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Modelling of Prognosis for Bioenergy Production in Ukraine

Author

Listed:
  • Iryna Hryhoruk

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine)

  • Valentyna Yakubiv

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine)

  • Yurii Sydoryk

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine)

  • Yuliia Maksymiv

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine)

  • Nazariy Popadynets

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine)

Abstract

Promoting renewables, in particular bioenergy, is vital to move Ukraine towards a low-carbon economy. Decision-makers might turn to bioenergy projections for developing their policies or investments. This paper presents statistical calculations and economic-mathematical modeling of the state of the bioenergy sector in Ukraine. Using Spearman's rank correlation coefficient, correlations between different factors influencing biofuel production were investigated. Modeling of the forecast of biofuel production was done with the use of a multiple regression equation, which provides for the creation of a standard linear model. It enables predicting future development of renewable energy and bioenergy, highlighting and choosing the most appropriate factors to be stimulated by the government in order to achieve the goals of renewable energy development and energy security as a result.

Suggested Citation

  • Iryna Hryhoruk & Valentyna Yakubiv & Yurii Sydoryk & Yuliia Maksymiv & Nazariy Popadynets, 2021. "Modelling of Prognosis for Bioenergy Production in Ukraine," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 27-34.
    • Handle: RePEc:eco:journ2:2021-06-4
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    References listed on IDEAS

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    1. Matsumoto, Ken’ichi & Shiraki, Hiroto, 2018. "Energy security performance in Japan under different socioeconomic and energy conditions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 391-401.
    2. Adam Wąs & Piotr Sulewski & Vitaliy Krupin & Nazariy Popadynets & Agata Malak-Rawlikowska & Magdalena Szymańska & Iryna Skorokhod & Marcin Wysokiński, 2020. "The Potential of Agricultural Biogas Production in Ukraine—Impact on GHG Emissions and Energy Production," Energies, MDPI, vol. 13(21), pages 1-20, November.
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    Cited by:

    1. Tetiana Kurbatova & Iryna Sotnyk & Galyna Trypolska & Laima Gerlitz & Tetiana Skibina & Olha Prokopenko & Oleksandra Kubatko, 2023. "Ukraine`'s Bioenergy Sector: Trends and Perspectives for the Post-war Green Energy Transition," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 515-532, September.
    2. Alina Yakymchuk & Oksana Kardash & Nazariy Popadynets & Valentyna Yakubiv & Yuliia Maksymiv & Iryna Hryhoruk & Taras Kotsko, 2022. "Modeling and Governance of the Country s Energy Security: The Example of Ukraine," International Journal of Energy Economics and Policy, Econjournals, vol. 12(5), pages 280-286, September.

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    More about this item

    Keywords

    Bioenergy; Renewables; Energy Security; Energy Strategy;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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