scholarly journals THE CURRENT SITUATION AND WORLD TRENDS OF GREEN ENERGY DEVELOPMEN

2020 ◽  
Vol 1(13) ◽  
pp. 55-60
Author(s):  
Kateryna Redko ◽  
◽  
Oleksandra Furs ◽  
Keyword(s):  
Renewable Energy ◽  
Natural Gas ◽  
Electricity Market ◽  
Alternative Energy ◽  
Green Energy ◽  
Green Economy ◽  
Practical Significance ◽  
Regulatory Function ◽  
Capital Costs ◽  
Alternative Sources

As demand for electricity grows significantly, the main drivers of new capacity are the disposal of older, less efficient fossil fuel units; the near-term prospect of having tax credits for renewable energy; and long-term reductions in capital costs for renewable energy, especially solar photovoltaic. Low natural gas prices and favorable renewable energy costs make natural gas and renewable energy the main sources of new generation capacity by 2050. The main purpose of the scientific article is to cover the main problems of the electricity market of Ukraine, to analyze the process of promotion of green energy, to highlight the cases when the transition to alternative sources is a profitable process, in the context of uncertainty and rising prices for traditional energy sources. The article uses a number of general scientific and specific research methods, including methods of analysis and synthesis, scientific deduction and induction. The practical significance of the research is to develop recommendations for improving the state's regulatory function in the field of alternative energy. The large-scale introduction of non-traditional renewable energy in Ukraine will make a significant step in reducing the country's energy dependency, protecting the environment and creating the conditions for a country to join the European community. The scientific novelty is to study the stimulation of energy production using alternative sources, to study the creation of favorable economic conditions for the construction of alternative energy facilities, the development of a "green" economy and to ensure sustainable development of Ukraine. Conclusions and prospects for further research. In Ukraine, the alternative energy sector is developing slowly, but some structural shifts are noticeable, though far from planned. Many small and medium-sized enterprises have already installed solar panels in order to reduce the cost of production and generate additional profits. Further research requires the search for tools and mechanisms in the RES incentive system, with an assessment of the economic impact of their use, using modeling and forecasting methods and models. Keywords: electricity market, energy efficiency, energy intensity of the economy, renewable energy, green tariff

scholarly journals Formation of institutional components of cooperative development of alternative energy in the agricultural sector of economy

Ekonomika APK ◽  
2020 ◽  
Vol 310 (8) ◽  
pp. 72-81
Author(s):  
Oleksandr Shpykuliak ◽  
Ilona Bilokinna
Keyword(s):  
Alternative Energy ◽  
Power Plants ◽  
Agricultural Sector ◽  
Green Energy ◽  
Green Economy ◽  
Practical Significance ◽  
Energy Sources ◽  
Renewable Sources ◽  
Alternative Energy Sources

The purpose of the article is to characterize the role of "green" cooperatives in the formation of institutional components of the development of alternative energy in the agricultural sector of the economy. Research methods. The article uses such a theoretical method as generalization during the study of the essence of the category of "green" energy cooperative. As well as the method of analysis in the process of considering the current state of development of alternative energy in Ukraine. In addition, an explanation method was used to study the role of "green" energy cooperatives in the development of alternative energy. Research results. The basic concept of "cooperation" and the derivative "energy cooperative" from the point of view of various authors are considered, the own explanation of the term "green" energy cooperative is given. The state of development of alternative energy in Ukraine is described. The trends of energy consumption based on renewable sources in the country for 2013-2018 are analyzed, according to which the share of energy supply from renewable sources is growing every year in 2018 with a rate of 4.6%. Motivations for active construction of solar power plants with the largest number of such in Dnipropetrovsk and Ternopil regions were noted. The institutional components of the development of alternative energy are noted, the emphasis is on "green" cooperatives. The main normative legal acts, ie formal institutions regulating renewable energy in the country, namely laws, orders, strategies are considered. An element of the institutional mechanism, such as organizations that control and structure the process of development of alternative energy sources, including in the agricultural sector of the economy, is analyzed. An example of successful experience of foreign countries in "green" energy cooperation, including the United Kingdom and Germany. Scientific novelty. The own explanation of the category "green" energy cooperatives "is formed. The importance of energy cooperatives in the development of the "green economy" in the agricultural sector of the economy is proved. Practical significance. The results of the study can be used to accelerate the further active development of "green" energy cooperatives, which will have a significant impact on increasing the production and consumption of alternative energy sources in rural areas, as well as reducing energy costs by farms and private farms. Tabl.: 1. Figs.: 2. Refs.: 23.

Modern Trends in the Production of Renewable Energy: the Cost Benefit Approach

2021 ◽  
pp. 6-17
Author(s):  
Leonid Hr. Melnyk ◽  
Larysa V. Shaulska ◽  
Olena I. Matsenko ◽  
Vladyslav S. Piven ◽  
Vladyslav V. Konoplov
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Power Plants ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Cost Benefit ◽  
Green Energy ◽  
Green Economy ◽  
Energy Sources

In the article modern trends in the production of renewable energy were analyzed. It was determined that renewable energy sources have many undeniable advantages. First of all, they are much more environmentally friendly than traditional methods of generating energy based on the combustion of fossil fuels. Another advantage of renewable energy sources is their distribution. Unlike traditional energy fuel sources that units possess, renewable energy sources are available to most of the world's inhabitants. It was considered that today in the country there are a number of motivational tools that stimulate the development of green energy. It was proved that the ways of sustainization of the energy sector are associated with three main areas of energy use: electricity generation; heating and cooling of premises; driving vehicles. A system of subsidies for primary investments (purchase and installation of equipment), as well as the commercialization of «green» electricity (costs of entering the market, partial insurance of risks), is applied. It was determined that a separate page in the formation of alternative energy is the rivalry of two directions of its development, based on the creation of concentrated and deconcentrated (distributed) power plants. The first focuses on the concentration of production energy units (solar panels or wind turbines) in one area. The second direction is associated with the deconcentrating of energy sources, that is, the dispersal of individual capacities both across the territory and by forms of ownership. The transition to renewable energy sources is critical for most countries. This is one of the most important steps towards ensuring their energy independence and further restructuring of economic systems towards the formation of a «green» economy. It is gratifying that, along with other countries, Ukraine is making its efforts in this.

Is it attractive to invest in alternative energy? Evidence from a five-factor Fama-French model for regional DJSI and renewable stock indexes

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Antonio Garcia-Amate ◽  
Alicia Ramírez-Orellana ◽  
Alfonso A. Rojo Ramirez
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Factor Model ◽  
Five Factor Model ◽  
Private Investment ◽  
Ordinary Least Squares ◽  
Green Economy ◽  
Economic Implications ◽  
Content Type ◽  
Thomson Reuters

PurposeThis study aims to examine the attractiveness of the regional Dow Jones Sustainability Indexes (DJSI) and several renewable energy indexes during December 31, 2010 to December 31, 2019. This study uses a risk-return analysis and a set of explanatory factors. Lastly, this study conducts a comparative analysis of these indexes with conventional indexes. Design/methodology/approachThis study uses data from Eikon, a Thomson Reuters database. To analyze the indexes’ behavior, this study uses the indexes’ annual return as of December 31 for each year. Next, this study estimates the Fama and French’s five-factor model using an ordinary least squares regression for regional DJSI and renewable energy indexes. FindingsThe results show that regional DJSIs delivered returns both above and below conventional indexes. In contrast, renewable energy indexes had high betas and negative returns, making them unattractive to investors. Practical implicationsThe results imply the need for public financing programs that support the transition to a sustainable economy and reduce risk and increase the return on private investment. Social implicationsThis study provides insights for policymakers regarding the importance of sustainability indexes in the transition to a green economy. Originality/valueThis study contributes to the growing literature on Fama and French’s five-factor model of sustainability indexes, especially in the current context characterized by intense green political changes. In particular, this study complements the few studies that have addressed the economic implications of renewable energy indexes in markets.

