Implementation of innovative projects using renewable energy sources in the fields of “future economy”
Abstract
The aim of the article is to study the implementation of innovative projects for the use of renewable energy sources in the “economy of the future”. According to the concept of “green" energy transition, the following areas of "economy of the future" are identified: energy efficient industry, buildings, heat energy; electric transport; circulating economy, waste reduction; support for research and innovation on electricity storage, production and storage of green hydrogen; digitalization and technological changes; renewable energy sources – wind, solar, bioenergy. It is proved that renewable energy sources can meet 80% growth in electricity demand over the next 10 years. By 2025, renewable energy sources will displace coal as the main means of electricity generation. If states adopt more aggressive policies, the role of renewable energy will be even more active in the next five years. It is proved that it is important to create an appropriate market environment to attract large-scale private investment in innovative renewable energy projects. After all, without sufficient investment, networks will be a weak link in the transformation of the electricity sector, which will affect the reliability and security of electricity supply. The transition to renewable energy sources in the general energy supply, including transport and heating, is most active in large cities. To transition the city to the “green” energy, the issues of attracting investment, changing consumer behavior, integration of electricity with heat supply and transport, the state of existing energy infrastructure (electricity, gas, heating networks), distribution of energy consumption between sectors (buildings, mobility) and players in supply (large energy companies, enterprises, cooperatives).
The research of the basic tendencies of realization of projects of use of renewable energy sources in Ukraine is carried out. To ensure competitive conditions for the production of electricity from alternative energy sources, the introduction of incentive mechanisms and the installation of capacities for the accumulation of electricity at power plants is envisaged. Financial support for renewable energy at the state level is provided in two areas: tax benefits and credit support. Among the tax benefits and mechanisms in world practice are the following: investment tax credit; production tax credit; mechanism of partial or full compensation of interest for the use of loans by industrial companies and individual farms for the installation of energy storage systems; mechanism for exemption from taxation of imported equipment for energy storage systems, etc. However, Ukraine has not yet taken sufficient legislative and diplomatic steps to do so. Important are the problems of balancing the network, defaults and debts to market participants, the restructuring of the “green” tariff.
Downloads
References
Bloomberg: Renewable energy production in the world has doubled in the last 5 years. Available from: https://nachasi.com/2020/08/20/renewable-energy-doubled/
Bondarenko, S., Makoveieva, O., Polishchuk, A., & Mosin, M. (2020). Project approach in an anti-crisis management system of financial sustainability of industrial enterprise. Journal of Scientific Papers ʽʽSocial Development and Security’’, 10(2), 90-104. https://doi.org/10.33445/sds.2020.10.2.10
Bondarenko, S., Makoveieva , O., Niziaieva , V., & Vorona , A. (2020). High-tech manufacturing as a determinant of the economic development. Journal of Scientific Papers ʽʽSocial Development and Security’’, 10(1), 101-112. https://doi.org/10.33445/sds.2020.10.1.12
Buchnev A.O. (2016). Innovative development of renewable energy as the main component of the economy of the future. 192 p.
Carbon Disclosure Project (CDP), Available from: https://www.cdp.net/en
CNBM (n.d.), About, Available from: http://cnbm.com.ua/.
Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee, the Committee of the Regions and the European Investment Bank. Clear Energy for All Europeans COM/2016/0860 final, Available from: https://eurlex.europa.eu/legalcontent/EN/TXT/?qid=1481278671064&uri=CELEX: 52016DC0860#footnote21.
DTEK (2018), DTEK Renewables: Our Business, Available from: https://renewables.dtek.com/en/business/#botievckaya
DTEK (2019), Nikopol SPP starts green electricity generation, URL: https://dtek.com/en/ mediacenter/press/nikopol-spp-starts-green-electricity-generation-/
Dudyuk D.L., Mazepa S.S., Hnatyshyn Y.M. (2008). Unconventional energy: basics of theory and problems. 188 p.
Energy Watch Group (EWG), Available from: https://energywatchgroup.org/
European Green Deal, Available from: https://www.woodmac.com/nslp/european-green-deal/
Eurostat, Available from: https://ec.europa.eu/eurostat/ web/main/home
FMO, About SyvashEnergoProm LLC, Available from: https://www.fmo.nl/project-detail/54812.
Green Deal: The Innovation Council of Europe has allocated € 307 million to environmental startups, Available from: https://nachasi.com/2020/08/ 17/green-deal-startup/
IEA (2019), IEA Statistics, Available from: https://www.iea.org/statistics/.
International Renewable Energy Аgency. REmap 2030: Renewable Energy Prospects for Ukraine. Available from: https://www.irena.org/ publications/%202015/Apr/Renewable-Energy-Prospects-for-Ukraine
Mkhitaryan N.M. (1999). Energy of non-traditional and renewable sources. Experience and prospects. 320 p.
Mysak J.S., Wozniak O.T., Datsko O.S., Shapoval S.P. (2014). Sunny energy: theory and practice. 340 p.
On approval of the Energy Strategy of Ukraine for the period up to 2035 "Security, energy efficiency, competitiveness", Available from: https://zakononline.com.ua/documents/show/377771___377836
RECOM (2019), RECOM – Ukraine’s green energy venture partner, URL: https://recomsolar.com/recom-ukraines-green-energy-venture-partner/.
Renewable Energy Prospects for the European Union, Available from: https://www.irena.org//media/Files/IRENA/Agency/Publication/2018/Feb/IRENA_REmap_EU_2018.pdf
Scatec Solar (n.d.), Ukraine, Available from: https://scatecsolar.com/locations/ukraine/#ukraine.
Siemens Ukraine (n.d.), About, Available from: https://new.siemens.com/ua/en.html.
Syrotiuk M.I. (2008). Renewable energy sources. 248 p.
The concept of “green” energy transition of Ukraine until 2050, Available from: https://mepr.gov.ua/news/34424.html
TIU Canada (2019), About, Available from: https://tiucanada.com/about/.
Transforming our world: the 2030 Agenda for Sustainable Development – United Nations, Available from: https://sustainabledevelopment.un.org/post2015/transformingourworld
Ukraine Power Resources (2018), Building a Portfolio of Wind Power Projects in Ukraine, URL: https://ukrainepowerresources.com/.
USAID/DiXi Group (n.d.), Map: Energy Sector Transparency, URL: http://map.ua-energy.org/en.
World Energy Outlook 2020, URL: https://www.iea.org/reports/world-energy-outlook-2020
Abstract views: 434 PDF Downloads: 369
Copyright (c) 2020 Svіtlana Bondarenko, Iryna Perevozova, Tetiana Maksimenko
This work is licensed under a Creative Commons Attribution 4.0 International License.
The authors agree with the following conditions:
1. Authors retain copyright and grant the journal right of first publication (Download agreement) with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
2. Authors have the right to complete individual additional agreements for the non-exclusive spreading of the journal’s published version of the work (for example, to post work in the electronic repository of the institution or to publish it as part of a monograph), with the reference to the first publication of the work in this journal.
3. Journal’s politics allows and encourages the placement on the Internet (for example, in the repositories of institutions, personal websites, SSRN, ResearchGate, MPRA, SSOAR, etc.) manuscript of the work by the authors, before and during the process of viewing it by this journal, because it can lead to a productive research discussion and positively affect the efficiency and dynamics of citing the published work (see The Effect of Open Access).
