REGULATORY SUPPORT FOR GREEN ENERGY: GLOBAL AND NATIONAL CONTEXT

The article examines the theoretical and methodological foundations and practical aspects of forming regulatory support for green energy development in global and national contexts. Focus is placed on analyzing international experience, Ukraine’s integration into the European energy space, and adaptation of the national regulatory environment to EU requirements. The importance of institutional reforms for stimulating investment, developing RES, ensuring energy security, and achieving sustainable development goals is substantiated. An integrated matrixbased system for assessing the impact of regulatory changes on energy transformation dynamics is proposed to form evidence-based recommendations for improving state policy in the field of green energy and fostering international cooperation in this sector. The study shows that global challenges such as climate change, pollution, biodiversity loss, and resource degradation have major impacts on ecosystems, economies, and human health. Addressing these challenges requires international cooperation, coordinated actions by governments, and effective public policies supported by modern technologies. At the same time, environmental protection needs often conflict with business interests and traditional models of economic growth. The European Green Deal aims to achieve climate neutrality in Europe by 2050, driving innovative technologies in RES, electric transport, energy-efficient construction, circular economy solutions, and emissions reduction. The transition to a green economy can significantly boost economic growth and create millions of new jobs across various sectors. Implementing the Green Deal will require annual investments of around 260 billion euros using financial tools like InvestEU, Just Transition Mechanism, Horizon Europe, Next Generation EU, the Innovation Fund, and others. Ukraine, as an active international partner, ratified the Paris Agreement in 2016 and joined the European Green Deal process in 2020. The national goal is to cut emissions by 65% by 2030 and achieve climate neutrality by 2060, requiring clear, predictable rules for domestic and foreign markets and greater foreign investment to support technology transfer, innovation, and competitiveness.

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Publication Details

Journal
Herald UNU International Economic Relations And World Economy
Published
2025-01-01
DOI
https://doi.org/10.32782/2413-9971/2025-56-4
Primary Topic
Climate Change Policy and Economics
Type
article
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article

REGULATORY SUPPORT FOR GREEN ENERGY: GLOBAL AND NATIONAL CONTEXT

Davyd Darmohrai
Herald UNU International Economic Relations And World Economy
Climate Change Policy and Economics
article

REGULATORY SUPPORT FOR GREEN ENERGY: GLOBAL AND NATIONAL CONTEXT

Davyd Darmohrai
article en

Abstract

The article examines the theoretical and methodological foundations and practical aspects of forming regulatory support for green energy development in global and national contexts. Focus is placed on analyzing international experience, Ukraine’s integration into the European energy space, and adaptation of the national regulatory environment to EU requirements. The importance of institutional reforms for stimulating investment, developing RES, ensuring energy security, and achieving sustainable development goals is substantiated. An integrated matrixbased system for assessing the impact of regulatory changes on energy transformation dynamics is proposed to form evidence-based recommendations for improving state policy in the field of green energy and fostering international cooperation in this sector. The study shows that global challenges such as climate change, pollution, biodiversity loss, and resource degradation have major impacts on ecosystems, economies, and human health. Addressing these challenges requires international cooperation, coordinated actions by governments, and effective public policies supported by modern technologies. At the same time, environmental protection needs often conflict with business interests and traditional models of economic growth. The European Green Deal aims to achieve climate neutrality in Europe by 2050, driving innovative technologies in RES, electric transport, energy-efficient construction, circular economy solutions, and emissions reduction. The transition to a green economy can significantly boost economic growth and create millions of new jobs across various sectors. Implementing the Green Deal will require annual investments of around 260 billion euros using financial tools like InvestEU, Just Transition Mechanism, Horizon Europe, Next Generation EU, the Innovation Fund, and others. Ukraine, as an active international partner, ratified the Paris Agreement in 2016 and joined the European Green Deal process in 2020. The national goal is to cut emissions by 65% by 2030 and achieve climate neutrality by 2060, requiring clear, predictable rules for domestic and foreign markets and greater foreign investment to support technology transfer, innovation, and competitiveness.

Herald UNU International Economic Relations And World Economy(56)
Openalex Percentile: Top 75%
Climate Change Policy and Economics
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