UKRAINIAN ENERGY SYSTEM: THE MAIN CHARACTERISTICS AND FACTOR ANALYSIS
UKRAINIAN ENERGY SYSTEM: THE MAIN CHARACTERISTICS AND FACTOR ANALYSIS

Summary/Abstract: Ukrainian energy sector depends on the fossil fuels, as long as the indicator of energy intensity is one of the highest in the world. Despite the fact that Ukraine has a significant potential of energy resources, it is an energy-deficient country. The government policy is aimed on the support of renewable energy, providing certain instruments in order to increase investment in this sphere. Moreover, there are different programs stimulating the improvement of energy efficiency. This paper also represents a first attempt to analyze the factors influencing the final energy consumption of economic entities of Ukraine using the logarithmic mean Divisia index (LDMI) method. The conducted analysis shows that the reduction of final energy consumption is caused mainly by decrease of energy intensity indicator. This information can be useful for the enterprises’ management and the government in order to take further actions in energy efficiency improvement and transition towards renewable energy sources.

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