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Journal articles on the topic 'Renewable support mechanisms'
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1
Martins, F., C. Felgueiras, and M. Smitková. "Renewable Energy Support Mechanisms — Present Status." Journal of Clean Energy Technologies 4, no. 4 (2015): 307–10. http://dx.doi.org/10.7763/jocet.2016.v4.302.
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Wu, J. H., and Y. H. Huang. "Renewable energy perspectives and support mechanisms in Taiwan." Renewable Energy 31, no. 11 (2006): 1718–32. http://dx.doi.org/10.1016/j.renene.2005.09.007.
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Ratner, S. V. "Assessing the effectiveness of renewable energy sector support mechanisms." Finance and Credit 26, no. 6 (2020): 1392–413. http://dx.doi.org/10.24891/fc.26.6.1392.
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Subject. This article discusses the effectiveness of government programmes to support renewable energy and whether they should continue to be implemented. Objectives. The article aims to conduct a comprehensive analysis of the changes in solar and wind power projects under the State support programme within the period from 2014 to 2019 and assess the effectiveness of the acting incentive mechanisms. Methods. For the study, I used the Learning-by-Doing theory and Project Management principles and methods. Results. The article proposes to consider the local content of the projects implemented as the key effectiveness indicator of the renewable energy support programme in Russia. For solar projects, this figure is currently significantly higher than the planned one, and it corresponds to the planned one for wind projects. In general, therefore, the programme can be considered effective. Conclusions. Further improvements in renewable energy support mechanisms should take into account the need to drastically increase the pace of training in the full cycle of the renewable energy project, including the operation phase of generating equipment and the supply of electricity to the grid.
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Abolhosseini, Shahrouz, and Almas Heshmati. "The main support mechanisms to finance renewable energy development." Renewable and Sustainable Energy Reviews 40 (December 2014): 876–85. http://dx.doi.org/10.1016/j.rser.2014.08.013.
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Arabidze, Natia, and Gia Arabidze. "Promotion of the renewable energy exploitation considering the support mechanisms." Works of Georgian Technical University, no. 3(517) (September 29, 2020): 81–87. http://dx.doi.org/10.36073/1512-0996-2020-3-81-87.
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Gallagher, Kelly Sims. "Why & How Governments Support Renewable Energy." Daedalus 142, no. 1 (2013): 59–77. http://dx.doi.org/10.1162/daed_a_00185.
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Many countries have adopted comprehensive policy frameworks to support renewable energy, but the United States has not adopted any consistent and stable policies at the national level to foster the use of renewable energy. This essay explores why some nations (Germany, China, and Denmark) and certain U.S. states (Colorado, Texas, and Ohio) have developed robust policies for the deployment of renewable energy. My aim is not to evaluate the specific policy mechanisms that countries and states have chosen, but rather to shed light on the underlying societal factors that contributed to each government's decision to enact the policies in the first place. I explore four factors that could influence a government's decision to adopt favorable policies for renewable energy: (1) economic motives; (2) a high endowment of renewable resources and/or a low endowment of nonrenewable sources; (3) the political system; and (4) cultural factors and attitudes.
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Mihaylov, Mihail, Roxana Rădulescu, Iván Razo-Zapata, et al. "Comparing stakeholder incentives across state-of-the-art renewable support mechanisms." Renewable Energy 131 (February 2019): 689–99. http://dx.doi.org/10.1016/j.renene.2018.07.069.
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Fouquet, Doerte, and Thomas B. Johansson. "European renewable energy policy at crossroads—Focus on electricity support mechanisms." Energy Policy 36, no. 11 (2008): 4079–92. http://dx.doi.org/10.1016/j.enpol.2008.06.023.
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Sovacool, Benjamin K. "A comparative analysis of renewable electricity support mechanisms for Southeast Asia." Energy 35, no. 4 (2010): 1779–93. http://dx.doi.org/10.1016/j.energy.2009.12.030.
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Bekulova, Suzanna Robertinovna. "Formation of institutional environment that contributes to the development of renewable energy in Russia." Теоретическая и прикладная экономика, no. 4 (April 2020): 66–80. http://dx.doi.org/10.25136/2409-8647.2020.4.34431.
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Renewable energy can advance only with sufficient state support. In the conditions of increasing environmental conscientiousness, the need for reduction of carbonaceous load on the environment, as well as lowering prices for renewable energy technologies, lag in using renewable energy sources poses a threat to the development of countries within the framework of global trends. Renewable energy has received state support in Russia, despite its high traditional energy resource endowment; there are different mechanisms of state support in the retail and wholesale electricity and capacity markets. The article studies the process of formation of the current mechanism of state support in wholesale electricity and capacity market. The author determines the key stages and factors with regards to formation of support system for the renewable energy sources in Russia. Analysis is conducted on the effectiveness of Capacity Supply Agreement (CSA) as a mechanism for state support of the renewable energy sources in Russia. The article demonstrates interrelation between functionality of the renewable energy CSA mechanism and the increased level of competition in the renewable energy. The author illustrates in what way the development of renewable energy in Russia may contribute to advancement of the adjacent economic sectors. Comprehensive approach towards development of the industry within the framework of technological cluster of renewable energy in Russia is presented. The author defines the territories to which the development of renewable energy is especially relevant.
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Kurbatova, T., and T. Skibina Skibina. "Renewable energy in the European Union: support policy and outcomes." Fundamental and applied researches in practice of leading scientific schools 31, no. 1 (2019): 113–17. http://dx.doi.org/10.33531/farplss.2019.1.23.
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The article deals with the study of support schemes for renewable energy promotion in the European Union member states. The main strategic documents that declare short-term and long-term goals to increase the share of green energy in final energy consumption of the European Union are considered. The primary motivational mechanisms aimed at encouraging the production of energy from renewable energy sources, namely feed-in tariff models, feed-in premium model, and tradable green certificate scheme are analyzed. In addition, a number of secondary motivational tools such as tender systems, net metering, tax and customs privileges which are used in combination with the primary mechanisms for more effective promotion of renewable energy are described. The results of the influence of policy in renewable energy field on increasing the share of green energy in the total energy mixes of European Union member states are presented.
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Falconett, Irina, and Ken Nagasaka. "Comparative analysis of support mechanisms for renewable energy technologies using probability distributions." Renewable Energy 35, no. 6 (2010): 1135–44. http://dx.doi.org/10.1016/j.renene.2009.11.019.
