Extraction Of Energy Resources Research Articles

A systematic framework for compilation of critical raw material lists and their importance for South Africa

Mineral resources are important contributors to the global economy and societal wellbeing. Directly, they provide employment, revenue and taxes through the extraction, processing and sale of minerals. Indirectly, they are essential to all modern industries, including: energy, manufacturing, construction, biotic and abiotic resource extraction and agriculture. The principle that ‘one cannot understand the value of what they have until they measure it’ is particularly relevant with critical raw materials (CRMs). CRM is a concept that categorises select resources (mainly minerals and metals) as critical in the sense that, at a national level, they are essential and difficult to replace, and their supply is prone to disruption. It is becoming increasingly recognised that the continuity of civilisation and living standards as some have envisioned them in the future is constrained by the quality and quantity of various minerals. National-level strategic planning, including energy policy, foreign relations policy, geopolitical operations, national defence, education and infrastructure planning, among others, all require knowledge of the requirement and supply of raw materials towards a practical strategic implementation. Hence, a national CRM framework is essential for a prosperous, productive and stable future. To effectively manage the supply and use of CRMs, it is important to comprehend both their formal (e.g., economic) and informal (e.g., social and environmental) values, and to measure and monitor these values effectively over time. This study examines international practices and methodologies as components of a comprehensive CRM framework. We then propose a prototype CRM framework for South Africa as such a framework is currently missing.All CRM frameworks feature one or more rating schemes to identify the degree of criticality of raw materials. The actual rating metrics are divided into dimensions (or factors), such as: socio-economic importance, technological importance, environmental, social and governance risks. Such dimensions are important due to the following reasons.•Delineating criticality from non-criticality: by rank-ordering CRMs based on various factors, a country can identify which ones are the most important for its economy, industry and national security. This information can help policymakers prioritise the development of domestic production and secure a stable supply of CRMs.•Assessing resource sustainability and supply stability: by rating CRMs based on environmental, social and ethical factors, a country can assess the sustainability of its resource use and identify areas for improvement. This information can help policymakers develop strategies to mitigate resource depletion, and supply chain disruption, minimise negative environmental and social impacts, and promote responsible resource management.•Supporting informed decision-making: an ordered ranking of CRMs provides quantitative and qualitative information to governmental bodies, industry and other stakeholders to support informed decision-making, including strategic planning. This information can help stakeholders make informed choices about the sources and types of CRMs they use and the sustainability of their resource use.•Promoting transparency and accountability: adopting suitable business ethical dimensions, such as through a corporate social responsibility framework, enables a country to promote transparency and accountability in its resource use and supply chains. This approach can help reduce illicit financial flows, corruption, and abuse of power, while increasing trust and confidence in the resource sector.•Innovation and investment opportunities: a CRM framework enables a nation to establish policy conditions that foster innovation and investment in key activities such as measuring, monitoring, sustainability, extracting, responsible processing, and efficient use of CRMs.Findings from this study underscores the necessity of a structured CRM framework in South Africa to effectively manage the complexities of resource management, economic ground, and sustainability. Integrating these frameworks into national policies can enable South Africa to secure a sustainable, economically viable, and environmentally responsible future. Such strategic initiatives are impor tant for national security, industrial policy, structural transformation, and economic stability, as well as aligning with global initiatives for responsible sourcing and climate change.

Sustainable Agriculture Development and Optimum Utilization of Natural Resources: Striking a Balance

There is a finite supply of natural resources, and unchecked exploitation may harm the ecosystem. The strategy for their sustainable use must be determined. The framework of sustainable development is used to define strategies of ongoing societal and state advancement that do not negatively impact the environment or the natural resources that will be needed for future human activities. A model that governs sustainable use takes into account the legal and strategic guidelines for the extraction of energy and natural resources. Ensuring the sustainable use of natural resources both nationally and internationally is the aim. Environmental protection and sustainable use of natural resources are closely intertwined. Additionally, a healthy environment's value and the degree to which the public is educated about its preservation are linked to the preservation of the working and living environments. All areas of human endeavour see improvements in quality of life as a result of faster technical development, but increased environmental deterioration is also a potential. Consequently, in order to achieve the objectives of the society's development policy, it is imperative to incorporate the appropriate standards that would support sustainable development. This review paper is a quick response to maintain the ecosystem's equilibrium and the surrounding area.

