Financial Support of Renewable Energy and Energy Efficiency Measures in Ukraine

Abstract

The article examines the main instruments of financial support for the development of renewable energy and energy efficiency measures in Ukraine, such as "green" tariff, "warm" loans, ESCO agreements, grants from the State Energy Efficiency Fund. The prospect of introducing "green" bonds, in particular the formation of the necessary regulatory framework for the use of this financial instrument. The energy balance of Ukraine in the context of energy generation from traditional and alternative sources is characterized. The dynamics of growth of generation from renewable sources and the factors that influenced growth are analyzed. The advantages of financing the development of renewable energy and energy saving at the macroeconomic and microeconomic levels are considered. The importance of increasing the production of energy from renewable sources and the introduction of energy efficiency measures in the domestic and industrial sectors of the economy for the energy security of Ukraine is underlined. The causes of the crisis of non-payment for alternative energy produced on the Ukrainian energy market and the negative consequences of this crisis for the banking sector of Ukraine are studied. The use of financing instruments for the implementation of energy efficiency measures is considered in detail. The formation of a balanced financial support mechanism to prevent the emergence of destabilizing factors in the national economy, as well as for a "green" transition in the energy sector is substantiated.

Keywords

• energy efficiency
• energy-saving
• financial support
• "green" credit
• "green" tariff
• renewable energy