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Zafirakis, D., K. Chalvatzis, and J. K. Kaldellis. "“Socially just” support mechanisms for the promotion of renewable energy sources in Greece." Renewable and Sustainable Energy Reviews 21 (May 2013): 478–93. http://dx.doi.org/10.1016/j.rser.2012.12.030.
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Huber, Claus, Lisa Ryan, Brian Ó Gallachóir, Gustav Resch, Katrina Polaski, and Morgan Bazilian. "Economic modelling of price support mechanisms for renewable energy: Case study on Ireland." Energy Policy 35, no. 2 (2007): 1172–85. http://dx.doi.org/10.1016/j.enpol.2006.01.025.
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Meus, Jelle, Kenneth Van den Bergh, Erik Delarue, and Stef Proost. "On international renewable cooperation mechanisms: The impact of national RES-E support schemes." Energy Economics 81 (June 2019): 859–73. http://dx.doi.org/10.1016/j.eneco.2019.05.016.
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Sotnyk, Iryna, Tetiana Kurbatova, Oleksandr Kubatko, Yevhen Baranchenko, and Rui Li. "The price for sustainable development of renewable energy sector: the case of Ukraine." E3S Web of Conferences 280 (2021): 02006. http://dx.doi.org/10.1051/e3sconf/202128002006.
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While implementing state support mechanisms for renewable energy deployment, each country faces the problem of assessing and forecasting their consequences and must timely adjust their set to ensure sustainable energy development. The article estimates the price for sustainable development of the renewable energy sector on the example of Ukraine based on evaluating the effectiveness of the key mechanism of state support for the industry advancement - the feed-in tariff. The comparison of feed-in tariff rates with the LCOE indicators for the electricity generated from solar and wind power plants has shown that the current feed-in tariffs for two of the most popular renewable energy technologies are inflated several times and do not meet global trends in reducing the cost price of electricity generated by these technologies. The consequence of applying economically unreasonable tariffs is the annual over-expenditures of the state budget of Ukraine, which recently count hundreds of millions of euros. In the context of the country’s growing green energy generation, the conditions for further use of the feed-in tariff and the transition to other state support mechanisms are substantiated.
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Zhang, Hao. "Prioritizing Access of Renewable Energy to the Grid in China: Regulatory Mechanisms and Challenges for Implementation." Chinese Journal of Environmental Law 3, no. 2 (2019): 167–202. http://dx.doi.org/10.1163/24686042-12340041.
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Abstract Following decades of fast growth in China’s power sector, underpinned by considerable investment in coal-fired generation, in recent years there has been a decisive move towards increasing energy supply that is climate and environmentally friendly. In order to meet this policy agenda, a number of regulatory mechanisms have been established to support and further the implementation of China’s Renewable Energy Law. A key feature of these regulatory developments has been increased regulation and enforcement of the obligation to ensure priority access of renewable energy to the power grid and full purchase of renewable energy generation. In practice, however, utilising electricity generation from renewable sources has been significantly curtailed. This article analyses whether the law and policy frameworks provide sufficient support and protection to ensure priority access of renewable energy in China. By considering relevant Chinese law cases, this article also provides insights into the judicial and regulatory practices in relation to curtailment disputes, particularly the limited transparency of the mediation process and the challenges faced by renewable energy generators in bringing cases to court.
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Arango-Manrique, Adriana, Sandra Ximena Carvajal-Quintero, and Camilo Younes-Velosa. "How to promote distributed resource supply in a Colombian microgrid with economic mechanism?: System dynamics approach." DYNA 82, no. 192 (2015): 11–18. http://dx.doi.org/10.15446/dyna.v82n192.48564.
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<p>Distributed generation currently has caused an increase in the installation or renewable energy generation resources near the consumption centers and the ability to operate in the event of a failure of the interconnected system in isolation mode. However, this type of generation and operation has not progressed significantly in Colombia due to the lack of financial mechanisms. This paper presents a model in System Dynamics that proposed a mechanism for the promotion of distributed resources by including regulatory incentives known as Renewable Energy Premium Tariff and incentives for providing technical support for the distribution and transmission system. Proposed mechanisms help to promote the use of renewable energy in Colombia and further enhance the tools so that grid operators can avoid accidental disconnection.</p>
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Godfrey, R. Bruce. "Renewable Energy Technologies in Australia: Research, Status and Prospects." Energy & Environment 19, no. 1 (2008): 55–69. http://dx.doi.org/10.1260/095830508783563118.
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In support principally of environmental goals – principally reductions in greenhouse gas emissions from the energy sector – Australian Federal and State governments have put in place a range of measures to support the deployment of increasing levels of renewable energy products and services. These market-making mechanisms complement Australia's leadership in a wide range of technologies for stationary energy applications of renewable energy, including photovoltaics, electricity storage, concentrating solar power, small wind turbines, energy efficiency products, hot dry rock geothermal and wave power. Industry is responding to these market and technology opportunities, and associated policy measures to support their growth, with the aim of growing a sizeable renewable energy sector that delivers economically competitive solutions for Australian and export markets.
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Xydis, George, and Nick Vlachakis. "Feed-in-Premium Renewable Energy Support Scheme: A Scenario Approach." Resources 8, no. 2 (2019): 106. http://dx.doi.org/10.3390/resources8020106.
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Topics such as energy demand, energy security and greenhouse emissions have made countries around the world turn to more environmentally friendly resources to produce electricity. Due to their stochastic behaviour (particularly wind energy and solar photovoltaics (PV)), the energy producers that are renewable energy driven need concrete financial mechanisms in order to sell their generated electricity under uncertainty in a highly competitive environment. In this work, the application of the Feed-in Premium (FiP) policy in the Greek wholesale liberalised electricity market is compared against a multiple revenue stream tactic. The investigation of the financial performance is conducted in terms of Net Present Value and Complete Payback Period of a 10 MW wind park and a 2 MW solar PV park and is questioned under a multiple revenue stream approach. It was found for projects that offer at least 75% of their electricity production to the market, if their operation licence is extended for five more years, incentivising them to participate in the FiP scheme, instead of the Feed-in-Tariff one, this will increase their profitability in most cases, for both wind and PV projects.
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Lewis, Joanna I., and Ryan H. Wiser. "Fostering a renewable energy technology industry: An international comparison of wind industry policy support mechanisms." Energy Policy 35, no. 3 (2007): 1844–57. http://dx.doi.org/10.1016/j.enpol.2006.06.005.
