LET’S GO GREEN
2016 has set two opposing energy records. According to the International Energy Agency (IEA), oil production has fallen to a minimum level over the past 70 years. Mining companies continue to reduce costs associated with low oil prices. Mining has dropped to 2,4 billion barrels in 2016, compared with the average indicator of the last 15 years at 9 billion barrels annually. On the other hand, the renewable energy sector showed its largest annual growth. Today the world annually increases the power of renewable energy several times more than adds capacity from all kinds of fossil fuel sources in combination. By the end of 2015, the capacity of renewable sources has already allowed to provide 23,7% of the world’s electricity needs. According to IEA forecasts, this index will be 37% by 2040.
Significant changes have taken place in the structure of electricity sources over the past 10 years. The percentage of combustible and atomic sources is gradually decreasing now, and renewable one is constantly rising.
TOGETHER IS MORE EFFECTIVE
Technical, economic and market transformations in the electricity sector continue to accelerate all over the world and many countries There are large-scale transformational shifts on the way to a complete transition to renewable energy in Europe. For the sake of it, companies and states even go for temporary losses abandoning old sources for the transition to new ones, which are more efficient and more environmentally friendly.
In 2011, Ukraine joined the Energy Community of Southwest Europe by acquiring the status of Contracting Party. Within the framework of its membership, Ukraine will continue to improve the efficiency of functioning of internal energy markets through the implementation of relevant EU legislation.
In 2015 within the UNO Framework Convention on Climate Change, the replacement of the Kyoto Protocol was followed by adoption of a new agreement- the Paris Treaty. It will start operating from 2020. It has to be fatified by at least 55 states, with greenhouse gas emissions of at least 55% of the world’s total. Unlike the Kyoto Protocol, the Paris Climatic Agreement provides that commitments of reducing harmful emissions into the atmosphere have to be assumed by all states, regardless of the degree of their economic development. The Paris treaty imposes new obligations on Ukraine to reduce greenhouse gas emissions. The foregoing cannot but influence on the development of the energy sector as a whole, since it is the largest source of emissions. The energy efficiency and renewable energy sources will play a crucial role in this.
UKRAINIAN CHOISE AND THE “GREEN” TARIFF
In light of course on comprehensive European integration, Ukraine is joining the world community by the actual actions of encouraging legal and natural persons to produce and consume energy from “green” sources. Over the past two years, electricity generation from such sources has substantially increased. In 2016, 120 MW of new facilities for “green” energy objects were put into operation. In general, as for the beginning of 2017 in Ukraine, the capacity of renewable energy facilities is 1.1 GW (According to the State Agency for Energy Efficiency and Energy Conservation of Ukraine). Last year such objects produced more than 1.7 billion kWh.
Companies that produce energy from renewable sources are stimulated by the state as much as possible. The “green” tariff is not only one of the largest in Europe but also has a legislative binding to the euro. In fact, the essence of the “green” tariff is reduced to the next: the state guarantees the purchase of electricity from alternative sources at the “green” tariff until January 1st, 2030. The tariff is calculated for each object by the coefficient and, in general, for objects that will be put into operation by the end of 2019, it is
For the first time the idea of preferential tariffs had been implemented in the Unated States in the distant 1978 as a reaction to the energy crisis and in order to combat large-scale air pollution. The first law to promote energy conservation and the development of renewable energy sources has appeared there. In the 1990s Germany joined adopting a law obliging suppliers to buy electricity from renewable sources for a fixed fee.
In 2008 the Law “On Amendments to some Laws of Ukraine on Establishing a Green Tariff” was adopted in Ukraine. It is this time that serves as a benchmark for the deployment of companies producing so-called “clean” energy in the country. Small sources of hydroelectric power (with installed capacity up to 10 MW), wind, solar and power plants that use biomass as fuel were equated with such sources.
In 2015, another incentive Law was adopted, which abolished the requirement for a local component, introduced an increase of 5% and 10% to the tariff for the use of Ukrainian production equipment, increased tariff for biomass and biogas electricity generation.