scholarly journals Renewable energy and green market development in Russia

2020 ◽  
Vol 207 ◽  
pp. 02009
Author(s):  
Violetta Gassiy ◽  
Vasiliy Stoikov
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Renewable Energy Sources ◽  
Developed Countries ◽  
Green Energy ◽  
The Arctic ◽  
Energy Sources ◽  
Factors Affecting ◽  
Goods And Services ◽  
Green Market

The paper discusses the possibilities of green energy in improving the economic growth of regions, the development of the green market and its importance in implementing environmental protection policy. The author considers the premises for the formation of a market of renewable energy sources in developed countries, studying world trends, as well as the conditions and factors affecting the development of the ecological market of green goods and services in modern Russia. The paper analyzes legislative initiatives to develop an alternative energy market, taking into account Russia’s accession to the Paris climate agreement. The author gives examples of regional experience in Russia that are already implementing projects for the installation of alternative energy generators, wind and solar. The conditions and factors for the energy capacities development based on renewable sources in the Arctic territories are also considered. The author concludes that the development of renewable energy sources must be considered in the line of the energy strategy of Russia, as well as with issues of digitalization of the industry, microgeneration, the introduction of energy storage systems.

scholarly journals Perspectives of energetic exports of Russia in terms of development of the renewable energy sources

2021 ◽  
Vol 296 ◽  
pp. 01007
Author(s):  
Elena Andreeva ◽  
Alla Golovina ◽  
Victoria Zakharova
Keyword(s):  
Renewable Energy ◽  
Natural Gas ◽  
Energy Supply ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Energy Carrier ◽  
Energy Sources ◽  
Energy Carriers ◽  
The World ◽  
New Energy

The changes in the sphere of the main energy sources in the world and in individual countries were highlighted; the prospects for Russian energy carriers in the global hydrocarbon market were identified. The demand for an energy carrier whose use in Germany is planned to be discontinued (coal) and the demand and competition for natural gas - Russian energy carrier that remains competitive in the conditions of “green” energy were analyzed. The Russian opportunity to save the energy supply market on the background of the new energy order are considered.

scholarly journals Management of investment process in alternative energy projects

2019 ◽  
Vol 110 ◽  
pp. 02032 ◽  
Author(s):  
Olga Rostova ◽  
Svetlana Shirokova ◽  
Natalya Sokolitsyna ◽  
Anastasiia Shmeleva
Keyword(s):  
Alternative Energy ◽  
Business Models ◽  
Green Energy ◽  
Green Economy ◽  
Full Description ◽  
High Tech ◽  
Management Algorithm ◽  
Energy Projects ◽  
Green Business ◽  
Investment Process

The article is devoted to the problem of creating favorable conditions and incentives for attracting investments in alternative energy projects in the regions. An analysis of Russian practice in the field of “green” financing showed that individual projects are being effectively implemented, but there is no established mechanism for attracting investments for “green” energy projects in the regions. The implementation of high-tech projects requires large amounts of investment, but in most cases, “green” business models are of high-risk and require a set of additional measures and incentives. The study suggests approach to the management of investment processes in regional alternative energy projects in accordance with the concept of green economy, formulates management algorithm, and gives full description of each stage. This work recommendations and results can be used in needed regions investment attractiveness raise measures elaboration for alternative energy projects realization.

scholarly journals PROSPECTS` ESTIMATION OF RENEWABLE ENERGY POWER OF THE NORTHERN BLACK SEA REGION

2019 ◽  
pp. 36-41
Author(s):  
V. Zapototska ◽  
O. Skliarov
Keyword(s):  
Renewable Energy ◽  
Black Sea ◽  
Electricity Market ◽  
Electricity Generation ◽  
Alternative Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Infrastructure Development ◽  
Small Hydropower ◽  
Black Sea Region

