LEONID HR. MELNYK, OLEKSANDR M. DERYKOLENKO, YURIY O. MAZIN, OLENA I. MATSENKO, VLADYSLAV S. PIVEN
Modern Trends in the Development of Renewable Energy: the Experience of the EU and Leading Countries of the World
(original language – English)
https://doi.org/10.21272/mer.2020.89.09
Energy security and independence is one of the key points in sustainable development. In modern conditions of rapid growth and development of technologies, more and more attention is paid to finding practical solutions for environmentally friendly and inexpensive energy production. For a long time, scientists from various fields of scientific activity around the world have been engaged in the development and use of alternative energy sources. The share of renewable energy sources in the generation of electricity around the world is growing steadily, which indicates an increase in the use of energy obtained from alternative sources, such as, for example, wind and sun. These trends testify to the desire of consumers to abandon the use of fossil energy sources and nuclear power plants as much as possible in order to ensure further sister development. Under the current conditions of the COVID-19 pandemic, the demand for electricity worldwide has decreased, however, as the study shows, this pandemic has not affected the development of renewable energy. The article analyzes modern trends in the development of renewable energy, taking into account the experience of the EU countries and leading countries of the world in this area. As a result, it was concluded that in modern conditions, to achieve sustainable development, transformation processes are needed in such an important area as energy. Various processes in the global economy, which contributed to the intensive development of alternative energy sources, served as a powerful impetus for such changes. Many countries have made significant progress in the development of renewable energy
Key words: trend, renewable energy sources, electricity, development, renewable energy, alternative energy, energy security.
Placed in №3, 2020.
Affiliations:
Leonid Hr. Melnyk, D.Sc. (Economics), Professor, Professor of Department of Economics, Entrepreneurship and Business-Administration, Director of Research Institute for Development Economics (IDE) at Sumy State University;
Oleksandr M. Derykolenko, D.Sc. (Economics), Associate Professor of the Department of Economics, Entrepreneurship and Business Administration, Sumy State University;
Yurii O. Mazin, C.Sc. (Economics), Associate Professor, Department of Economics and Business Administration, Sumy State Un
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