sustainable development, energy efficiency, circular economy, economic policy, environmental programs, renewable energy sources, environmental taxes, investments
Abstract
The article is devoted to a comprehensive study of the economic obstacles that hinder the achievement of sustainable development in Ukraine in the context of current challenges. The key problems are investigated, including the energy intensity of the economy, limited funding for environmental programs, insufficient integration of sustainable development principles into economic policy, inefficient waste management, and the impact of socio-economic instability. Based on the study of available information and data from institutions and organizations at various levels of the economic and managerial hierarchy, including the European Bank for Reconstruction and Development, etc., the article analyzes the causes of these problems and assesses their impact on the Ukrainian economy. In particular, high energy intensity is caused by existing technologies, especially in industrial sectors. Insufficient waste recycling hinders the transition to a circular economy, while limited funding for environmental programs hinders investment. The paper proposes ways for overcoming these problems, including stimulating energy efficiency through government subsidies and emissions trading, developing a circular economy by creating recycling infrastructure, attracting investment through environmentally friendly financial instruments, reforming economic policy through the introduction of environmental taxes and decentralization, and socio-economic measures to support the poor. Particular attention is paid to the adaptation of the international experience of transition economies, in particular Eastern European countries, to Ukrainian realities, taking into account the socio-economic context. The study emphasizes the need for cross-sectoral cooperation and the implementation of European standards, in particular within the framework of the European Green Deal, to ensure sustainable economic growth. The proposed recommendations are aimed at modernizing the state's economy, reducing dependence on imported energy resources, and improving the quality of life of the population.
Author Biography
Vladyslav Solodkyі, National University of Water and Environmental Engineering, Rivne
Candidate of Economics (Ph.D.), Associate Professor
