RISK OF RENEWABLE ENERGY SOURCES DEVELOPMENT IN THE OIL AND GAS INDUSTRY IN THE CONTEXT OF COVID-19
https://doi.org/10.17747/2618-947X-926
Abstract
The global climate problem of climate warming has led to the active development of renewable energy almost all over the world. Many European countries and international corporations are already striving for carbon neutrality.
This article analyzes the current trends in the development of the renewable energy sources industry in the world and in Russia, assesses the applicability of renewable energy sources in the oil and gas industry and the impact of the coronavirus crisis on the perspectives for renewable energy. The analysis of the indicators of the volumes of commissioning of generating capacities for 2020 is given, the obstacles encountered in the development of the industry due to the unstable global situation are considered.
The article also discusses investment in renewable energy by oil and gas companies and their transformation under the influence of the renewable energy sector, as well as the participation of Russian companies in this transformation and their long-term prospects in relation to renewable energy.
About the Authors
L. K. BabichevaRussian Federation
Project manager, “Neosun Energy Rus” LLC. Research interests: energy transformation of domestic and foreign economies, electricity and power markets, renewable energy sources, photovoltaic, energy storage systems, distributed generation.
E. V. Neprintseva
Russian Federation
Candidate of economic sciences, associate professor at the department of economics and enterprise management MSUT “STANKIN”, general director of “Education and consulting” LLC. Research interests: macroeconomics, industrial policy, antitrust regulation, electricity.
S. A. Shubin
Russian Federation
Candidate of economic sciences, associate professor at the department of management and innovations of Financial University under the Government of the Russian Federation. Research interests: electricity and power markets, heat supply and housing and public utilities, industrial policy, antimonopoly regulation.
References
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Review
For citations:
Babicheva L.K., Neprintseva E.V., Shubin S.A. RISK OF RENEWABLE ENERGY SOURCES DEVELOPMENT IN THE OIL AND GAS INDUSTRY IN THE CONTEXT OF COVID-19. Strategic decisions and risk management. 2020;11(4):412-419. https://doi.org/10.17747/2618-947X-926