The percentage of electricity generated from renewable sources in the structure of all sources in Ukraine is gradually increasing and is about 3%. Not much, but it is a good start.
According to the Ukrainian Association of Renewable Energy, the map of the location of renewable energy objects of the Association’s members is as follows:
The alternative energy in practice is one of the few industries in which investors continue to invest. The cost of equipment for solar power stations is gradually decreasing and new technologies in this area continue their implementation. For example, in 2016 in Dnipropetrovsk region the first tracker solar power station in Eastern Europe was launched. There are modules with a motion functions, which follow the movement of the sun on its panels. The movement of batteries allows to produce 50% more energy than conventional stationary installations. The solar power station “Solar Park Pidgorodne” is completely built at the expense of domestic investments. Businessmen spent almost UAH 20 million on the third turn. This station serves about 27 thousand households during the year. Not in last turn it was due to the support of the local authorities, which helped businesses to overcome the difficulties and as a result, investors continue to invest.
FUTURE BEGINS TODAY
It is undoubtedly that “green” energy, like any other has its advantages and disadvantages, but compared to other sources, the benefits are significantly higher. The renewable sources are getting cheaper and gain momentum even faster than it was predicted by reputable global analytical agencies. Their indicators are breaking records every year. The energy future of the planet is in renewable energy.
Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]
The car manufacturer McLaren has introduced a new sports convertible McLaren 765LT Spider. The sports car is equipped with a 4-liter twin V-8 turbo engine with 755 horsepower and 590 Nm of torque. The car accelerates to 96 km / h in 2.7 seconds. The maximum speed reaches 280 km / h. It is reported […]
The profits of the American technology companies Apple, Microsoft and Alphabet increased significantly in the second quarter of 2021. This was reported by the BBC. It is noted that Apple’s profits have increased to 21.7 billion US dollars over the past three months amid an increase in purchases of 5G iPhone. Microsoft generated $ 16.5 […]
Another plant of the German carmaker BMW has been suspended. Next week, the company’s plant in Regensburg will be temporarily closed due to a shortage of semiconductor microchips, a BMW representative told the industry publication Automobilwoche. The plant will be shut down completely throughout the week. After that, a summer break will begin at the […]
AirlineRatings.com named Qatar Airways the airline of the year. As reported on Tuesday, July 27, the rating of Top Airlines in the World takes into account flight safety, on-board service, passenger comfort and flight routes, as well as the response of airlines to the COVID-19 coronavirus pandemic. Qatar Airways was recognized as the best airline […]
The Windscribe privacy tool, based in Canada, failed to encrypt corporate VPN servers recently confiscated by the Ukrainian authorities. The company provides services through the OpenVPN program. The Android app has over 5 million installs, indicating that the user base is probably much larger. “On June 24, 2021, our monitoring systems informed us that two […]
During the trading session on Monday, July 26, bitcoin accelerated growth and traded at $ 39,177 thousand (+ 10.58%). This is evidenced by data from the portal Coindesk. After that, the cryptocurrency rate slowed down and was at $ 38,939 thousand (+ 9.91%), after which it began to move further. Last night the rate of […]
Uber has announced an agreement with TPG Capital to acquire Transplace, which provides the widest portfolio of technology services and solutions in the logistics and transportation industry. The estimated amount of the deal is a considerable $ 2.25 billion, but about $ 750 million Uber will pay in the form of its own shares, and […]
The recent scandal with financial fraud and losses of $ 4.5 billion in the Toshiba Company led to the fact that the Japanese giant’s shares collapsed by 43%. Toshiba is the oldest Japanese manufacturers of electronics and has been on the market for 140 years. All events that occur in the company significantly affect the […]Next
YouTube video hosting will launch a new platform for creating short videos. This was reported in the official blog of the company. It is reported that the new service Shorts is designed for fans to record short videos on a smartphone, apply music and effects to them and share with your contributors. Beta testing Shorts […]Next
