Page 68 - Azerbaijan State University of Economics

TH
THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 1, 2013, pp. 77-96 E JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 2, 2013, pp. 67-79

FRAMEWORK CONDITIONS FOR USING RENEWABLE ENERGY SOURCES: QUO
VADIS, UKRAINE?

Dr. Alla Rozhko

Ternopil National Economic University, Ukrainian-German Economic Faculty, 11a Lvivska st.,
bld.11, 46020 Ternopil, Ukraine
E-Mail: [email protected]

Prof. Dr. Hans Wiesmeth
TU Dresden, Faculty of Business and Economics, Chair of Allocation Theory,
01062 Dresden, Germany
E-Mail: [email protected]

Received 14 May 2013; accepted 29 November 2013; published online 25 December 2013

Abstract

Increasing the share of renewable energy sources in the consumption of primary energy has
been the subject of national energy policies in many countries – for some time and for various

reasons. This is also true for Ukraine, with its vast supply of renewable energy sources, which are,
however, presently used only to the lowest degree. Based on these facts this paper analyzes the

current situation in the field of renewable energy sources of Ukraine and proposes certain changes to

the legal framework, which would lead to an “energy transition” in Ukraine.
Keywords: renewable energy, energy policy, green tariffs, energy dependency, security of
supply
JEL Classification Codes: Q27; Q28

1. Introduction
In the last few years the use of renewable energy sources has gained (with increasing

intensity) a momentum due to the importance of global warming and other civilization’s

disasters. Thus, for example, the share of renewables within total electricity consumption of
Germany should respectively rise to 35% by 2020 and 80% by 2050. In addition, the primary

energy consumption is expected to decline by 20% by 2020 and by 50% by 2050 compared to
2008. The CO2 emissions would thus reduce by 40% by 2020 and by 80% by 2050 compared to

1990. In the medium term, Germany will, in addition, entirely refrain from nuclear energy. The
state policy thus intends to protect the climate, to reduce the dependence on imports of fossil

energy sources, but also to build and establish a globally competitive industry in the field of

67