Prospects for development of Ukraine and EU in the field of renewable energy sources

¹ Doctor of Economics, professor, Kremenchuk Mykhailo Ostrohradskyi National University, Ukraine
² PhD candidate, Kremenchuk Mykhailo Ostrohradskyi National University, Ukraine
³ PhD, associate professor, Kremenchuk Mykhailo Ostrohradskyi National University, Ukraine

^* Corresponding author: katerinapryakhina@gmail.com

Abstract

In article assessment of tendencies and prospects of cooperation between Ukraine and the European Union in the field of renewable energy sources was carried out. Over the past decades, the theme of climate change, especially caused by human activity, has become one of the most acute and most exploited in scientific disputes. Today, the problem of finding new sources of energy is more than acute, with a special place occupy non-traditional ones. The reduction of Ukraine's energy dependence on traditional fuel resources is possible only through the development and use own alternative energy, which uses local resources – bioenergy as a fuel or does not require a fuel component at all – solar, wind and small hydropower. The European Union is one of the leaders in the implementation of alternative energy and renewable energy sources and initiates the creation of many organizations that finance alternative energy projects. Ukraine should ensure the effective convergence of its own legislation with the European Union, since it defined the European integration vector as a priority area of foreign policy development. At the same time, within the framework of the Union, the mechanism of environmental protection and progressive approaches to the implementation of energy policy, including in the field of renewable energy, can serve as the most constructive benchmarks for Ukraine's development in this area. Ukraine signed the Paris Agreement, and undertook certain commitments, namely: in accordance with the National Action Plan on alternative energy up to 2020, the objective was to reach 11% of RES in gross final energy consumption. Achieving this goal is possible only in the case of international cooperation with the EU in the field of alternative energy. However, today, the study of the prospects of cooperation between Ukraine and the EU in this field is not developing sufficiently and there is a certain vacuum in solving strategic problems in this context, which determines the relevance of the topic.