European Union Green Energy: Risks and Opportunities for Ukraine

Abstract

The article analyzes the state and motives for the development of green energy in the European Union. The level and pace of improvement in the field of renewable energy in Ukraine has been found out. The critical consequences of Russian aggression for the Ukrainian energy sector have been described. Prospects and risks for Ukraine, shaped by European trends and problems in the field of energy, have been identified. The role of Ukraine’s involvement in the European Green Deal, Horizon 2020, EU4Energy and INOGATE programs has been considered. The negative impact of Europe’s energy dependence on the Russian Federation has been emphasized, and the way to overcome such a challenge has been outlined. The main components of the REPowerEU plan and the 2022 EU Strategy for an EU external energy engagement, where it is stated that the EU’s short-term goal is to neutralize Putin’s influence, which he uses due to the presence of significant energy resources, have been highlighted. The predicted changes in the energy landscape caused by the transition of the EU and Ukraine to renewable energy sources have been analyzed. A conclusion about the ambiguity of the impact of green energy processes and EU “green” policy for Ukraine, which needs to be regulated together with the European Union, has been made.