Abstract
Renewable energy development is one of the possible solutions to avoid dangerous climate changes and energy dependence. That is why many countries introduce a variety of incentives to attract investments in this sector. The aim of this article is to analyze impact of the Ukrainian state policy on the national renewable energy market. We questioned whether Ukrainians governmental interventions into this market have been successful. We also outline the influence of such incentives on the volume of investments, renewable energy capacity building, as well as on the competition at the market. The research has shown that Ukrainian government has implemented a number of tax and tariff incentives, which gave an impulse for rapid development of the sector. On the other hand, the rules for obtaining subsidies currently contain some risks for competition in the renewable energy sector. We came to the conclusion that despite some significant technical and administrative barriers, governmental incentives for renewable energy represent a rare case of successful subsidies in Ukraine.
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