Evaluation of the Adaptability of the Ukrainian Economy to Changes in Prices for Energy Carriers and to Energy Market Risks

Yemelyanov, Olexandr; Symak, Anastasiya; Петрушка, Тетяна; Lesyk, Roman; Lesyk, Lilia

doi:10.3390/en11123529

Cited by 61 publications

(37 citation statements)

References 76 publications

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“…Paper [20] indicates that an important tool for stimulating energy saving and switching to clean energy sources in China is subsidizing programs. According to the authors of article [21], the use of preferential lending can accelerate the scale of implementation of energy-saving measures. Separate proposals concerning the organization of such lending for small enterprises are given in [22].…”

Section: Literature Review and Problem Statementmentioning

confidence: 99%

Development of a toolkit for assessing and overcoming barriers to the implementation of energy saving projects

Lesinskyi

Yemelyanov

Zarytska

et al. 2020

EEJET

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The purpose of the study is to develop a toolkit for assessing and overcoming barriers to the implementation of energy-saving projects. The barriers on the way to implementation of energy-saving projects at enterprises were grouped, and general approaches to evaluation of these barriers were determined. Modeling of economic barriers on the way to implementation of energy-saving projects at enterprises was fulfilled. The means of overcoming barriers to implementation of energy-saving projects were substantiated. The need for these studies is due to the need to assess and realize the potential of energy saving in the economies of many countries in Europe and the world. The existence of five main groups of barriers on the way to the implementation of energy-saving projects at enterprises was established. There is a reasonable need to take into consideration the sources of funding energy saving projects when assessing these barriers. It was found that according to the managers of enterprises, for all the studied industries of the Ukrainian economy, the most essential barrier to implementation of the projects of decreasing natural gas consumption is the insufficient level of their implementation. At the same time, the estimated effectiveness of state expenditures for subsidizing the researched enterprises is quite high. Therefore, it is appropriate to extend to cases of enterprises the Ukrainian practice of state subsidization of individuals receiving loans in order to implement projects to decrease the natural gas consumption. The importance of the obtained results is due to the possibility of their use both at the level of enterprises and in the practice of activity of state and municipal authorities in the development of energy-saving strategies and programs

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Section: Literature Review and Problem Statementmentioning

confidence: 99%

Development of a toolkit for assessing and overcoming barriers to the implementation of energy saving projects

Lesinskyi

Yemelyanov

Zarytska

et al. 2020

EEJET

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“…In general, the impact of rising prices of energy carriers on the economy can be considered as positive if such growth stimulates the introduction of energy saving technologies, but does not lead to a reduction in business activity. The fulfillment of this condition depends on the ways of adaptation to the growth of prices of energy carriers which dominate the economy and its industries [56]. The establishment of the regularity of the impact of rising prices of energy carriers on the volume of their consumption for those energy resources, the requirement of which is fully or partially covered by imports, is especially important.…”

Section: Literature Reviewmentioning

confidence: 99%

Changes in Energy Consumption, Economic Growth and Aspirations for Energy Independence: Sectoral Analysis of Uses of Natural Gas in Ukrainian Economy

et al. 2019

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The main objective of the research is to assess the ability of the Ukrainian economy and its individual industries to ensure, in the conditions of economic growth, a stable reduction of natural gas consumption and, consequently, to reduce dependence on its imports. Six types of relationships were identified between the change in sectoral added value and the change in the consumption of certain energy resources, in particular natural gas. The conditions are established under which the growth of sectoral added value is accompanied by a decrease in the consumption of certain energy resources. The index of sectoral efficiency of the use of certain energy resources was proposed and a model of the decomposition of the growth rate of this indicator was constructed. Quantitative indicators of measuring economic barriers on the way to introduction of energy-saving technologies are presented. Conditions under which economic growth is accompanied by a decrease in the level of dependence of the economy on imports of energy resources are modeled. The dynamics of natural gas consumption by sectors of the Ukrainian economy is analyzed. It is proved that reduction of natural gas consumption due to increased energy efficiency occurs mainly in industries with an average value of share of the cost of purchasing this energy in the total operating expenses. An estimation is undertaken of the possibility of achieving independence of the Ukrainian economy from the import of natural gas in different scenarios of changing main parameters that determine the probability of such an achievement.

