THE ROLE OF RENEWABLE ENERGY MARKETS IN SOLVING GLOBAL CONTEMPORARY PROBLEMS

Abstract

therefore, effective decarbonization of the energy sector has not yet been successful. Wind energy predominates in the structure of renewable energy, but in the future solar energy is projected to lead in the generation of world electricity, due to its leadership in terms of growth. It has been established that Using the real potential of renewable energy development together with measures to increase energy efficiency and end-user electrification can provide about 90% reduction in CO2 emissions associated with energy sector. The peculiarity of renewable energy markets has been clarified, which consists in the practical absence of international trade in such energy. This is due to, on the one hand, the lack of infrastructure for international trade. On the other hand, the rules of trade and even the role of goods for renewable energy are not yet fully formed in the World Trade Organization. It was found that, unlike fossil energy, the gain from international trade in renewable energy is received not by countries with excess energy resources, but by countries that produce equipment for its generation. It is proved that an effective settlement of development problems by states and international organizations will allow decarbonizing the economy and slow ing down anthropogenic environmental degradation.