Currently, renewable energy (RE) is one of the core issues brought up monthly on the global market. The created green energy policy and support of the most advanced countries are aimed at its development. State-of-the-art technology, necessary scope of knowledge, and optimal conditions for using renewable sources of energy altogether are the factors for focusing on the development of the industry. The core purpose of the research was to reveal facts of the current formation of the RE sector. As a result of the research, we found out that the RE sector is currently achieving its peak of popularity. The issue is of worldwide relevance, and the leading countries focus their efforts on supporting the industry, while municipalities extensively implement such facilities in large cities. RE resources are also used in such areas as the transportation, cooling, heating, and energy industry, and many others.
The main purpose of this research is to reveal the current state of the manufacturing industry in the Eurasian Economic Union (EAEU) countries in terms of environmentally sustainable development. Based on UNIDO's experts -Jaime Moll de Alba and Valentin Todorov's methodology of a composite green industrial performance (GIP) index, we rank and analyse the industrial performance of the EAEU countries. Finally, we use correlation analysis to compare the GIP scores with UNIDO's competitive industrial performance index and conclude that the progress in the greening of the manufacturing industry will contribute to the improving the industrial competitiveness of the EAEU countries.
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