Title: State support policy for renewable energy development in emerging economies: the case of Ukraine

Authors: Tetiana Kurbatova; Iryna Sotnyk; Oleksandr Kubatko; Yevhen Baranchenko; Emmanuel Ogiemwonyi Arakpogun; Hynek Roubik

Addresses: International Economic Relations Department, Sumy State University, Ukraine ' Department of Economics, Entrepreneurship and Business Administration, Sumy State University, Ukraine ' Department of Economics, Entrepreneurship and Business Administration, Sumy State University, Ukraine ' Department of Entrepreneurship, Innovation and Strategy, Faculty of Business and Law, Northumbria University, UK ' Department of Entrepreneurship, Innovation and Strategy, Faculty of Business and Law, Northumbria University, UK ' Department of Sustainable Technologies, Faculty of Tropical AgriSciences, Czech University of Life Sciences Prague, Czechia

Abstract: This paper investigates the role of state policies in supporting renewable energy development in emerging economies by drawing an example from Ukraine. The economic mechanisms aimed at promoting electricity generation from renewable sources, namely, the feed-in tariff, credit programs in renewable energy field, tax and customs privileges as well as indirect mechanisms, are considered in the context of business and household sectors. Particular attention is paid to the assessment of the impact of the motivational mechanisms on the deployment of renewable energy generation capacities introduced in Ukraine from 2009-2018. Despite the state support of renewable energy development and the positive tendencies toward the operational renewable energy facilities, the green electricity share in Ukraine's final electricity consumption remains insignificant. In view of this, this paper explores the barriers impeding the large-scale deployment of renewable energy and makes recommendations for improvement, including the need for changes in the state support mechanisms.

Keywords: emerging economies; energy efficiency; green electricity; renewable energy; state support policy; Ukraine.

DOI: 10.1504/IJGENVI.2020.114864

International Journal of Global Environmental Issues, 2020 Vol.19 No.1/2/3, pp.26 - 52

Received: 10 Aug 2019
Accepted: 05 Jun 2020
Published online: 10 May 2021 *

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