The features of the location and functioning of renewable energy sources in the Northern Black Sea region in the context of political and economic transformations are considered. The strategic importance and expediency of using alternative energy power with the use of a “green” tariff and the implementation of a new electricity market have been proved. Analyzed the main factors of development and operation of renewable energy sources, among ecology-geographical, socio-geographical, economic and geopolitical. The ecology-geographical factor makes assess first of all the natural and ecological conditions on the territory, which can be used to create new renewable energy power complexes with huge economic efficiency. For the Ukrainian Black Sea region, the prospects for the development of renewable energy power are primarily related to the use of wind, solar, biomass and geothermal energy. The Northern Black Sea that is part of Ukraine, which receives the largest amount of solar radiation and has a lower relief, which facilitates the movement of winds from the coast of the Black and Azov seas deeper into the territory. In the system of socio-geographical factors, the population density, the pattern of settlements, the level of infrastructure development, the availability of skilled labour forces and the availability of energy consumers will be estimated. An economic factor has allowed evaluating and analyzing the cost of electricity generation from renewable energy power. The assessment of the geopolitical factor enabled the possibility and prospects of cooperation with investors from Norway, Germany, Austria and the Czech Republic. Taking into account advanced international experience in the study of renewable energy capacity. Improved scientific methods for the investigation of renewable energy sources from the standpoint of social geography, not just within technological, engineering and economic areas. The principles of localization of alternative energy power are highlighted, which take into account the socio-geographical features of the Northern Black Sea Region: spatial distribution, labour resource potential, production infrastructure, economic attractiveness, regional competitiveness, etc. Identified functional and sectorial types of the regions of the Northern Black Sea region, which depending on the prevailing types of generation and the volume of production of electric energy. According to the results of the research, four functional-branch types have been identified: solar power – Odesa Region, wind – Donetsk, wind and solar – Kherson and Zaporizhzhia and wind and solar + small hydropower + bioenergy – Mykolaiv Region. By 2026, we predicted changes of those types for the following: wind – Donetsk (without changes), solar + wind – Kherson, Zaporizhzhia (without changes) and Odessa regions and wind + solar + small hydropower + bioenergy – Mykolaiv Region (without changes).Reflected energy- deficient and energy-surplus areas within the Northern Black Sea region, taking into account the balance of renewable energy power and total electricity generation. Investigated the potential of using alternative energy power using three-dimensional mathematical models. Spatial analysis of the most favourable spaces and areas for the development of new capacities of renewable energy power, taking into account the above factors and determinants, has been carried out. The further development of renewable energy power was adjusted according to the United Energy Network Development Plan until 2026 and the flow of foreign direct investment from the countries of the European Union. Presented trend in the dynamics of the distribution of renewable energy power.

scholarly journals Economic viability and profitability assessments of WECS

2020 ◽  
Vol 10 (2) ◽  
pp. 1220
Author(s):  
Mohammed Kdair Abd
Keyword(s):  
Wind Energy ◽  
Alternative Energy ◽  
Power Plants ◽  
Electrical Energy ◽  
Green Energy ◽  
Energy Prices ◽  
Wind Energy Conversion ◽  
Alternative Energy Sources ◽  
Technological Advances ◽  
Alternative Sources

Technical and technological advances in alternative energy sources have led many countries to add green energy to their power plants to reduce carbon emissions and air pollution. At present, many electricity companies are looking to use alternative sources of energy because of high electrical energy prices. Wind energy is more useful than many renewable energies such as solar, heat, biomass, etc. The Wind Energy Conversion System (WECS) is a system that converts the kinetic energy of the wind into electrical energy to feed the known loads. WECS can be found in a variety of technology. Climate change and load demand are essential determinants of WECS optimization modelling. In this paper, proposed a strategy focused primarily on economic analysis WECS. The strategy based on a weather change to find the optimal designing and modelling for four different types of WECS using HOMER software. Finally, several criteria were used to determine which type of WECS was the most profitable investment and less payback period.