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Atalay, Yasemin, Agni Kalfagianni, and Philipp Pattberg. "Renewable energy support mechanisms in the Gulf Cooperation Council states: Analyzing the feasibility of feed-in tariffs and auction mechanisms." Renewable and Sustainable Energy Reviews 72 (May 2017): 723–33. http://dx.doi.org/10.1016/j.rser.2017.01.103.
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Cai, Chen, Dong, et al. "Power Market Equilibrium under the Joint FIP-RPS Renewable Energy Incentive Mechanism in China." Sustainability 11, no. 18 (2019): 4964. http://dx.doi.org/10.3390/su11184964.
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In order to support the development of renewable energy, countries around the world have adopted certain renewable energy incentive mechanisms, including feed-in tariff (FIT) and renewable portfolio standard (RPS). Based on the official report concerning renewable energy consumption issued by the Chinese government in 2018, FIT is no longer an ideal renewable incentive mechanism for China. The increasing financial burden of renewable subsidies on the government has prompted a transition from FIT to a more market-based RPS mechanism. However, the abrupt transformation from FIT to RPS without any transitions might potentially cause problems, including a lack of incentives for market participants and a high market risk. Feed-in premium (FIP), which is a transformation based on FIT, can increase the flexibility of the mechanism and play an important role in the transitional period. However, to date, there has only been limited research work that has explored the effect of implementing FIP-RPS in the development of renewable energy in China. It is still not clear how this transition could be carried out smoothly. Therefore, this research was aimed to devise a joint FIP-RPS mechanism and further develop the optimal combination ratio of the two, so as to obtain a socially optimal mechanism design. The simulation results showed that, at different stages of renewable energy development, FIP and RPS should be implemented according to their distinct characteristics, and the joint FIP-RPS mechanism should be combined with different ratios. It could be indicated that the proposed joint FIP-RPS mechanism not only excels at promoting renewable energy, but is also capable of maintaining desirable market prices and social welfare in this transitional period, as compared to FIP and RPS implemented alone. In the future, a certain degree of FIP-RPS implementations to this type of energy transition would be one of the preferred methods that could be implemented to have a considerable influence on China’s national energy plan. This is because the combination of the two mechanisms not only reduces the financial burden of the government, but also plays an active role in the renewable energy market.
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Bondarenko, Svіtlana, Iryna Perevozova, and Tetiana Maksimenko. "Implementation of innovative projects using renewable energy sources in the fields of “future economy”." Journal of Scientific Papers "Social development and Security" 10, no. 3 (2020): 145–57. http://dx.doi.org/10.33445/sds.2020.10.3.13.
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The aim of the article is to study the implementation of innovative projects for the use of renewable energy sources in the “economy of the future”. According to the concept of “green" energy transition, the following areas of "economy of the future" are identified: energy efficient industry, buildings, heat energy; electric transport; circulating economy, waste reduction; support for research and innovation on electricity storage, production and storage of green hydrogen; digitalization and technological changes; renewable energy sources – wind, solar, bioenergy. It is proved that renewable energy sources can meet 80% growth in electricity demand over the next 10 years. By 2025, renewable energy sources will displace coal as the main means of electricity generation. If states adopt more aggressive policies, the role of renewable energy will be even more active in the next five years. It is proved that it is important to create an appropriate market environment to attract large-scale private investment in innovative renewable energy projects. After all, without sufficient investment, networks will be a weak link in the transformation of the electricity sector, which will affect the reliability and security of electricity supply. The transition to renewable energy sources in the general energy supply, including transport and heating, is most active in large cities. To transition the city to the “green” energy, the issues of attracting investment, changing consumer behavior, integration of electricity with heat supply and transport, the state of existing energy infrastructure (electricity, gas, heating networks), distribution of energy consumption between sectors (buildings, mobility) and players in supply (large energy companies, enterprises, cooperatives).
 The research of the basic tendencies of realization of projects of use of renewable energy sources in Ukraine is carried out. To ensure competitive conditions for the production of electricity from alternative energy sources, the introduction of incentive mechanisms and the installation of capacities for the accumulation of electricity at power plants is envisaged. Financial support for renewable energy at the state level is provided in two areas: tax benefits and credit support. Among the tax benefits and mechanisms in world practice are the following: investment tax credit; production tax credit; mechanism of partial or full compensation of interest for the use of loans by industrial companies and individual farms for the installation of energy storage systems; mechanism for exemption from taxation of imported equipment for energy storage systems, etc. However, Ukraine has not yet taken sufficient legislative and diplomatic steps to do so. Important are the problems of balancing the network, defaults and debts to market participants, the restructuring of the “green” tariff.
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Karski, Leszek. "Hiszpańskie i niemieckie osiągnięcia w rozwoju energetyki odnawialnej: aspekt prawny." Studia Ecologiae et Bioethicae 2, no. 1 (2004): 415–30. http://dx.doi.org/10.21697/seb.2004.2.1.25.
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Certainly, the renewable energy sector in Poland should be the beneficiary of the European Union enlargement. It results from both the energy policy and EU law. Poland should adopt national law to the EU requirements in the field of renewable energy sources. Polish legislators may rest on other countries' experiences in this subject. We especially should take into consideration Spanish and German measures. Spanish and German mechanisms of support for renewable energy sources at the national level are very interesting solutions. Those measures are intended to help to attain objectives such as meeting the commitments given on climate change, environmentally sustainable security of supply, and promotion of renewable energy sources. The article is an analysis of Spanish and German support systems in view of the modification of Polish law in the field of renewable energy sources.
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Malikova, O. I., P. A. Кiryushin, and А. V. Nikolaeva. "Technological Transformation Determinants of the Renewable Energy and its Government Support." Management Science 11, no. 1 (2021): 35–50. http://dx.doi.org/10.26794/2404-022x-2021-11-1-35-50.
