TRENDS IN THE DEVELOPMENT OF THE GLOBAL RENEWABLE ENERGY MARKET

Global development of renewable energy sources (RES) is a global and irreversible trend. The basicfactor contributing to the development of the global renewable energy market are the objectives related toclimate policy and environmental protection. Technological development and the potential of renewable sourcesmean that RES will be the most frequently installed source of energy in the world in the coming years.Renewable energy enables the diversification of energy sources. It promotes increased security and increasedcompetitiveness. The creation of "clean-green" technologies also favors the creation of new industries and newjobs. They are conducive to economic growth, increased exports and the development of specialist knowledge.On the basis of renewable energy sources, new connections between science, investments in infrastructure,production and logistics as well as economic models that allow achieving goals are created.The aim of the article is to present the state of development of the global market for renewable energy sources,taking into account the share of individual technologies, dynamics of changes, employment in RES, investmentand costs. The research material was the reports of international organizations analyzing the renewable energymarket and Eurostat statistical materials. Research methods used in the work include the analysis and synthesisof reports, documents, and normative acts. These analyzes allowed to assess the development of the global RESmarket and the participation of individual regions and countries in it. They allowed to formulate trends, forecastsand trends in the development of the global RES market in the coming years. The analyzes and synthesesperformed prove that the industries related to renewable energy sources have favorable development conditionsin the future.