Seismic monitoring of EGS fracture stimulations at Utah FORGE (Part 1): Time-lapse variations of b-values and Shear-wave Splitting Rates of induced microearthquakes

Characterizing geologic formations near geothermal wells is crucial for efficient extraction of subsurface geothermal energy resources. To monitor effective fracture stimulation of enhanced geothermal systems (EGS), we analyze a catalog of induced microearthquakes to characterize seismicity induced by Phase 2C fracture stimulations of the Utah FORGE project and derive the b-values for 424 induced microearthquakes in three stages of fracture stimulation. We find the time-lapse variations of these b-values. We apply eigenvector rotation and waveform correlation to 3C geophone data to separate fast S1 and slow S2 waves, determine their directions, measure their lag time, and calculate the S-wave splitting rate (SSR) for six induced microearthquakes in Stage 1 and 21 in Stage 3. Both SSR values and b-values increase with time. The increase in these values may be related to heavily fractured zones created by fracture stimulations during Stage 2 injections. Large and highly variable SSR values in Stage 3 may reflect heterogeneities in the fracture zones. Time-lapse variations of SSR values and b-values may be one of the most useful approaches to monitoring and characterizing the effectiveness and efficiency of various types of fracture stimulations.

Imperialism, Ecological Imperialism, and Green Imperialism: An Overview

Abstract This article aims to explore the relationship between imperialism and political ecology, the identifying characteristics of the historical development of ecological imperialism, and the ecosocial implications of its cosmetic adaptation—namely, green imperialism—in a context of growing threat and biophysical concern. We first provide a succinct updated definition of imperialism based on world-systems analysis, which serves to understand imperialism as the system of economic domination of global capitalism, placing countries at the core of the system at one pole of extraction of labor, energy, and material resources, and those at the periphery at the opposite pole of supply. This hierarchization helps to understand ecological imperialism as a series of externalizations that the core tends to implement globally, transforming the periphery into a drain for these externalizations. As part of it, green imperialism appears as a new mode of accumulation aimed at preserving the imperial mode of living in the core legitimized by supposedly environmentally beneficial policies and discourses. We conclude by addressing the need for a fruitful dialogue between the critiques of ecologically unequal exchange and the radical positions of contemporary degrowth in order to reduce the most harmful productive sectors and favor a socially just transition and development in the Global South.

Ecological and economic assessment of the effectiveness of implementing bioenergy technologies in the conditions of post-war recovery of Ukraine

Purpose. Ecological and economic assessment of the effectiveness of implementing bioenergy technologies for processing organic waste in conditions of technogenic and military risks, while also addressing the need to reduce the extraction of fossil fuels. Methodology. The advanced global experience in bioenergy development is analyzed and considered using modern methods for calculating the technological parameters of biogas plants and determining the economic indicators of their effectiveness. The techno-economic evaluation and justification of the prospects of biogas energy are performed considering the regulatory framework and legislation of Ukraine and the European Union. Findings. With the development of individual biogas plants, the daily output can make approximately: biogas – 370 m3, electricity – 700 kW, thermal energy – 1100 kW. The total value of realized resources per year of operation amounts to €60,370 (of which: electricity – €31,467; thermal energy – €10,907; liquid organic fertilizers – €17,996). With investments of around €270–300 thousand and an annual profit of €21,870, the payback period of investments reaches 12–13 years. Originality. The scientific justification for the prospect and necessity of developing biogas energy in Ukraine has been established to improve overall energy security and the eco-economic efficiency of developing low-waste technologies alongside reducing the extraction of energy resources and greenhouse gas emissions. Assuming the improvement of the regulatory framework for biogas extraction and implementation in line with EU standards, as well as grant funding from various partner countries, the payback period could be reduced from 12 to 5–6 years, which is an acceptable indicator for small private enterprises. Practical value. The practical implementation of the proposed perspectives for the development of Ukraine’s energy sector in the conditions of post-war recovery will reduce dependence on fossil fuels, increase the overall level of environmental and economic efficiency in the energy sector. The possibility of reducing the payback period of capital investments in “green energy” projects by half for farm enterprises has been justified, which positively impacts the environment and energy security of Ukraine.

