The impact of the Russia-Ukrainian war on green energy financing in Europe

Saktiawan, B; Toro, M Juan Suam; Saputro, N

doi:10.1088/1755-1315/1114/1/012066

Cited by 10 publications

(4 citation statements)

References 3 publications

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“…The Russia-Ukraine war has increased demand for CCS as a way to address greenhouse gas emissions and improve energy security. Governments and businesses are investing more in CCS research and development, and there is a growing momentum to deploy CCS technologies at scale [245].…”

Section: Accelerated Transition To a Low-carbon Economymentioning

confidence: 99%

The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis

Gajdzik,

Wolniak,

Nagaj

et al. 2024

Energies

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The global energy crisis, which began in 2021 due to the extraordinary economic recovery after the pandemic and intensified after Russia’s invasion of Ukraine in February 2022, has changed the conditions of energy management, paying more attention to energy efficiency. Natural gas prices have reached record levels and, consequently, so have electricity prices in some markets. Oil prices have reached their highest level since 2008. Higher energy prices have contributed to sharply increased inflation. Households are again becoming interested in buying coal as a source of heat. High energy and gas prices have pushed many families into poverty and forced some factories to cut production or even close. They have also slowed economic growth to the point where some countries are heading for a serious recession. Paradoxically, the negative effects of the energy crisis may accelerate the introduction of cleaner, sustainable, renewable energy such as wind and solar energy. The energy crisis is comparable to the oil crisis of the 1970s, when it contributed to significant advances in energy efficiency. The current crisis has highlighted the importance of investments in renewable energy resources and initiated the process of integrating regional markets, developing energy efficiency and promoting renewable energies. The aim of this article is to comprehensively explore the complex relationship between energy awareness, consumption patterns, and energy efficiency, with a focus on both individual consumers and industries, during the global energy crisis. This paper is based on a literature review, overarching policy documents, energy reports, and other secondary documents. The primary research method was the systematic literature review method, based on which the impact of the global energy crisis on energy efficiency was evaluated. This study emphasizes the diverse influences on energy awareness, ranging from economic factors to consumer preferences and environmental consciousness. The findings of the paper underscore the significant responsibility of industries in contributing to energy-saving efforts and the active role of consumers in the energy market. The responsibility of industries in contributing to energy efficiency is highlighted, with a call for a comprehensive approach that integrates energy-saving criteria into product development and corporate social responsibility.

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Section: Accelerated Transition To a Low-carbon Economymentioning

confidence: 99%

The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis

Gajdzik,

Wolniak,

Nagaj

et al. 2024

Energies

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“…Regarding the progress towards renewable energy, the level of use and financing by European countries was found to be rising and exceeding the determined indicative renewable energy directive path. Almost all member states of the European Union experienced a significant increase in renewable energy consumption [128]. Even though this has a positive impact, the Secretary-General of the United Nations raised concerns that the present crisis is triggered by the consumption of fossil fuels, while the development issue concerning climate change impacts on a global scale is still facing uncertainty [129].…”

Section: Threats (T)mentioning

confidence: 99%

Cambodian Green Economy Transition: Background, Progress, and SWOT Analysis

Chan

2024

World

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A green economy is not a common economic practice. This leads the governments in many countries to focus on institutional arrangement and policy development. The institutional arrangement is one of the main significant factors, while green economy policies have to be well developed to support stakeholders and put less pressure on local communities. Hence, this research aims to understand green economic development in Cambodia by focusing on institutional arrangements and green economic development policies. Thus, this research’s priority was to evaluate their background and progress, and a comprehensive SWOT (strengths, weaknesses, opportunities, and threats) analysis was conducted based on their progress/transition. This research conducted background, progress, and SWOT analyses based on (i) the government’s documents, including the code, laws, royal decrees, sub-decrees, prakas, policies, strategic plans, roadmaps, and reports; (ii) development partners’ reports from reliable sources, such as UN agencies, UN Programs, ASEAN, the Asian Development Bank, and the World Bank; and (iii) existing literature. This research presented the results and discussed the findings encompassed by political and economic conditions, institutional arrangement and capacities, policy development and coordination, and participation of the public and stakeholders, as well as global green cooperation and funding, which were conditioned by the experiences from the COVID-19 pandemic and the uncertainties resulting from global geopolitical conflicts, such as the Russian–Ukrainian conflicts. Moreover, this research discussed weaknesses against strengths and threats against opportunities to suggest solutions or implications.

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“…(2022) reported that the Russia-Ukraine conflict appears not to entirely change the investors' assessment of a possible acceleration of a green energy transition. Furthermore, Saktiawan et al (2022) reported that European countries have increased the budget for developing and using environmentally friendly energy to remove the dependence on gas and oil energy from Russia. Accordingly, Steffen and Patt.…”

Section: Introductionmentioning

confidence: 99%

The moderating role of sustainable development goals in reviving the economy through green initiatives

Tang

Maqbool

Hameed

et al. 2023

Front. Environ. Sci.

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The Ukrainian economic crisis began with the start of the war and grew over time. This is because trade between countries was spread out because of problems with the supply chain. However, the energy sector in Ukraine is largely disturbed by this armed conflict. The purpose of this study was to test the impact of infrastructure damage, trade sanctions, the economic crisis, and energy investments in green energy in Ukraine through the lens of sustainable development goals (SGDs). The data is collected from the Ukrainian public, and the sample size for this research is 384. This research has used the structural equation modeling method by using Smart PLS 3 for data analysis. The findings of the study suggest that a green energy transition is possible when the Ukrainian government works on SDGs to manage the economic crisis and increases investments in the energy sector. The moderation of SGDs is considered a way forward for development in Ukraine. The novelty of this research is based on its framework, which is a new addition to a piece of knowledge. This research has extended knowledge by presenting new relationships related to the green energy transition. The limitations of this research are presented in conjunction with future directions that are a reliable way for scholars to contribute further to this area of research.

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The impact of the Russia-Ukrainian war on green energy financing in Europe

Cited by 10 publications

References 3 publications

The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis

The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis

Cambodian Green Economy Transition: Background, Progress, and SWOT Analysis

The moderating role of sustainable development goals in reviving the economy through green initiatives

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