Innovative energy policy of the of the Eurasian Economic Union member countries

Peoples’ Friendship University of Russia (RUDN University), Faculty of Economics, Mikhlukho-Maklaya str., 6, 117198 Moscow, Russia

^* Corresponding author: iarodionova@mail.ru

Abstract

CIS countries gained independence in the early 1990s. Prior to this, they were republics within the Soviet Union, on the territory of which the Unified Energy System functioned. After the collapse of the USSR, each country in the post-Soviet space was forced to independently solve the problems of supplying its economy with energy. They will build relations with their neighbors in a new way, including in the energy sector. This article presents an analysis of the situation in alternative energy of the EEU member countries (Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan). At the same time, Russia and Kazakhstan have their own energy resources and even export surplus hydrocarbons. Therefore, they are less concerned about the development of alternative energy. At the same time, Belarus and Armenia are forced to import energy resources. And in the energy sector of Kyrgyzstan, the production of electricity at hydroelectric power plants predominates. Therefore, these states, which are experiencing a shortage of energy resources, are interested in the development of alternative energy. But these states have difficulties financing alternative energy. In general, a situation has developed in the post-Soviet space when foreign investors are actively investing in alternative energy. All projects are aimed at reducing dependence on energy supplies from Russia. At the same time, Russia practically does not take part in investment projects to develop alternative energy for neighboring countries. The article analyzes the mechanisms for implementing investment projects in alternative energy using the EEU countries as an example.