IMPORTANCE OF NATURAL RESOURCE ACCOUNTING IN INDIA : A CASE STUDY ON THE MINERAL AND ENERGY RESOURCES

Natural resource accounting is a crucial framework for evaluating the economic and environmental dimensions of a regions resource utilization. This case study delves into the crucial field of natural resource accounting in India, with a specific focus on the management of mineral and energy resources. The study underscores the fundamental axiom that Measurement of a resource leads to its better management. Through data collection, resource valuation, stock and flow analysis, sustainability assessment, and environmental impact evaluation, the paper reveals insights into the sustainable management of these invaluable assets.Indias burgeoning demand for mineral and energy resources, driven by rapid economic growth, necessitates an informed approach to resource management. Natural resource accounting serves as a key tool in this regard. By quantifying these resources, assessing their value, marketing them and considering their economic, environmental, and social impacts, this study advocates for a more informed decision-making process.The study emphasizes how the data and analysis derived from natural resource accounting facilitate the formulation of effective policies. These policies encompass resource extraction quotas, taxation, conservation measures, and environmental regulations, all of which are vital in ensuring responsible resource management.Furthermore, the study acknowledges the significant environmental repercussions of mineral and energy resource extraction. It underscores the importance of accounting for environmental costs and damages, thereby advancing policies aimed at responsible resource management and environmental conservation.A critical aspect addressed in this case study is the assessment of resource sustainability. Understanding whether resources are being extracted at a rate that is sustainable in the long term is paramount. It also underscores the need for policies that promote sustainable resource management and conservation.Transparency and public awareness are another focal point of the study. The availability of information regarding the status and utilization of mineral and energy resources can lead to more responsible resource management practices and enhanced accountability among stakeholders.Finally, this study emphasizes the economic planning and revenue generation potential of natural resource accounting. By grasping the value and availability of mineral and energy resources, governments can allocate resources for development projects, infrastructure, and social welfare programs more effectively.In conclusion, natural resource accounting is a vital tool for sustainable resource management in India. By quantifying and assessing these resources while considering their economic, environmental, and social implications, the government and stakeholders can make more informed decisions and work towards responsible resource management. The study highlights the potential for responsible management of mineral and energy resources in India, benefiting both the present and future generations while safeguarding its natural heritage.

Changes in the U.S. Economy and Rural-Urban Employment Disparities

In the United States, long-term changes in the nature of the economy – including advances in technological innovation and automation, declines in the extraction of certain energy resources, increases in globalization, and a shift to the "knowledge-based" economy – have coincided with disproportionately negative employment outcomes in many rural, or "nonmetro," communities, especially for prime working-age men and those with less than a high school degree.

Transformation and migration of key elements during the thermal reaction of coal spontaneous combustion

As deep coal mining continues to expand, the problem of coal spontaneous combustion (CSC) becomes increasingly severe, posing a significant threat to the safe extraction of energy resources. For preventing CSC, it is of great significance to determine the relationship between the content changes of major elements in the constituent coals and CSC, and it is a necessary study to reveal the mechanism of CSC. By utilizing elemental analyzers, it was found the coal experienced dominant changes in O/C ratios up to 120 °C, H/C ratios between 120 and 270 °C, and O/C ratios beyond 270 °C; By employing a correlation approach, it was determined that the key elements influencing heat release during CSC, i.e., C, H, and O. Additionally, with the key elements as monomers, the migration and transformation process of its mutual composition and structure was investigated, and mastered the influence of elemental migration on the thermal reaction properties in the CSC, as well as uncovering migration and transformation pathways in the CSC. Meanwhile, both the critical groups and temperatures that promote CSC generation were obtained, i.e., –CH2, –CO, and 150 °C, It is expected that the study results may provide theoretical support for the development of fire extinguishing materials.

Energy aspects of automobile transport development

Problem. Improving automobile transport means increasing fuel economy and environmental indicators. Fuel, in a broad sense, means energy used to activate the car's power plant. Potential energy is dispersed in the earth’s interior, on its surface, in the atmospheric air, and even in space. Moreover, some of them exist in different substances. On the one hand, the efficiency of an energy product use is assessed by its energy intensity; on the other hand, it is evaluated by the costs of its production (transportation) and the quality of its transformation into a consumer type of energy. Special attention is paid to renewable and unlimited kinds of energy sources. Goal. The purpose of the study is a qualitative analysis of the road transport development direction from the standpoint of the alternative energy sources use, taking into account the factors that comprehensively determine the economic and environmental indicators at the stages of production and processing of fossil raw materials, production of power plants and conversion, transformation, and transportation of energy in the field of transport technologies. Methodology. The first direction consists of the adaptation (conversion) of the design of thermal internal combustion engines for alternative liquid or gaseous fuel types. The advantage of this approach is minimal costs for engine conversion and fuel production. The second approach involves using hybrid power plants, consisting of a main and auxiliary engine, an energy source or accumulator, an energy converter, and a braking recuperation system. The third direction is the use of non-traditional energy sources. Results. The directions of the development of power plants for motor vehicles related to the increase in the energy density of hydrocarbon fuels, the use of hybrid power plants, and the use of alternative energy sources have been determined. A qualitative assessment of the considered approaches is given. Originality. A comprehensive approach to evaluating the effectiveness of using alternative types of energy in road transport is considered in terms of energy, economic, and environmental indicators. Practical value. The obtained results can be regarded as recommendations when drawing up plans for the evolution of industries of fossil extraction and transformation of other energy resources, the development of motor vehicles, and transport infrastructure technologies, taking into account the natural and industrial potential of the country