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“…Впровадження на підприємствах енергозберігаючих інвестиційних проєктів може справити вплив на низку характеристик цих підприємств, зокрема, на величину їх виробничо збутового потенціалу [11] та на ступінь адаптації цих суб'єктів господарювання до змін у їх зов нішньому середовищі [12].…”

Section: виклад основного матеріалуunclassified

The Impact of the Implementation of Investment Energy-Saving Projects on the Financial Condition of Enterprises

Yemelyanov¹

2020

Investytsiyi: Praktyka Ta Dosvid

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Мета цього дослідження полягала в оцінюванні впливу реалізації інвестиційних проєктів з енергозбереження на фінансовий стан українських підприємств. Розглянуто механізми впли ву, який справляють інвестиції у підвищення енергоефективності на ділову активність, прибут ковість та фінансову стійкість підприємств. Виокремлено ті характеристики інвестиційних проєктів з енергозбереження, які найбільшою мірою обумовлюють зміну фінансового стану підприємств. Показано, що серед цих характеристик проєктів важливу роль відіграє відносний рівень інвестицій у них, який оцінюється співвідношенням між обсягами інвестицій у проєкти з енергозбереження та величиною сукупних активів тих підприємств, які ці проєкти реалізують. Проаналізовано економічні наслідки від реалізації проєктів з енергозбереження для вибірки українських підприємств, які належать до трьох видів економічної діяльності. Водночас ці підприємства було поділено на групи за показником відносного рівня інвестицій. Результати виконаного аналізу показали неоднозначний характер впливу реалізації проєктів з енергозбе реження на фінансовий стан досліджуваних підприємств. Зокрема здійснення цих проєктів по зитивно впливало на фінансову стійкість підприємств із середнім відносним рівнем інвестицій та негативно, якщо у підприємств цей рівень був високим. Nowadays, many Ukrainian enterprises face an urgent need to improve their financial condition, in particular, to increase the level of profitability, business activity, and financial stability of economic entities. The complexity of solving this problem is largely due to numerous factors that affect the financial condition of enterprises. Among these factors, the efficiency of the use of various types of energy resources by economic entities is important. Reducing the specific cost of energy resources can be a powerful means of increasing the competitiveness of enterprises, which can have a positive impact on their financial condition. At the same time, the implementation of energy saving measures at enterprises often requires essential investment costs, which can lead to significant changes in the volume and structure of sources of financing the property of enterprises. As a result, their financial condition, in particular the level of financial stability, can either improve or deteriorate. The purpose of this study was to assess the impact of investment energy saving projects on the financial condition of Ukrainian enterprises. The mechanisms of influence of investments in improving energy efficiency on business activity, profitability, and financial stability of enterprises are considered. The characteristics of investment energy saving projects, which cause changes in the financial condition of enterprises most of all, are identified. It is shown that among these characteristics of projects an important role is played by the relative level of investment, which is estimated by the ratio between

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Evaluation of the Adaptability of the Ukrainian Economy to Changes in Prices for Energy Carriers and to Energy Market Risks

Cited by 61 publications

References 76 publications

Development of a toolkit for assessing and overcoming barriers to the implementation of energy saving projects

Development of a toolkit for assessing and overcoming barriers to the implementation of energy saving projects

Changes in Energy Consumption, Economic Growth and Aspirations for Energy Independence: Sectoral Analysis of Uses of Natural Gas in Ukrainian Economy

The Impact of the Implementation of Investment Energy-Saving Projects on the Financial Condition of Enterprises

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