Tesla has agreed with a number of banks to cooperate in the sale of shares in the company totaling up to $ 5 billion, according to the US corporation. “We have entered into a share distribution agreement … under which we may from time to time offer and sell our ordinary shares with a total […]Next
During the week, foreigners bought Ukrainian government bonds by UAH 2.844 billion, increasing the share of non-residents to UAH 102.864 billion, which is 10% of the total volume of IGLBs. The press service of the Ministry of Finance reports. Ukrainian banks remain the largest owners of IGLBs with a total share of 51.17%. During the […]Next
Previously unknown to the Ukrainian market Iranian airline company Mahan Air announced the launch of several regular eastbound flights from Kyiv. This reported the “Delo”. According to the publication, in the list are flights to India, China, Malaysia, Thailand and the UAE. Entering the Ukrainian market for the Mahan Air became possible due to the […]Next
A few days ago was received a blow to the reputation of one of the five largest deposit banks in England – Barclays. The financial institution was fined by regulators for the amount of 72 million pounds for failing in managing, evaluation and controlling financial risks. According to the supervisory authorities, Barclays made significant mistakes […]Next
The ABH Ukraine, Cyprus company said it would buy a 50% stake in the “Alfa Insurance” insurance company. Recently, the Antimonopoly Committee has permitted ABH Ukraine (Cyprus) to buy a 50% stake in the “Alfa Insurance” insurance company, according to the Antimonopoly Committee report. “It was given a resolution to the ABH Ukraine Limited company […]Next
Business assessments of economic growth in Ukraine have improved for the first time since the first quarter of 2020 – the index of business expectations of enterprises returned to a positive value of 108.4%. This is evidenced by the results of a survey of company executives conducted by the National Bank of Ukraine in the […]Next
A recent study by the Law Society of Scotland has shown a 42% pay gap between female solicitors and their male counterparts, despite women representing half of the legal profession in Scotland. The Law Society found that from the age of 36, women are paid a lower salary, on average £18,000 less, than men of […]Next
Large investors of the Ferrari – Exor and Piero Ferrari holding company, made a pact that will protect the corporation from hostile takeovers. Ferrari feared for his integrity after it will be separated from the Fiat Chrysler in the beginning of the next year. Investors are joining forces to make all actions together and consulting […]Next
Stocks Boeing, which fell by 47.5% since the beginning of the year fell by 1.6% before the opening of trading on Tuesday amid news of a new FAA investigation. The US airline is going through the most difficult period in its history, continuing to expect recertification of the most profitable passenger`s aircraft Boeing 737 Max, […]Next
Founder of Tesla Inc. and SpaceX Elon Musk took second place in the list of the richest people in the world, ahead of Microsoft founder Bill Gates. This was reported by the Bloomberg Billionaires Index. Over the past 12 months, Mask’s fortune has grown by about $ 100 billion, according to Bloomberg estimates. According to […]Next
Shares of Uber, which rose on 16.7% since the beginning of the year, fell 2.65% after the close of trading on Thursday, in response to the results of the second quarter. Uber management called the quarter “the hardest in history”, given the sharp drop in passenger traffic due to the COVID-19 pandemic. At the same […]Next
According to Interfax-Ukraine, Fozzy Commercial and Industrial Group (CIG) in connection with Trash new retail chain storey creation, has registered LLC Silpo-Food at the beginning of August. According to information in the Single state register of legal entities and individual entrepreneurs, PJSC became the founder of PJSC Closed Undiversified Venture Corporate Investment Fund Retail Capital. […]Next
The press service of Hawkley reports that Hawkley Oil & Gas Limited Australian mining company had reported about the Ukrainian company sale transaction assets of Tomeas Assets Ltd. The amount of transaction has constituted 1 million dollars. Negotiations on sale have continued since February 2016. Reportedly that Hawkley Oil & Gas Limited will allocate proceeds […]Next
«Syutkin & Partners» Law Firm prepared a new series of programs “CAPITAL”. The “CAPITAL” discusses topical issues of big business in today’s economic climate: tax audits, economic crimes, corporate conflicts, etc. You will hear the views of industry experts and recommendations of specialized lawyers. Qualitative law business support will save and increase your capital. The […]Next