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The development of effective mechanisms to support the introduction of new technologies is one of the important tasks of a modern management system. The paper summarizes the results of the introduction of new technologies that provided a breakthrough in the development of renewable energy sources (RES) and resulted in the displacement of traditional hydrocarbon fuel sources out of the market. The following breakthrough technologies which have been based on the data generalization and system analysis are considered as: digitalization, new power grids, the battery market, electricity storage, electrification of the final sectors of energy consumption. There have been given a description of technologies that showed their influence on the development of renewable energy sources. The paper provides a list of innovative renewable energy technologies that will play a decisive role in the market in the near future: new technologies together with renewable energy sources (marine solar and wind energy, a molten salt reactor, a wave energy device). The final part analyzes the prospects for the development of innovative technologies in Russia from the point of view of the government support as well as existing initiatives and implementation problems. Based on the analysis performed and the successful experience of China and Germany, there have been proposed recommendations for supporting new energy technologies in Russia. Ramarkable that despite the presence of significant research potential in the 60–80s of the XX century, the modern development of new technologies in the field of renewable energy is still at the initial stage of development. The paper substantiated the expediency of supporting the introduction of promising technologies and a set of measures to facilitate the transfer and introduction of new technologies. Due to one of the key problems of modern economic development in Russia is low effective demand, there is proposed to subsidize part of the cost of purchasing new equipment from the state in order to support the introduction of promising technologies.
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Strunz, Sebastian, Erik Gawel, Paul Lehmann, and Patrik Söderholm. "Policy convergence as a multifaceted concept: the case of renewable energy policies in the European Union." Journal of Public Policy 38, no. 3 (2017): 361–87. http://dx.doi.org/10.1017/s0143814x17000034.
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AbstractThe literature on policy convergence has identified numerous facets and causal drivers of convergence. Distinguishing four dimensions of convergence (object, benchmark, drivers and directed process) helps clarify why and in what form policy convergence may occur (or not). Thus, depending on, for example, the object of analysis (policy outcome or instruments used), the same empirical case may give rise to opposing assessments. Furthermore, both economic and political drivers are necessary to account for successful policy convergence: economic convergence partly explains why countries may face similar problems, and political mechanisms explain why they might choose similar policies to solve a given problem. This article illustrates the multifaceted character of convergence for the dynamic field of renewable energy policies in the European Union. The empirical results indicate temporary convergence in the case of policy support instrument choices and conditional convergence in terms of renewable shares. However, the results suggest divergence of public R&D subsidies targeting renewables.
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Baran, Bernadeta. "Support for renewable energy in Germany as an example of effective public policy." Oeconomia Copernicana 6, no. 2 (2015): 143. http://dx.doi.org/10.12775/oec.2015.017.
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This article aims to analyze the process of energy transformation in Germany and renewable energy state support as an example of a strategic and effective policy. Energy transition in Germany, which leads to replacement of conventional energy with renewable sources and increase of energy efficiency is a long-term project requiring a strong state intervention. This project is supported with European Union green energy policy giving favorable legal and institutional framework for green technologies development. The process of energy transformation in Germany started more than two decades ago and nowadays this economy benefits from growing number of new jobs and export of high-tech products. The article analyzes the concept of "green growth" in the EU, which is both determinant and the effect of energy transformation in Germany. It discusses support mechanisms and instruments for German green energy sector, transformation goals in that area, financing sources and the most important economic effects.
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Gnatowska, Renata, and Elżbieta Moryń-Kucharczyk. "The Place of Photovoltaics in Poland’s Energy Mix." Energies 14, no. 5 (2021): 1471. http://dx.doi.org/10.3390/en14051471.
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The energy strategy and environmental policy in the European Union are climate neutrality, low-carbon gas emissions, and an environmentally friendly economy by fighting global warming and increasing energy production from renewable sources (RES). These sources, which are characterized by high investment costs, require the use of appropriate support mechanisms introduced with suitable regulations. The article presents the current state and perspectives of using renewable energy sources in Poland, especially photovoltaic systems (PV). The specific features of Polish photovoltaics and the economic analysis of investment in a photovoltaic farm with a capacity of 1 MW are presented according to a new act on renewable energy sources. This publication shows the importance of government support that is adequate for the green energy producers.
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Percebois, Jacques. "Support mechanisms for renewable energies: their respective strengths and weaknesses. A comparison with the common agricultural policy." ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, no. 1 (January 2016): 43–58. http://dx.doi.org/10.3280/efe2015-001004.
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Sotnyk, Iryna, Yevhen Kovalenko, Yuliia Chortok, and Yevheniia Kripak. "Prospects of Investment in Green Energy Projects in Ukrainian Households." ЕКОНОМІКА І РЕГІОН Науковий вісник, no. 2(73) (September 23, 2019): 12–21. http://dx.doi.org/10.26906/eir.2019.2(73).1621.
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For Ukraine the issue of renewable energy development is extremely relevant in view of energy (increase in energy independence), economic (reduction of energy resources import costs), environmental (reduction of environmental pollution) and social (improvement of energy supply, increase in income of the population) problems that can be solved at its expense. Based on the existing potential, if there exist adequate mechanisms of government support for the renewable energy development, Ukraine may increase the share of renewable energy sources in the energy balance up to 25% by 2035, reducing to import a significant share of energy resources. In order to justify the economic feasibility of investing in households’ renewable energy projects until 2029 and to identify the promising trends in this sector development in Ukraine, the authors have assessed the economic efficiency of a project of 10 kW solar power plant construction in a typical Ukrainian household under some conditions. The results have shown that it is expected to observe a gradual outflow of investments from renewable energy sector of households since 2022-2023 due to the decrease in feed-in tariff rates and a corresponding decrease in the profitability of private renewable energy projects with small power capacities. Therefore an alternative powerful state support will be needed to provide the development of renewable energy sector.
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Lorenzoni, Arturo, and Laura Bano. "Il costo dell'elettricitŕ prodotta da fonti rinnovabili in Italia: una stima dei costi delle "inefficenze" del sistema." ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, no. 1 (March 2009): 57–77. http://dx.doi.org/10.3280/efe2008-001004.
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- The promotion of electricity from renewable energy sources (RES) is a high European Union (EU) priority for several reasons, including the security and diversification of energy supply, environmental protection and social and economic cohesion. The EU Council's decision of 9 March 2007 points towards increasing renewable penetration to 20% of total primary energy supply by 2020 (binding target). There are both costs and benefits associated with the achievement of such an ambitious target. For renewable technologies, the industrial cost is often higher compared to other energy sources. however, due to learning curve effects and market diffusion, technology related costs are coming down considerably. In some cases, when the external costs are taken into account by the price system, renewables can now be close to competitive with fossil fuels. With particular reference to renewable electricity in Italy, its development is often hampered by burdensome and time consuming authorisation procedures with the consequence of a high "mortality" rate for the investments in the sector, leading to increased costs for the project management. Therefore, in these projects an important cost factor is the high cost of capital due to risk. The analysis of the various renewables' support mechanisms currently in place in the EU shows that some types of incentive have proven to be more efficient than others in reducing the risk perception of investors and financing institutions, therefore making projects less expensive by reducing the cost of capital (both debt and equity). Therefore the focus here is on the electricity generation costs of some renewable technologies and on the costs related to the "additional" risk perceived by investors/lenders in the sector. The authors estimate the additional cost of capital which investors pay when operating in a risky environment. Some policy indications are finally given to reduce the non-technology related costs for a faster and more efficient growth of the sector. JEL Class. L98, Q28, Q48 Key words: renewable energy, electricity cost, administrative procedures, system inefficiency
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Urazgalieva, М. A. "Mechanisms for supporting "Green Finance" in the world practice and in Kazakhstan." BULLETIN OF THE KARAGANDA UNIVERSITY. ECONOMY SERIES 101, no. 1 (2021): 143–51. http://dx.doi.org/10.31489/2021ec1/143-151.