Borehole deformation based in situ stress estimation using televiewer data

The knowledge of in situ stress is critical in safe and optimised extraction of minerals and energy resources. In situ stresses are either measured directly (e.g. overcoring) or estimated indirectly (e.g. borehole breakouts). Borehole breakout analysis for in situ stress estimation is considered as a relatively simple and cost-efficient technique. This technique, however, poses certain limitations such as progressive formation of breakouts and requires inputs such as rock failure parameters that are not often available. As a result, significant effort has been made to develop new indirect methods for in situ stress estimation. Borehole deformation analysis using four-arm caliper has been recently proposed for in situ stress estimation and has shown promising results. In this study, we demonstrate a new methodology that analyses the borehole televiewer data with the technique of borehole deformation analysis to estimate the in situ stresses through a field case study. The advantages and challenges of using borehole televiewer data for stress estimation based on borehole deformation analysis are discussed and the best practice to obtain the reliable results is explained. The limitations of using four-arm caliper and borehole deformation analysis for in situ stress estimation are also discussed and it is shown how televiewer data can overcome such limitations. Finally, the in situ stress results obtained from televiewer data and borehole deformation analysis are compared with independent in situ stress measurements to show the robustness and reliability of the proposed methodology.

Analisis Keberlanjutan Lingkungan Melalui Capaian Pertumbuhan Ekonomi Dan Konsumsi Energi Terbarukan Di Indonesia

This study aims to determine the effect of economic growth and renewable energy on environmental sustainability in Indonesia. By applying the VECM analysis technique and data from 1990-2018 it was found that in the long term economic growth, renewable energy and natural resource extraction have an effect on environmental sustainability. The use of ecological footprint indicators is the main focus in this study because there are still very few studies that describe environmental sustainability in Indonesia from the perspective of the ecological footprint. This research provides impetus for the government to continue to strive for better renewable energy by seeing how important it is for environmental sustainability in Indonesia

Impacts on manufacturing workers as part of a whole-system energy transition

Providing access to good employment opportunities has become a key area of focus to ensure a just energy transition and to ensure that there is sufficient support for the technology transitions necessary for deep decarbonization. However, a societal transition to a decarbonized energy system will impact workers beyond those involved in energy resource extraction and energy production. Workers involved in manufacturing, especially those working in manufacturing industries that are energy- and emissions-intensive may face additional changes as those industries undergo technological changes. While discussions of the quality of jobs have focused on things like compensation, employment terms, and representation, other job dimensions, like the intrinsic characteristics of the work, health and safety, and work–life balance, stand to be directly impacted by technology change and are largely excluded from consideration. As these new technologies are developed and new energy sources are introduced to support manufacturing, we should also consider sociotechnical solutions that balance worker quality of life among other considerations like the utilization of new capital resources. Incorporating considerations across a wider definition of job quality dimensions will help to ensure that there is a sufficient workforce available to meet the demands of a decarbonization transition.

Protecting and restoring habitats to benefit freshwater biodiversity

Freshwater biodiversity is under great threat across the globe as evidenced by more severe declines relative to other types of ecosystems. Some of the main stressors responsible for these concerning trends is habitat fragmentation, degradation, and loss stemming from anthropogenic activities, including energy production, urbanization, agriculture, and resource extraction. Habitat protection and restoration both play an integral role in efforts to save freshwater biodiversity and associated ecosystem services from further decline. In this paper, we summarize the sources of threats associated with habitat fragmentation, degradation, and loss and then outline response options to protect and restore freshwater habitats. Specific response options are to legislate the protection of healthy and productive freshwater ecosystems, prioritize habitats for protection and restoration, enact durable protections, conserve habitat in a coordinated and integrated manner, engage in evidence-based restoration using an adaptive management approach, ensure that potential freshwater habitat alterations are mitigated or off-set, and future-proof protection and restoration actions. Such work should be done through a lens that engages and involves local community members. We identify three broad categories of obstacles that could arise during the implementation of the response options outlined: (a) scientific (e.g., inaccessible data or uncertainties), (b) institutional and management (e.g., capacity issues or differing goals across agencies), and (c) social and political (e.g., prioritizing economic development over conservation initiatives). The protection and restoration of habitats is key to Bend the Curve for freshwater biodiversity, with a comprehensive, connected, and coordinated effort of response options needed to protect intact habitats and restore fragmented, degraded, and lost habitats and the biodiversity and ecosystem services that they support.

