Economics and management of national economy

Alternative energy developing investment support in terms of energy dependence

Economic Annals-XXI

Economic Annals-ХХI: Volume 144, Issue 9-10(1), Pages: 34-37

Citation information:
Onyshchenko, V., & Sivitska, S. (2014). Alternative energy developing investment support in terms of energy dependence. Economic Annals-XXI, 9-10(1), 34-37. https://ea21journal.world/index.php/ea-v144-08/

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Volodymyr Onyshchenko
D.Sc. (Economics),
Professor, Rector,
Poltava National Technical University named after Yurii Kondratiuk
24 Pershotravnevyi Ave, Poltava, 36011, Ukraine
rector@pntu.edu.ua

Svitlana Sivitska
PhD Student,
Poltava National Technical University named after Yurii Kondratiuk
24 Pershotravnevyi Ave, Poltava, 36011, Ukraine
s_sivitskaya@rambler.ru

Alternative energy developing investment support in terms of energy dependence

Abstract. Introduction. Usage of alternative energy sources has a global perspective for the further successful development of civilization. Purpose. It is necessary to develop and rational the organizational-economic mechanism for alternative energy developing investment support in conditions of energy dependence, as well as to identify the main levers of influence and factors that blocks its implementation.

Results. The factors contributing to increase of investment attractiveness of alternative energy in Ukraine, such as successful implementation of government development programs, development of mechanisms for emissions trading, increasing the share of equity in the structure of resources etc. have been analyzed and identified in the article. The organizational-economic mechanism for alternative energy developing investment support at the modern stage, which includes economic mechanism of leverages, has been grounded. Its principles and ways of implementation have been offered and substantiated. The authors proposed the program of investment processes in alternative energy activation, and the expected benefits from its implementation, such as diversification of energy balance of Ukraine; energy dependence of the state reducing; increase in investment attractiveness of alternative energy which may be achieved with the legislative settlement of investment activity.

Conclusion. Alternative energy is the basis of the country’s power safety providing, which underlines the large value of the offered organizational-economic mechanism for the investment that support development of alternative energy in the conditions of power dependence and certain basic levers and factors of influence. Realization the Program of Investment Processes in Alternative Energy Activation to 2020, proposed by the authors, is aimed at stimulation of investment activity in alternative energy for the increase of this sphere’s profitability and the power balance of Ukraine diversification.

Keywords: Investment Process; Organizational-Economic Mechanism; State’s Energy Dependence; Alternative Energy

JEL Classіfіcatіon: E22; E60; O25; Q42

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Received 28.07.2014

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