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Object: To study the necessity of strengthen the role of "Green" financing in the economy of Kazakhstan, the most successful examples of financing and implementation of tools to support "Green" projects in more developed countries. Accordingly, the subject of the study is the financing of the "Green" economy in the world practice and in Kazakhstan. Methods: Abstract-logical, system analysis, comparative analysis. Findings: As a result of the study, development state of "Green" financing in Kazakhstan is assessed and the experiences of advanced countries are identified. Thus, in the course of analysis more advanced countries were identified, such as China, Korea, the United Kingdom, Canada and others, which have made some progress in the release of " Green tools implementation of electricity production from renewable sources, recycling of household waste and reduction of biodegradable landfills and formation of targeted environmental investment funds, etc. Obtained results indicate that Kazakhstan has not sufficiently addressed the aspects of economy related to sources of "Green" financing that contribute preservation of environmental quality in conditions of financial resources shortage and bringing it in line with the principles of sustainable development of the country. Also, the issue of "Green economy" is not sufficiently activated, which covers such categories as "Green" economy, "Green" credit, "Green" thinking, etc. The reached conclusions outlined in the study framework are in general nature, we simply set the task-to find out the current situation on this issue and continue to rethink the modern concepts of scientific approaches in this area. Conclusions: The development of Green finance in Kazakhstan and government support the Green incentives should be aimed at ensuring the sustainable development of the Green economy through: creating an effective mechanism for implementing "Green" finance; formation of management system for development of "Green" finance and its consolidation in legislative and regulatory acts.
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Sękulski, Łukasz, and Stefan Żuchowski. "Financing sources of pro-ecological investments in the field of renewable Energy in Poland - an overview of the support mechanisms." E3S Web of Conferences 49 (2018): 00099. http://dx.doi.org/10.1051/e3sconf/20184900099.
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In view of an increasing trend in energy consumption and EU pressure on using sources of low greenhouse gas emission, Poland is facing an unprecedented challenge following increasing dependence from energy imports and also a necessity of climate change reduction. The target of this study is the presentation of investment financing mechanisms favoring environmental protection through the introduction of systems based on energy respect and renewable sources. This study is an analysis of the material of financial law, resolutions and trends in the pro-ecological policy of the state and self-government programs for environmental protection, ecological plans and priorities.
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Gholikhani, Mohammadreza, Seyed Amid Tahami, Mohammadreza Khalili, and Samer Dessouky. "Electromagnetic Energy Harvesting Technology: Key to Sustainability in Transportation Systems." Sustainability 11, no. 18 (2019): 4906. http://dx.doi.org/10.3390/su11184906.
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The convergence of concerns about environmental quality, economic vitality, social equity, and climate change have led to vast interest in the concept of sustainability. Energy harvesting from roadways is an innovative way to provide green and renewable energy for sustainable transportation. However, energy harvesting technologies are in their infancy, so limited studies were conducted to evaluate their performance. This article introduces innovative electromagnetic energy harvesting technology that includes two different mechanisms to generate electrical power: a cantilever generator mechanism and a rotational mechanism. Laboratory experimental tests were conducted to examine the performance of the two mechanisms in generating power under different simulated traffic conditions. The experimental results had approximately root mean square power 0.43 W and 0.04 W and maximum power of 2.8 W and 0.25 W for cantilever and rotational, respectively. These results showed promising capability for both mechanisms in generating power under real traffic conditions. In addition, the study revealed the potential benefits of energy harvesting from roadways to support sustainability in transportation systems. Overall, the findings show that energy harvesting can impact sustainable transportation systems significantly. However, further examination of the large-scale effects of energy harvesting from roadways on sustainability is needed.
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Paska, Józef, Tomasz Surma, Paweł Terlikowski, and Krzysztof Zagrajek. "Electricity Generation from Renewable Energy Sources in Poland as a Part of Commitment to the Polish and EU Energy Policy." Energies 13, no. 16 (2020): 4261. http://dx.doi.org/10.3390/en13164261.
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The aim of this paper is to present the state of development of renewable energy sources (RES) in Poland in accordance with the obligations of European Union energy policy. The EU Member States are obliged to adopt different support mechanisms for the development of renewable energy sources, and in consequence to achieve their Directive’s targets. Poland, being a Member State of the EU since 2004, has accepted a target of a 15% share of energy generated from renewable energy sources in final energy consumption, including 19.3% from renewable electricity until 2020. Due to the difficulties with target achievement, the authors found it reasonable to analyze the challenge of RES development in Poland. The article presents energy policy in the EU, as well as the review of measures implemented for renewable energy development. The current state of and perspectives on using renewable energy sources in Poland and in the EU are also depicted. In the article, the authors analyze the relation between reference prices at dedicated RES auctions in Poland and the levelized cost of electricity (LCOE). The paper also provides a description of the renewable energy sources’ development in three areas: electricity, heat and transport biofuels. Its main content, though, refers to the generation of electricity from renewable energy sources.
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Caldés, Natàlia, Pablo del Río, Yolanda Lechón, and Agime Gerbeti. "Renewable Energy Cooperation in Europe: What Next? Drivers and Barriers to the Use of Cooperation Mechanisms." Energies 12, no. 1 (2018): 70. http://dx.doi.org/10.3390/en12010070.
