ASSESSING THE CLIMATE-NEUTRAL INVESTMENT PROJECTS IN THE CONTEXT OF ENVIRONMENTAL PROTECTION AND ENERGY SECURITY

Authors

DOI:

https://doi.org/10.35774/jee2023.01.111

Keywords:

Climate, environmental management, green energy, investments, low-carbon economy, carbon markets, environmentally friendly processes, climate-neutral innovations, renewable energy sources, meteorological conditions.

Abstract

The paper is aimed at studying the methodological aspects of assessing the features and advantages of implementing climate-neutral investment projects in the context of environmental protection and energy security. For this purpose, investigation is focused on the performance of investment projects in nature resource sectors (agriculture, forestry, etc.) that provide renewable resources (biomass) for the generation of green energy. The paper identifies the peculiarities of the transition to low-carbon economy and creation of carbon markets as platforms for the development of a system for managing climate-neutral investment projects. The scientific novelty of this research lies in the improvement of approaches to substantiating the economic feasibility of investments in nature resource sectors in view of the climate change. Namely, a comprehensive approach to comparing alternative variants of investment project solutions in climate-neutral projects is suggested. Moreover, the developed methodological recommendations account for the variable meteorological factors in calculating economic indicators. The paper’s practical value can be seen in the determination of the benefits from the implementation of climate-neutral projects using the example of production and processing of the agro-biomass for the development of renewable energy based on the circular use of resources.

JEL: F21, O13, Q20, Q21, Q41, Q42

Author Biographies

Leonid KOZHUSHKO, National University of Water and Environmental Engineering, Rivne, Ukraine

Doctor of Technical Sciences, professor, head of the Department of Management

Vasyl BRYCH, West Ukrainian National University, Ternopil, Ukraine

Doctor of Economic Sciences, professor, director of Education and Research Institute of Innovation, Nature Management and Infrastructure

Olena BORYSIAK, West Ukrainian National University, Ternopil, Ukraine

Candidate of Economic Sciences, doctoral student at the Department of Marketing

Anatoliy ROKOCHYNSKIY, National University of Water and Environmental Engineering, Rivne, Ukraine

Doctor of Technical Sciences, professor at the Department of Water Engineering and Water Technologies

Nadiia FROLENKOVA, National University of Water and Environmental Engineering, Rivne, Ukraine

Candidate of Economic Sciences, associate professor at the Department of Management

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Received: February 5, 2022

Reviewed: February 10, 2022

Accepted: February 14, 2022

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Published

11.04.2023

How to Cite

KOZHUSHKO, Leonid, et al. “ASSESSING THE CLIMATE-NEUTRAL INVESTMENT PROJECTS IN THE CONTEXT OF ENVIRONMENTAL PROTECTION AND ENERGY SECURITY”. Journal of European Economy, vol. 22, no. 1, Apr. 2023, pp. 111-26, doi:10.35774/jee2023.01.111.

Issue

Vol. 22 No. 1 (2023): JOURNAL OF EUROPEAN ECONOMY

Section

INTERNATIONAL ECONOMIC RELATIONS OF THE EUROPEAN COUNTRIES

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