Analysis of the development of renewable energy and state policy in improving energy efficiency

¹ Moscow Witte University, Department finance and economy, 119454, Russia
² L.N. Gumilyov Eurasian National University, 010000, Nur–Sultan, Kazakhstan
³ Karaganda University of Kazpotrebsoyuz, 100009, Karagandy, Republic of Kazakhstan
⁴ Saken Seifullin Kazakh Agrotechnical University, 010000, Nur–Sultan, Kazakhstan
⁵ Yessenov University, 139000, Aktau, Kazakhstan

^* 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.