scholarly journals What Do The Youth Know About Alternative Energy Sources – Case Study From Hungary And Slovakia

2015 ◽  
Vol 4 (2) ◽  
pp. 36-41 ◽  
Author(s):  
Katalin Takács-György ◽  
Szilvia Domán ◽  
Antalné Tamus ◽  
Elena Horská ◽  
Zuzana Palková
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Important Task ◽  
Green Economy ◽  
Energy Sources ◽  
Young Generation ◽  
Alternative Energy Sources ◽  
The Future

Abstract Wider use of alternative energy sources is a real requirement of sustainable economy – not only from the point of view of limited natural resources –, and there is a question what is the knowledge, the attitude of young generation. As there is a strong connection between the use of renewable energy and sustainability, the issues must be examined together. On the other hand it can be observed that there is a tendency that people are becoming more open and inquiring towards renewable energy sources, and environment protection is considered as a very important task. The main goals of the research were to examine the knowledge of the young generation taking part in higher education on sustainability and alternative energy, and to find out their attitudes to the use of different alternative energy sources. Also, our hypotheses said that the level of knowledge of sustainability and their attitudes to the environment issues are connected. We compared the results of two surveys carried out in 2014 among the students of a Hungarian and a Slovak higher educational institute. According to the primary results it can be stated that the increasing environmental awareness of young generation is visible, although as for the concepts of sustainability and their knowledge on alternative energy sources, as well as their expectations for the future, there was no significant correlation between their opinions in the Hungarian sample. It was proved that they have open minds towards environmental consciousness, and follow the renewable energy sources with attention. A bit more than a half of the sample has real knowledge on sustainability – we mean the three-pillars model here –, more the mail interview has higher knowledge and for the future they thought the question as a very important one. Considerable majority of the respondents, compared to their capabilities, try to live environmentally-sound life, will do more than one thing to save their environment, although also some negative responses slightly appeared in the received results. Primary results of the Slovak sample are similar; respondents do similar measures for environment at their households as their Hungarian colleagues, but with different priority. Concerning the knowledge of concept of “green economy”, “blue economy” and the “non-growth”, it can be summarized that the awareness is evident but in many cases, there is just few information and weak knowledge connected with the terminology and practical consequences. We think it is an important task of education to increase the awareness of young people on sustainable energy use and to let them accustomed to the thought of green economy and non-growth theories, since the expansion of knowledge may help in the development of a more positive attitude, which will then, hopefully, encourage their actions in the future.

scholarly journals The Impact of European Environmental Policies on Energy Prices. Possible Solutions in the Black Sea Region

2021 ◽  
Author(s):  
Ioan-Cătălin Murărașu
Keyword(s):  
Renewable Energy ◽  
Black Sea ◽  
Energy System ◽  
Green Energy ◽  
Green Economy ◽  
Spot Price ◽  
The Black Sea ◽  
Energy Prices ◽  
Black Sea Region ◽  
The Impact

Even if in Europe the costs of the transition to a green economy are reflected in the final consumer’s bills and in the prices of finished products - an effect already felt in the Community - the necessity to clean up the economy cannot be disputed. However, Europeans need to determine if the priority is to give up conventional energy or to develop the green energy production, because it is becoming increasingly clear that the two objectives cannot be achieved simultaneously without affecting the purchasing power of Europeans. Within this context, the study involves: a) the statistical analysis of the impact of the conventional energy overtaxation and the renewable energy subsidization on the average price charged by suppliers for final consumers on the Romanian market in the first three quarters of 2021 and b) to identify the correlation coefficient between the spot price for energy on the Romanian market and the share of renewable energy in the national mix for the same period. The objective of the research is to assess the costs paid by the final consumers within the context of the energy transition and the production capacity of renewable sources that must be added to the National Energy System for their amortization. The results show the importance of the Black Sea basin in the regional energy equation and its potential to become a point of attraction for European energy investments.

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