ECONOMIC PROSPECTS AND DIRECTIONS FOR THE DEVELOPMENT OF ALTERNATIVE ENERGY IN UKRAINE
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Abstract
In Ukraine, where the ongoing war creates additional challenges for the development of the energy sector, the economic prospects for increasing the share of renewable energy sources include a number of advantages, in particular, reducing dependence on energy imports and increasing energy and economic security. The purpose of the article is to analyze the main vectors of alternative energy development in Ukraine and the relevant economic prospects in the current context of military challenges. In the process of research, general research methods were applied, such as analysis and synthesis, generalization, comparison, systematization and specification. The article considers key economic tools for implementing the “green” energy concept, including economic incentives and business motivation for the transition to renewable energy sources. The features of the “green” economic and energy strategy of national development in developed European countries are analyzed. The economic prospects for increasing the share of renewable energy are highlighted: reducing import dependence, increasing the resilience of the energy system to external shocks due to diversification of sources, creating new jobs, stimulating the investment process, reducing greenhouse gas emissions and achieving sustainable development goals. The main vectors of innovative development of alternative energy in Ukraine are substantiated, including digital transformation of management processes, optimization of institutional support and improvement of the legislative framework in accordance with European standards, strengthening public-private cooperation in the industry, diversification of supply, technical modernization of the energy system, and improving the investment climate. The study proves the possibility of increasing the stability and resilience of the national energy system through the active development of renewable energy with the use of targeted economic tools.
How to Cite
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renewable energy, critical infrastructure, national security, sustainability, incentives, diversification
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