| Abstract | This study focuses on how Russia can take steps to become a world leader in renewable energy technology and production. Specifically, the paper presents three approaches for Russia to achieve this goal: an external approach which brings in foreign investors, an internal accelerated approach in which Russia slowly adapts existing technology to become more energy efficient, and an internal accelerated approach in which Russia focuses on building renewable-based power plants and creating a cap-and-trade system. The work then presents three major obstacles to this goal and evaluates each approach in light of these obstacles, which are Russia's distrust of foreign nations, the weak Russian and global economy, and Russia's desire to be a world power. Upon completing this evaluation, the study determines that the internal accelerated approach best adapts to the three obstacles, and thus is selected as the optimal approach for Russia to make major strides in renewable energy technology. |
