Growth of competitiveness and renewable energy sources

Abstract

At present, the urgency of Moldovan policy is integration into the European Union. Neither Moldova nor the European Union possesses energy resources; they are importing countries. The pressing energy crisis has accelerated the development of green energy in the European Union. Although the share of electricity produced by renewable energy sources in the European Union is significantly higher than in Moldova, it is still insufficient to ensure a continuous production process. The European Union's economy, a significant player in the global market, still heavily relies on traditional energy sources. It is impractical to replace natural gas and gasoline everywhere. As a result of this critical situation, some large companies are forced to close their business in the European Union and move production to other countries, primarily to the United States. The energy crisis has significantly worsened the economic situation in Moldova, highlighting the urgent need to develop renewable energy sources.