Frai M.E.Institute of Economics of Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation email@example.com ORCID id: not available
Subject. The article discusses limited sources of energy nowadays and an ongoing survey of new ones. I focus on fuel and energy complexes worldwide and in Russia. Objectives. The study is to analyze the future use of alternative energy sources in the fuel and energy complex nationwide and worldwide. I review the existing energy sources of the fuel and energy complex in the global and regional markets, specifically the alternative ones. Methods. The study relies upon methods of statistics, analysis and systems approach. Results. The article demonstrates that the fuel and energy complex strongly depends on the current situation in the energy resource market, which is difficult to forecast. If we continue relying on traditional energy resources, we get exposed to some risks affecting the sustainable development of the economy. Russia should diversify the power engineering sector by developing alternative energy sources. The article sets forth the economic rationale for alternative sources and key steps Russia shall make. Conclusions and Relevance. Considering the current situation in the energy balance, alternative energy is what any advanced society seeks for, being supported by manufacturers, governmental institutions, and researchers, though low profitability and high infrastructure costs impede its development. In Russia, these challenges are even more palpable. However, even now Russia is able to find alternative energy solutions. In addition to advantages of alternative energy, which is globally proclaimed, they will also help Russia diversify and update the economic system.
Keywords: alternative energy source, power plant, energy efficiency, energy security
Yergin D. V poiskakh energii: resursnye voiny, novye tekhnologii i budushchee energetiki [The Quest: Energy, Security, and the Remaking of the Modern World]. Moscow, Al'pina Didzhital Publ., 2011, 45 p.
Hopkirk P. The Great Game: The Struggle for Empire in Central Asia. New York, Kodansha, 1994, 565 p.
Ignatishin Yu.V. Sliyaniya i pogloshcheniya. Strategiya, taktika, finansy [Mergers and acquisitions. Strategy, tactics, finance]. St. Petersburg, Piter Publ., 2005, 208 p.
Vasilenko A.B., Tetel'min V.V. Sovremennaya energetika i energetika budushchego: Tekhnologii proizvodstva. Netraditsionnye istochniki. Ekologicheskaya bezopasnost' [Modern energy and energy of the future: Manufacturing technologies. Unconventional sources. Environmental security]. Moscow, Lenard Publ., 2018, 240 p.
Livshits S.A. [Renewable energy: Today and tomorrow]. Aktual'nye problemy gumanitarnykh i estestvennykh nauk = Actual Problems of the Humanities and Natural Sciences, 2017, no. 3-1, pp. 102–104. (In Russ.)
Ratner S.V., Maslova S.S. [State incentives for electric vehicle market development: Best practices]. Finansy i kredit = Finance and Credit, 2017, vol. 23, iss. 22, pp. 1281–1299. (In Russ.) URL: Link
Energetika Rossii: vzglyad v budushchee. Obosnovyvayushchie materialy Energeticheskoi strategii Rossii na period do 2030 g [Power engineering in Russia: The vision of the future. Clarification of Russia's 2030 Energy Strategy]. Moscow, Energiya Publ., 2010, 616 p.
Esyakov S.Ya. [The governmental policy for the alternative energy development]. ZhKKh: zhurnal rukovoditelya i glavnogo bukhgaltera = Housing and Utilities: The Journal for the Head and Chief Accountant, 2003, no. 4-1, pp. 3–8. (In Russ.)
Arutyunov V. Neft' XXI. Mify i real'nost' al'ternativnoi energetiki [Oil in the 21st Century. Myths and the Reality of Alternative Power Engineering]. Moscow, Algoritm Publ., 2014, 220 p.
Baranov N.N. Netraditsionnye vozobnovlyaemye istochniki i metody preobrazovaniya energii [Unconventional renewable energy sources and energy conversion methods]. Moscow, MPEI Publ., 2011, 216 p.