Features of the development of renewable energy in a climate economy

Abstract

Object: The purpose of the article is to explore the possibility of using renewable energy to help mitigate the effects of climate change and improve the environment.
Methods: The article uses systematic, analytical, generalizing, comparative and statistical methods for determining the efficiency of renewable energy use in a climate economy. The methods used are based on the results obtained from the official statistics of the International Renewable Energy Agency, scientific concepts obtained in scientific articles of domestic and foreign scientists.
Findings: The article analyzes the dynamics of installed renewable energy production capacities, as well as annual global investments in renewable energy sources, energy efficiency and other technologies. According to the authors, public policy should encourage technological innovation in universities and industry, which can help in the production of fuels and expensive products from a variety of renewable energy sources. The current situation in the renewable energy market shows an annual increase in this type of energy, however, work needs to be done to create appropriate infrastructure and innovative technologies.
Conclusions: The main directions for combating climate change related to the development of renewable energy sources should be determined using innovative technologies to develop coordinated centralized and decentralized strategies, introduce financial technologies in the renewable energy sectors, maximize the socio-economic consequences of renewable energy sources and determine the relationship of renewable energy sources with the environment.