Economic Evaluation of the Prospects for Bioenergy Development of Ukraine in Conditions of Globalization

Abstract

Topicality. Globalization is characterized by exponential rates of production of goods and services, extraction of natural resources, increase in energy consumption. This has led to climate change. As a result, it is necessary to find a solution to this problem in order to reduce the negative impact of humanity on the environment. One such solution is the production of bioenergy. Ukraine is still an agro-industrial country, and it has a high bioenergy potential. In recent years (2013-2018) bioenergy of Ukraine has started to develop, but the existing pace of development is not enough to achieve the goals set out in the main plan of the article. Potential bioenergy producers claim that there is no economic benefit from such activities. Therefore, this statement is analyzed and refuted. The paper evaluates the bioenergy potential of Ukraine, proves the economic effect of bioenergy production, forecasts the development of this sector, analyzes the impact of subsidizing natural gas consumers on the development of the bioenergy sector. The paper assessed the bioenergy potential of Ukraine in comparison with other countries, took into account the participation of Ukraine in international programs, forecast the development of the domestic bioenergy market. The study revealed that activities in the field of bioenergy has an economic and investment effect.