A Review of the Monograph by T. Pimonenko, O. Lyulyov, N. Letunovska "Stochastic Modeling of the Roadmap for Harmonizing Domestic and European Standards of Energy Market Regulation: Transformational Shifts to a Circular and Carbon-neutral Economy”.

Abstract

The European Green Deal is a new European climate strategy presented by the European Commission in 2019. The central postulate of this strategy is the growth of renewable energy sources share in the energy balance of the European countries. The Pro-European integration vector of Ukraine envisages the country to synchronize the national energy policy with the EU strategic guidelines for transition to a circular and carbon-free economy. This monograph aims to explore the experience in implementing the principles of the European Green Deal and the best practices in improving energy policy among the EU countries. Therefore, the findings would be instrumental in developing a balanced and structured roadmap for Ukrainian energy policy synchronization with the EU requirements. The European Commission poses significant challenges to European producers. In turn, transition to the principles of the European Green Deal is particularly relevant for Ukrainian exporters competing with European producers within the European Union and abroad. The comprehensible implementation mechanism of the new European Green Deal tools is a prerequisite for the successful adaptation of national energy policy and the modernization of approaches to managing local businesses and industries that depend on energy resources.