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Cooperation on Renewable Energy Sources (RES) in Europe is expected to contribute to energy and climate policy goals and bring multiple benefits at the national, regional and European levels. For this reason, the Cooperation Mechanisms of the RES Directive 2009/28/EC were originally designed to encourage the collaboration of countries and contribute to the achievement of the 2020 EU RES target in a cost-effective manner while providing Member States (MS) with flexibility to meet their national RES objectives. These mechanisms will allow MS to achieve their national RES target in cooperation with other MS and include statistical transfers, joint projects and joint support schemes. However, their use has been limited, leading to skepticism about their future use. The aim of this article is to identify the factors that influence MS decision to use the Cooperation Mechanisms and to rank their importance. The empirical analysis is based on a comprehensive, in-depth literature review and a dedicated survey to MS. Our results show that, indeed, a wide array of drivers and barriers have influenced and will influence the future use of the Cooperation Mechanisms. The main drivers and barriers in the past significantly differ to those influencing the future use. Furthermore, the perception of the relevance of the drivers and barriers by the MS differs depending on whether the countries have already met or are having difficulties to meet their 2020 RES target domestically and on whether they have actually used the Cooperation Mechanisms or not. Some policy implications on how to overcome the existing barriers to the use of those mechanisms are derived from the analysis.
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Dusser, Philippe. "The green-house gas (GHG) emission’s reduction mechanisms for biofuels in the European legislation." OCL 26 (2019): 45. http://dx.doi.org/10.1051/ocl/2019039.
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GHG reductions are a major focus of the EU policy. Several regulations have been set in order to meet the EU commitments under the Paris Agreement with an overall reduction of 40% from 1990 level. For the transport sector which is responsible for around 20% of the total GHG emissions, the GHG reductions obligations have been translated by i) reinforced GHG reduction thresholds for biofuels into the recast Renewable Energy Directive RED II; ii) an ambitious target of 30% GHG emission reduction target from 2005 level in the Effort Sharing Regulation (ESR) common to “non-ETS sector” (not covered by the Emission Trading System – ETS) as agriculture, building, waste… and transport. Furthermore, other EU regulations directed to Cars, Vans as well as Heavy Duty Vehicles set GHG emission reduction targets for new vehicle up to 2030. Finally, in its communication “A Clean Planet for All” the EU Commission describes A Strategy for 2050 to achieve a carbon neutral economy. This article addresses also the case of the German “GHG quota” which is a national support system for biofuels and as such is parallel to the European obligations stemming from the RED II renewable energy mandates that are to be met by Germany.
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Kaleta, Mariusz. "Aided design of market mechanisms for electricity clusters." Central European Journal of Operations Research 28, no. 4 (2019): 1291–314. http://dx.doi.org/10.1007/s10100-019-00640-1.
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Abstract There are two pillars of sustainable development in the electricity sector: renewable energy and energy efficiency. Both can be addressed by a concept of electrical energy cluster, which is a local area power system that works towards self-balancing. In this paper, we consider the problem of designing the market mechanism for an electrical energy cluster. This task is complex and extensive with ill-defined constraints and criteria. Therefore, we propose the ARchitecture for Market Systems, a well-defined reference architecture that captures the entire design process and helps the designer to navigate through it. The contribution of the paper lies in structuring the cluster mechanism design problem through problem decomposition into several areas called views. Within this architecture, a mechanism is being designed by choosing parameters from the space of solutions, visualising the concept on different schemas, and applying simulation models for evaluation purposes. Based on our reference architecture, we also propose a decision support system (DSS) for the market designer. We prove the usefulness of the approach by implementing a part of the DSS concept and by presenting its application for exemplary cluster design processes.
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MUZYCHENKO, Anatoliy, and Yulia GAVRILUK. "DIVERSIFICATION OF RENEWABLE ENERGY SOURCES BY AGRICULTURAL ENTERPRISES IN UKRAINE." Ukrainian Journal of Applied Economics 4, no. 3 (2019): 198–208. http://dx.doi.org/10.36887/2415-8453-2019-3-22.
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The literature analysis has made it possible to determine that the efficiency problems of oilseeds production remain insufficiently covered in the context of systematic assessment of the ecological consequences of the agricultural enterprises development processes and export orientation of the oil and fat subcomplex. The article deals with the legislative and regulatory acts governing the process of biofuels production by Ukrainian enterprises. A number of measures for state support of enterprises in the field of energy efficiency of Ukraine have been analyzed and reported. The main instruments for stimulating the development of biofuels production by agricultural enterprises in Ukraine are outlined. А number of advantages of the cluster organization for increasing the competitiveness of the biofuel enterprises were proposed, вased on the conducted research as a strategic direction, implemented through the mastering innovative developments in the field of bioenergy. The article deals with the interpretation of content filling of processes of cooperation, horizontal and vertical integration and cluster organization of production in the system of enterprises for the production of oilseeds and products of their processing. A system of measures on possible options for efficient production of biofuels and restraint of growing areas of oilseed crops is proposed. The prospects of building an effective entrepreneurial environment in the field of biofuel production have been determined, provided the formation of functional economic mechanisms for its stimulation, in particular: cheaper loans; exemption from taxation of the profit part received from the implementation of energy efficient and energy-saving technologies. Keywords: biofuels, energy, state support, public-private partnership, cluster, integration.
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Ibrahimi, Njomza, Alemayehu Gebremedhin, and Alketa Sahiti. "Achieving a Flexible and Sustainable Energy System: The Case of Kosovo." Energies 12, no. 24 (2019): 4753. http://dx.doi.org/10.3390/en12244753.
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In today’s energy system, the diffusion of renewable-based technologies is accelerating rapidly. Development of mechanisms that support the large-scale deployment of renewables towards global warming and climate change mitigation continues to remain an issue of utter importance. The most important challenges the energy system of Kosovo faces today is the difficulty to meet all the demand for electricity, low operating efficiency and high release of greenhouse gas emissions, but specifically a large source of carbon dioxide (CO2). Consequently, this influences not only the stability of the system but the society as a whole. This paper addresses several possibilities for designing an adaptable energy system in Kosovo with the ability to balance electricity supply and demand which will meet the requirements for a more efficient, reliable and secure system. A new way of energy generating through integration of new renewable and non-renewable technologies is developed using the EnergyPLAN model. The system is based on available technologies: existing hydro, wind, photovoltaic (PV), combined heat and power (CHP) and new solar thermal, heat pumps and biomass. The baseline scenario 2015 was expanded by four additional scenarios, two for the year 2030 and two for the year 2050. The contribution of renewable sources in the primary energy supply (PES) in the performed scenarios was 14.8%, 34.1%, 38.4%, 69.7% and 68.3% respectively. Further, a very important component of this paper is the investigation of integrating carbon capture and sequestration (CCS) technology in the coal-based power plant as part of the analysis in the second scenario for 2050. The shift to zero-carbon energy system in Kosovo requires additional research and assessment in order to identify the untapped potential of renewable sources. However, from the results obtained it can be concluded that the goal of a secure, competitive and sustainable energy system in Kosovo state which will meet its long-term energy needs can be certainly achieved.
