Green energy

The energy sector plays a crucial role in the development of the economy and ensuring social stability. Energy holds particular significance in today’s conditions in Ukraine during the ongoing war. The choice between traditional and green energy is increasingly pertinent. States and enterprises are seeking effective ways to stimulate energy production, considering economic feasibility, environmental impacts, and energy security. Balancing support for traditional energy sources with the development of renewable technologies is a strategic challenge that will shape the future of global energy.

Traditional Energy

Traditional energy involves electricity and heat production from non-renewable sources such as coal, oil, natural gas, and nuclear fuel. This system remains a primary energy source in many countries. The main advantages of traditional energy are its high power output and production stability. However, it significantly impacts the environment and lacks long-term sustainability due to resource limitations.

Green Energy

Green energy entails electricity and heat production from renewable sources that have minimal environmental impact. These sources include solar, wind, hydro, bioenergy, and geothermal energy. The primary advantage of green energy is its ecological sustainability — it generates minimal greenhouse gas emissions and does not deplete natural resources. Moreover, technological advancements are making renewable sources increasingly accessible and efficient, facilitating the transition to sustainable energy and reducing reliance on fossil fuels.

Key instruments for promoting renewable energy development in Ukraine include:

– Implementation of a “green” tariff for electricity generated from alternative sources;

– Mechanisms for “green” auctions;

– Incentives for biogas and biomethane production under the Law of Ukraine “On State Support for Investment Projects with Significant Investments in Ukraine”;

– Customs and tax exemptions for equipment imports, etc.

The guides on investment in energy and bioenergy in Ukraine and renewable energy incentives will be useful for those interested in investing in the energy and bioenergy sector in Ukraine.

You can access the analytical information on Ukraine’s energy sector through the following link: https://ukraineinvest.gov.ua/incentives/green-energy/.

The guides are available below: