equipment manufacturing may be revisited. The Russian renewable energy sector should rely on solid domestic R&D base and manufacturing facilities.
Download the publication at Centrum Balticum website (centrumbalticum.org)
In the BSR Policy Briefing series experts of different fields give recommendations to policy makers in issues regarding the Baltic Sea region. Baltic Rim Economies is published in collaboration with the Pan-European Institute of Turku School of Economics.