The development of renewable energy and state policy in improving energy efficiency

¹ Moscow Witte University, Department finance and economy, 115432, 2-I Kozhukhovski p., 12, bd.1, Moscow, Russia
² Academy of labor and social relations, Department of Philosophy and Sociology, 119454, Russia, 88, Lobachevskogo
³ Karaganda State University named after E.A. Buketova, 100009, 28, Universitetskaya street, Karaganda, Republic of Kazakhstan
⁴ Financial University under the Government of the Russian Federation, 125993, 49 Leningradsky Prospekt, Moscow, Russia
⁵ Astana International University, Department «Higher school of Economics», 010000, 8, Kabanbay batyr avenue, Nur-Sultan, Republic of Kazakhstan
⁶ Academy of labor and social relations, Departments of Labor Economics and Personnel Management, 119454, 88, Lobachevskogo, Moscow, Russia
⁷ V.I. Vernadsky Crimean Federal University, Department of Public Administration, 295007, 21/4, Sevastopolskaya street, Simferopol, Republic of Crimea

^* Corresponding author: shakizada.niyazbekova@gmail.com

Abstract

This article examines the state policy in the field of electric power industry aimed at increasing energy saving. Taking into account all the pros and cons of classical types of electricity production, more and more attention is paid to new, emerging sources, in particular, biofuels and processing of production and consumption waste. Wind power is an innovation that has received investment for development before, but the previous advanced production has not had much success. Russia and the international community have recognized the advantages of renewable energy sources based on wind over traditional energy sources, and the Russian wind energy industry has become the object of close attention not only of domestic entrepreneurs, but also of foreign companies that consider it as a profitable industry for long-term investment.