Legal basis of the state incentive of attracting extra-budgetary public funds, “green” investments and self-support for achieving a “green” transition of the energy sector of the economy

The article is devoted to the analysis of the principles of legal regulation of state stimulation of the attraction of extra-budgetary public funds, «green» investments and self-sufficiency for the implementation of the «green» transition of the energy sector of the economy, the legal consolidation of the state policy of «green» transition& This is due to Ukraine’s participation in the Energy Community and obligations regarding implementation of the Fourth EU Energy Package «Clean energy for all Europeans», the tasks of Ukraine to simplify the procedure for the transition to the consumption of «green» electric energy, the production of goods using clean energy, the introduction of measures to stimulate energy efficiency, including for household consumers, achieving the status of a climate-neutral country . It is noted that state support for the «green» transition occurs not only at the expense of budget funds, but also in the form of attracting public funds, in particular, funds from specially formed state enterprises and funds from current accounts with a special mode of use of electricity suppliers, and through state incentives to attract «green» investments and other private funds. At the same time, funds of funds formed in the field of energy are increasingly subject to a special public-legal regime of their use and public financial control. Such instruments of state support as «green» tariff, purchase by a guaranteed buyer, state simulation of «green» electrometallurgy, and state stimulation of electricity production from alternative energy sources using the self-production mechanism are highlighted. The need to increase the transparency of the use of the funds of state enterprises for sponsorship and humanitarian aid, as well as the activities of the Guaranteed Buyer and other providers of universal services for the mandatory purchase of electricity produced under the «green» tariff, was noted. The special «mixed» nature of the legal regulation of the specified relations is noted, since the share of relations of a public-law nature is increasing, due to the acquisition of greater social significance by individual funds of funds formed at the expense of consumers of electric energy, with the acquisition of a public-law mode of operation of the funds, that are mobilized from electricity suppliers on current accounts with a special mode of use for making calculations, respectively.

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Publication Details

Journal
Uzhhorod National University Herald Series Law
Published
2024-11-22
DOI
https://doi.org/10.24144/2307-3322.2024.85.3.32
Primary Topic
Economic Issues in Ukraine
Type
article
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article

Legal basis of the state incentive of attracting extra-budgetary public funds, “green” investments and self-support for achieving a “green” transition of the energy sector of the economy

В. Г. Савенкова, Nataliia Iakymchuk, Yu. V. Zhytnyk
Uzhhorod National University Herald Series Law
Economic Issues in Ukraine
article

Legal basis of the state incentive of attracting extra-budgetary public funds, “green” investments and self-support for achieving a “green” transition of the energy sector of the economy

В. Г. Савенкова, Nataliia Iakymchuk, Yu. V. Zhytnyk
article en

Abstract

The article is devoted to the analysis of the principles of legal regulation of state stimulation of the attraction of extra-budgetary public funds, «green» investments and self-sufficiency for the implementation of the «green» transition of the energy sector of the economy, the legal consolidation of the state policy of «green» transition& This is due to Ukraine’s participation in the Energy Community and obligations regarding implementation of the Fourth EU Energy Package «Clean energy for all Europeans», the tasks of Ukraine to simplify the procedure for the transition to the consumption of «green» electric energy, the production of goods using clean energy, the introduction of measures to stimulate energy efficiency, including for household consumers, achieving the status of a climate-neutral country . It is noted that state support for the «green» transition occurs not only at the expense of budget funds, but also in the form of attracting public funds, in particular, funds from specially formed state enterprises and funds from current accounts with a special mode of use of electricity suppliers, and through state incentives to attract «green» investments and other private funds. At the same time, funds of funds formed in the field of energy are increasingly subject to a special public-legal regime of their use and public financial control. Such instruments of state support as «green» tariff, purchase by a guaranteed buyer, state simulation of «green» electrometallurgy, and state stimulation of electricity production from alternative energy sources using the self-production mechanism are highlighted. The need to increase the transparency of the use of the funds of state enterprises for sponsorship and humanitarian aid, as well as the activities of the Guaranteed Buyer and other providers of universal services for the mandatory purchase of electricity produced under the «green» tariff, was noted. The special «mixed» nature of the legal regulation of the specified relations is noted, since the share of relations of a public-law nature is increasing, due to the acquisition of greater social significance by individual funds of funds formed at the expense of consumers of electric energy, with the acquisition of a public-law mode of operation of the funds, that are mobilized from electricity suppliers on current accounts with a special mode of use for making calculations, respectively.

Uzhhorod National University Herald Series LawVol. 3(85)
Public Health Dayton & Montgomery County (US), Human Growth Foundation (US)
Openalex Percentile: Top 62%
Economic Issues in Ukraine
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