The impact of renewable energy sources on economic recovery in Ukraine

The current economy of Ukraine is marked by the urgent need to explore pathways for post-war economic recovery. Considering the severe damage inflicted on the country's energy infrastructure, restoring energy capacity and providing energy resources to both industries and private consumers are becoming critical issues. The conversation surrounding alternative energy sources and renewable energy technologies is gaining traction in this regard. These technologies are often called green technologies, as they prioritize preserving natural resources and promoting the sustainable use of various resources. It is evident that the financing of green technologies requires government involvement; however, a vital responsibility of the state should be to foster a market environment that incentivizes investors to contribute financially to green initiatives, highlighting the complexity and multifaceted nature of the issue at hand. Given this topic's significance, this study aims to assess the impact of renewable energy source utilization on Ukraine's economic recovery efforts. To accomplish this, the following tasks will be undertaken: conducting a statistical analysis of the renewable energy landscape in Ukraine, identifying the primary mechanisms for financing renewable energy projects, and performing a SWOT analysis of the renewable energy sector to gauge potential investor interest. The methodological framework for this research includes statistical analysis and SWOT analysis, which help clarify the strengths, weaknesses, opportunities, and threats associated with adopting green technologies in Ukraine. The findings suggest that one of the principal avenues for financing green technologies should involve green bonds, which serve as a means to attract investments from individuals and organizations to pursue ambitious projects focused on resource conservation and environmental safety. Additionally, the statistical analysis indicates that while Ukraine possesses significant potential for renewable energy development, progress in this area hinges on securing investment resources.

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Publication Details

Journal
Sustainable Engineering and Innovation ISSN 2712-0562
Published
2024-11-29
DOI
https://doi.org/10.37868/sei.v6i2.id399
Citations
3
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
2.13
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article

The impact of renewable energy sources on economic recovery in Ukraine

Oleksii Zhuk, S. Litvak, Olga Litvak, Ярослав Петруненко et al.
3 citations
Sustainable Engineering and Innovation ISSN 2712-0562
Business and Economic Development
2.13
article

The impact of renewable energy sources on economic recovery in Ukraine

Oleksii Zhuk, S. Litvak, Olga Litvak, Ярослав Петруненко, Vadym Yemets
article en
3 citations

Abstract

The current economy of Ukraine is marked by the urgent need to explore pathways for post-war economic recovery. Considering the severe damage inflicted on the country's energy infrastructure, restoring energy capacity and providing energy resources to both industries and private consumers are becoming critical issues. The conversation surrounding alternative energy sources and renewable energy technologies is gaining traction in this regard. These technologies are often called green technologies, as they prioritize preserving natural resources and promoting the sustainable use of various resources. It is evident that the financing of green technologies requires government involvement; however, a vital responsibility of the state should be to foster a market environment that incentivizes investors to contribute financially to green initiatives, highlighting the complexity and multifaceted nature of the issue at hand. Given this topic's significance, this study aims to assess the impact of renewable energy source utilization on Ukraine's economic recovery efforts. To accomplish this, the following tasks will be undertaken: conducting a statistical analysis of the renewable energy landscape in Ukraine, identifying the primary mechanisms for financing renewable energy projects, and performing a SWOT analysis of the renewable energy sector to gauge potential investor interest. The methodological framework for this research includes statistical analysis and SWOT analysis, which help clarify the strengths, weaknesses, opportunities, and threats associated with adopting green technologies in Ukraine. The findings suggest that one of the principal avenues for financing green technologies should involve green bonds, which serve as a means to attract investments from individuals and organizations to pursue ambitious projects focused on resource conservation and environmental safety. Additionally, the statistical analysis indicates that while Ukraine possesses significant potential for renewable energy development, progress in this area hinges on securing investment resources.

Sustainable Engineering and Innovation ISSN 2712-0562Vol. 6(2)
Admiral Makarov National University of Shipbuilding (UA), National Academy of Sciences of Ukraine (UA), National University of Life and Environmental Sciences of Ukraine (UA), National Academy of Medical Sciences of Ukraine (UA)
Openalex Percentile: Top 11%
Business and Economic Development
2.13
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