Problemi Ekonomiki (Nov 2021)
Strategic Priorities of Ecomodernisation in Ukrainian Industry in the Context of Meeting Global Economic Challenges and Implementing Sustainable Development Goals
Abstract
The long-term absence of a targeted state policy which would promote technological modernization in the industrial sector and radical reforms in the energy sector has caused raw materials and environmentally "dirty" industries to remain the focus of Ukraine's economy. Emergence of new challenges and threats caused by the revision of approaches to environmental policy made by many countries due to the exacerbation of climate problems, and by strengthening the environmental component of economic policy along with the introduction of numerous economic restrictions due to the COVID-19 pandemic, updates research in the field of developing effective state policy mechanisms aimed at promoting eco-modernization and decarbonization in Ukraine’s industry. So, the article is aimed at studying the causes and consequences of high resource intensity of Ukrainian industry and related current challenges and threats, as well as at developing recommendations for state measures to be taken to support and stimulate eco-modernization, increase resource efficiency and introduce circular production models in industry. The article analyzes the situation with and current problems of industrial production in Ukraine. Key global trends in structural and industrial policy in the context of achieving sustainable development goals are outlined; the challenges and threats faced by Ukraine in the process of adapting its industrial complex to the new realities of strengthening the environmental requirements for industrial production are identified; current state policy initiatives that will stimulate energy efficiency, eco-modernization and decarbonization in Ukrainian industry are summarized. Based on the analysis, recommendations are developed for the priority measures of state policy aimed at implementing rational models of resource consumption and increasing resource efficiency for industrial output.
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