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Księżopolski, Krzysztof, and Grzegorz Maśloch. "Time Delay Approach to Renewable Energy in the Visegrad Group." Energies 14, no. 7 (2021): 1928. http://dx.doi.org/10.3390/en14071928.
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Climate changes necessitate measures to reduce greenhouse gas emissions (GHG). The European Union’s climate and energy policy places particular emphasis on the development of renewable energy, considered to be the primary mean in achieving the climate neutrality goal by 2050. Having in mind the aforementioned, the study was conducted to determine time delay in the development of renewable energy sources between the Visegrad Group (V4) countries and Germany, considered the most advanced country in developing renewable energy and having the greatest impact on shaping European Union climate and energy policy. The time delay econometric method was used in four of its variants. The research results show that, despite the existence of support mechanisms, the development of renewable energy sources (RES) in the V4 countries has a high mutual correlation. There is a hight correlation between RES penetration in energy mix and UE goals of the climate and energy policy until 2020. At the same time, the available data from the analysed period 2004–2019 indicate growing time delay between the reference facility—Germany and the surveyed group. The paper identifies the primary factors behind the identified time delay and proposes research areas that could direct the future research of those aspects.
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Sotnyk, Iryna M., Oleksandr M. Matsenko, Vladyslav S. Popov, and Artem S. Martymianov. "Ensuring the Economic Competitiveness of Small Green Energy Projects." Mechanism of an Economic Regulation, no. 1 (2021): 28–40. http://dx.doi.org/10.21272/mer.2021.91.03.
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Small green energy projects are considered an important tool to help poor people achieve sustainable development goals. However, green projects' economic results do not always compete with the traditional energy business. The main reason is the imperfection of the existing renewable energy technologies and the comparatively high energy generation cost with their help. The example of Ukraine, which significantly depends on fossil fuel import and develops renewable energy with state support, shows that green energy competitiveness problems exist within the overall energy market, i.e., convenient energy technologies. The key barriers to increasing the competitiveness of small green energy projects are the lack of available financial resources, the inconsistency of state energy policy, energy pricing gaps, etc. These factors significantly inhibit the spread of green energy technologies in the domestic economy. The competitiveness assessment of the renewable energy business model on the example of a private rooftop solar photovoltaic power plant has proved that green energy generation is available to every household and small business owner and is economically profitable due to existing government support mechanisms. Today, there is no competition in the Ukrainian renewable energy market, so creating a business in this field is relevant. In the long run, competitive green energy projects will provide reasonable electricity prices for consumers and profits for energy producers and stimulate the energy sector's decarbonization. Further directions for improving public policy in the green energy industry are continuing energy pricing reforms, expanding energy efficiency programs focusing on demand management, creating new jobs, and increasing investment in renewable energy sources to ensure energy security and greenhouse gas emission reduction.
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Fina, Bernadette, and Hans Auer. "Economic Viability of Renewable Energy Communities under the Framework of the Renewable Energy Directive Transposed to Austrian Law." Energies 13, no. 21 (2020): 5743. http://dx.doi.org/10.3390/en13215743.
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This study is concerned with the national transposition of the European Renewable Energy Directive into Austrian law. The objective is to estimate the economic viability for residential customers when participating in a renewable energy community (REC), focused on PV electricity sharing. The developed simulation model considers the omission of certain electricity levies as well as the obligatory proximity constraint being linked to grid levels, thus introducing a stepwise reduction of per-unit grid charges as an incentive to keep the inner-community electricity transfer as local as possible. Results show that cost savings in residential RECs cover a broad range from 9 EUR/yr to 172 EUR/yr. The lowest savings are gained by customers without in-house PV systems, while owners of a private PV system make the most profits due to the possibility of selling as well as buying electricity within the borders of the REC. Generally, cost savings increase when the source is closer to the sink, as well as when more renewable electricity is available for inner-community electricity transfer. The presence of a commercial customer impacts savings for households insignificantly, but increases local self-consumption approximately by 10%. Despite the margin for residential participants to break even being narrow, energy community operators will have to raise a certain participation fee. Such participation fee would need to be as low as 2.5 EUR/month for customers without in-house PV systems in a purely residential REC, while other customers could still achieve a break-even when paying 5 EUR/month to 6.7 EUR/month in addition. Those results should alert policy makers to find additional support mechanisms to enhance customers’ motivations to participate if RECs are meant as a concept that should be adopted on a large scale.
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Kozaeva, N. V. "GOVERNMENTAL SUPPORT MECHANISM OF THE RENEWABLE ENERGY IN GERMANY." MGIMO Review of International Relations, no. 3(48) (June 28, 2016): 229–38. http://dx.doi.org/10.24833/2071-8160-2016-3-48-229-238.
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German Energy transition could be considered to be one of the most challenging a widescaled reforms, quite capital-intensive, requiring a high level of scientific input, having an influence on other economic sectors and economic entities. Energy reform is intended to increase the energy security level by increasing the share of renewables in its energy portfolio, environmental protection by decreasing the emission into the atmosphere and the level of energy consumption. Since 1990 the share of renewables in the whole energy sector and in electricity sector has been rising steadily. Governmental support, including direct finance, fiscal benefits and creating favorable market conditions for the sector has been expanding for renewable and declining for traditional energy. The costs for renewable energy are more transparent, during those for traditional energy are often hidden and indirectly charge the budget, can emerge later in form of subsequent costs of the climate. However, the system of support itself discloses its imperfection, when its implementation causes an opposite impact or contradiction between several instruments, which are actually aimed to solve one problem. Given the high strategic importance of the goals set, even an evident necessity to revise the mechanism of governmental support doesn't, however, mean that the government doubts the usefulness of the reform.
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Stoerring, Dagmara, and Frede Hvelplund. "Wind energy development as a part of Poland’s industrial development." Thermal Science 11, no. 3 (2007): 101–13. http://dx.doi.org/10.2298/tsci0703101s.