Oil Theft and Violence in Mexico

Around the world, non-state armed actors have been linked to the illegal extraction of energy resources. This research note explores the case of Mexico. Anecdotal evidence suggests that criminal groups have been gaining control of energy infrastructure across the country. At the same time, oil tapping has been directly associated with criminal violence. Yet, there has not been a systematic effort to causally identify the relationship between illegal extraction and criminal violence. In this research note, we use the exogenous variation in international oil prices—as a measure of potential profits—to assess the effect of access to energy infrastructure on criminal-related violence. Our results show that increases in oil prices are associated with higher levels of homicide rates in municipalities with pipelines and in neighboring municipalities. Specifically, a standard price increase during this period is associated with approximately 20% more homicides per year in municipalities with gasoline pipelines. A locality-level analysis suggests a non-linear distance effect. Finally, we also explore criminal fragmentation as the mechanism connecting access to resources and violence. We find that access to pipelines is associated with higher presence of organized crime groups, but not necessarily with more fragmentation.

Environmental Analysis of the Incorporation of Sugarcane Bagasse in Medium Density Particleboard Panels through Life Cycle Assessment

The growth of civil construction and agroindustry, resulting from population growth, caused an increase in the demand for non-renewable resources and for the exploitation of natural resources. Consequently, it caused a greater generation of waste, causing the current scenario to require alternatives for the reuse of these materials. Particleboard panels, for example, used in civil construction, can add value to waste or materials of low acceptance, such as thinning wood, mechanical wood processing waste or agro-industrial waste. Thus, this study proposed to analyse the life cycle of the sugarcane bagasse, considering the stages of extraction of materials and energy resources until their final disposal. This study aimed to compare impacts generated by the production of particleboards panels produced with wood from plantations (pine) and with the sugarcane bagasse. As a result, a better environmental performance was obtained from the panel composed of sugarcane bagasse, as it generated lower environmental impacts in all impact categories studied. The benefits range from the reduction in waste disposed of in landfills, which increase its useful life, the lower demand for reforestation, with steps that generate atmospheric emissions and degrade the soil.

ПРАВОВОЙ АНАЛИЗ ПРАКТИКИ ЛИЦЕНЗИРОВАНИЯ ДОБЫЧИ ЭНЕРГОРЕСУРСОВ АРКТИЧЕСКОГО РЕГИОНА РОССИЙСКОЙ ФЕДЕРАЦИИ

The relevance of the presented article will be confirmed by the fact that the extractive sector today occupies an increasingly dominant position for the domestic economy, especially after the adoption by the Russian Federation of the "Strategy for Sustainable Development until 2035". Nevertheless, the management of extractive resources has always been a serious problem for many countries of the world. The article outlines the fundamental principles, policy options and best practices that form the basis of the proposed practice of licensing the extraction of energy resources of the Arctic region of Russia. This analysis should be considered as a starting point, recognizing that the development of a reliable license for sustainable development activities depends on an open and comprehensive approach to filling out its regulatory content. Russia, as a key player in the energy market, is interested in maintaining and increasing the production of hydrocarbons, so the further exploitation of Arctic energy resources is an urgent problem. However, the implementation of oil and gas projects in the Arctic is characterized by a poor impact on the natural environment, which leads to a violation of the ecological balance in the Arctic and affects the stability of its ecosystem, which is one of the most vulnerable ecosystems on the planet. The main purpose of this study is to understand how the implementation of oil and gas projects in the Arctic through the licensing system affects the ecosystem, assess the significance of this process and find out what the state and business could do for its successful implementation.