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Poland as an European Union (EU) member state has to increase its share of renewable energy (RE) in gross domestic energy consumption from 2.4% in 2003 to 12% in 2010. This paper discusses perspectives for wind energy development in Poland as a part of the industrial development given the political system supports RE. It shows that the fulfillment of the EU?s RE obligations could be used to the advantage of Poland?s sustainable development. Wind energy development may create a new industry that involves spare capacity of traditional Polish industries and generates new work places. This may help to overcome Poland?s main macro-economical problems: high unemployment and budget deficit. This paper concludes with recommendations on how to make wind energy development a part of the industrial development in Poland by introducing RE support mechanisms to improve the conditions for companies to develop wind technology in Poland. .
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Esposito, De Falco S. "Emission trading e comportamento delle imprese: un'analisi attraverso un Decision Support System." ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, no. 2 (May 2009): 99–125. http://dx.doi.org/10.3280/efe2008-002008.
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- The problem of the influence exerted on the firms behaviour from the introduction of the mechanisms of regulation of the Emissions Trading (ET) - is the heart of this 185 work. In fact, following the approach of the new-institutionalist school of Powell and Di Maggio, we wanted to test how much the business can be influenced by both the action of public and private institutions and the interaction with the socio-economical environment where it acts. In this context we tried to analyse the consequences induced by the dictates of the Kyoto Protocol on the strategic choices of the companies, with reference, above all, to the tendencies to change and innovation. The hypothesis of search is that mechanisms of regulation of the ET may change the competitive behaviour of the companies, for the advantage to pay the emissions permits rather than innovate the technological processes. To sustain such an hypothesis we developed a Decision Support System able to simulate the businesses behaviour after the share allotment. The work ends with a simulation carried out on the energy manufacturing equipment from which it is possible to make some considerations about the limited effectiveness of the mechanisms of regulation of the ET to stimulate virtuous businesses behaviours oriented to innovation.Key words: new-institutional theory, emission trading, competitive behaviour.JEL classifications: M51, L51, C15, Q56
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Wu, Wang, and Miao. "Fertilizer Use in China: The Role of Agricultural Support Policies." Sustainability 11, no. 16 (2019): 4391. http://dx.doi.org/10.3390/su11164391.
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Using a decomposition method, this paper proposes an analytical framework to investigate the mechanisms by which agricultural support policies affect farmers’ use of fertilizers in agriculture in China. The mechanisms are decomposed into “three effects” (structural, scale, and technological effects). It is found that China’s agricultural support polices have significantly contributed to the increased use of agricultural fertilizers through encouraging farmers to bring more land under cultivation (the scale effect). Meanwhile, some policies have also helped reduce fertilizer consumption when farmers were motivated to increase the area of grains crops (the structural effect). The role of technological progress in affecting fertilizer consumption (the technological effect) appears to be minimal and uncertain. Compared to direct subsidies, indirect subsidies play a much greater role in affecting farmers’ production decision making and are more environmentally consequential. This paper argues that some of China’s agricultural support policies are not well aligned with one key objective of the country’s rural policies—improving environmental sustainability. It is recommended that the government takes measures to reform agricultural support policies and to reconcile agricultural and rural policies in order to achieve sustainable rural development.
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Safari, Mohsen, and Fariborz Safari. "Renewable Energy Sources in Iran: Policy and Regulation." Journal of Politics and Law 10, no. 4 (2017): 245. http://dx.doi.org/10.5539/jpl.v10n4p245.
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According to the Fifth Five Year Development Plan, in Iran, renewable resources, under the green horizon scenarios, must provide 5,000 MW of electricity. Among different types of renewable source of energy, there is no shortage of information in Iran, which is located near to zero line (earth’s equator), with about 300 clear sunny days in a year, about setting policies promoting solar energy. Taking into account the availability and benefits of solar energy for Iran, this paper has focused on solar energy.Recent statistics show that, if the current development plans proceed, the capacity of the installed renewable energy systems would reach 2.8GW by 2030. This requires more than 2800 million US dollar investment in 20 years, i.e., 2010 to 2030. Despite the advantages of using solar energy, such as reducing greenhouse gases, it is important to note that solar power is 2.5 to 5 times as expensive as electricity from existing conventional power sources, such as coal and other sources. In order to encourage people to use solar power, there is a need to change our laws and establish an integrated energy regulation, involving tax policy mechanisms to support the deployment of solar energy in Iran. As Iran is dependent upon its fossil fuels, the transition from fossil fuels to renewable, which is a worldwide goal to reduce GHG or CO2 emissions, requires the adoption of a comprehensive policy and integrated regulation nationwide, taking a multidisciplinary approach. This paper exemplifies and considers the 2005 Energy Policy Act and Investment Tax Credit (ICT) for residential energy property, illustrating how solar-energy-regulation could contribute to the sustained development of solar energy. The main purpose is to help the development of sustainable solar energy regulation in Iran.
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Strovsky, Vladimir, Oksana Logvinenko, Irina Moor, and Natalia Pustokhina. "Resource conservation as a condition for preserving non-renewable natural capital." E3S Web of Conferences 177 (2020): 05021. http://dx.doi.org/10.1051/e3sconf/202017705021.
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The article overviews the problem of slowing down the rates of natural non-renewable sources depletion in the process of resources development. The goal of the presented research is to justify the implementation of the most appropriate method of carrying out a complete resource development process by incorporating the mining and raw material extraction facilities available in the country. The study provides scientific evidence of a large-scale harmful impact caused by the raw materials development to all the elements of the biosphere and their interdependence. The presented research also demonstrates that solving the problem of resource-conservation is a first-hand priority due to the fact that there is in a close interconnection between the levels of environmental pollution and the levels of natural resources extraction. The solution to the problem of natural resources conservation is based on the concept of implementing environmentally clean technology (ECT); this technology gives an opportunity for developing a concept of the best available technology (BAT) and the concept of a closed-loop supply, the latter of which has become widely-used as a form of circular economy. The authors of the article have also suggested a systematic range of techniques aimed at extracting following resources in full capacity: commercial resources, non¬commercial resources, overburden rocks and man-made mineral formations. The authors of the article suggest the necessity for enlarging the scope of available mineral resources by ensuring governmental support and developing small deposits, first and foremost focusing on the territories with a developed infrastructure and which had previously been developed. The ideas presented in the article express and support the necessity for prospective implementation of the mining factories waste products as a reserve for mineral and raw materials resources; as well as the necessity for increasing their production rates from the circular economy perspective. Some measures which would help to accelerate this process are: improving the legislative system, developing mechanisms for economic incentive and providing various forms of state-business co¬operation.