Environmental Hazards and Risk Identification in the Arctic Shelf Development as Part of China and Russia Energy Interests

China and Russia have different interests in the Arctic but are forced to look for possible ways of cooperation in energy projects in the current external conditions. This changes the priorities of both countries and, accordingly, transforms the risks. Objectives of the research: to build an algorithm for identifying anthropogenic environmental risks in the context of two major players economic activities in the Arctic region: the Russian Federation and China. In the paper, we formulated an algorithm of environmental risk identification. We identified environmental hazards from the main parameter—the type of economic activity for the extraction of energy resources, premises, and factors for the occurrence of environmental hazards and compiled criteria for risk selection. Methods used: complex analysis (mixed method research): empirical and comparative methods, methods of expert assessments, the method of inductive statistics (inferential statistics) to compare the perception of risk at the level of different groups. Results: the algorithm has been formed for determining risks in the changed external conditions. Major anthropogenic environmental risks are identified from the perspective of the main players in the Arctic—Russia and China, which can help to make the necessary decisions on time and partially prevent environmental degradation. This makes it possible to identify the risks associated with conducting economic activities for the extraction of energy resources in the Arctic region. Therefore, this study contributes to a more accurate identification of anthropogenic environmental risks in the Arctic region.

Энергетический кризис в странах Центральной Азии и перспективы их сотрудничества с Россией

The Central Asian countries, against the background of the rapid growth of electricity and energy consumption in the conditions of the systemic aging of the energy generating infrastructure, have been facing a systemic energy crisis for the past few years. In fact, today all the countries of the region have already overcome the energy “Chubais cross”, when electricity generation in the region and the extraction of energy resources are insufficient for the growing demand of consumption. All this creates a situation when the Central Asian countries face the need to adopt and implement a comprehensive, advanced program for the development of the energy industry, using the full range of opportunities. In the current geopolitical situation, Russia can become the main partner for the countries of the region to overcome the energy crisis by intensifying cooperation in the gas sector with the reversal of the Central Asia-Center gas pipelines, with the construction of at least two large nuclear power plants and the implementation of mini-reactors, as well as the use of the potential of “green” energy.

Правовое обеспечение реализации экологических проектов финансовыми инструментами в сфере ТЭК (на примере деятельности ПАО «Русгидро»)

The development of the fuel and energy sector is the most important strategic task of the Russian Federation for the foreseeable future. Obviously, it cannot be solved without timely and high-quality statutory regulation. A related problem is the global environmental degradation, which is largely due to the long and complex process of modernization of production facilities of both extractive and processing industries. In particular, the fuel and energy industry is associated with serious environmental risks arising during the extraction, transportation and storage of natural energy resources. In this regard, it seems that the fuel and energy sector associated with generating heat and electricity from renewable energy sources is the least exposed to environmental risks related to the reduction of natural resources. At the same time, the equipment used, for example, in hydropower generation urgently needs modernization, as the current stock causes environmental damage, but such activities require additional funding sources. The purpose of this study is to systematically analyze the application of legal mechanisms of financing environmental projects implemented in the fuel and energy sector. The methodological framework of the study was determined by the approach of materialistic positivism, which determines the application of a set of general scientific and special legal methods of scientific cognition, in particular, the methods of formal logic, systematicity, analysis, comparative-legal and formal-legal methods. As a result of the study, the author proved that developing the legal doctrine of securities as a way of investment, namely creating a legal structure of digital green industrial mortgages, is applicable to the fuel and energy industry. Based on the results of the study, the author concludes that the synergy of relations between economic entities, lending institutions and investors will have a multiple positive effect both on the country’s economy and on the environmental situation, if the priority legal instruments is applied to the relations arising in the implementation of environmental projects in the fuel and energy sector of the economy. The author proposes amendments to current laws, namely: to formalize a definition and legal framework of digital securities and their types in the annex to Chapter 7 of the Civil Code of the Russian Federation.

REGULATION OF THE EFFICIENCY OF THE ENERGY SECURITY SYSTEM IN THE INDUSTRY OF RENEWABLE ENERGY

This article outlines that for most countries of the world, the practical application of renewable energy sources is one of the most priority directions for developing the national energy industry. The annual increase in the volume of energy resources from various renewable energy sources was also noted. The forthcoming book on the growth of the specified indicator was also noted. The countries of the world that currently occupy leading positions in the practical implementation of renewable energy sources on national markets are outlined, including the European Union, the United States of America, China, and India. The fact that energy policy formation is implemented based on the complete domination of non-traditional energy sources over the usual and established fossil and destructive forms for humanity is noted. The strengths of renewable energy sources that should be taken into account are outlined, among them: internal energy characteristics of the potential, which by their content are necessary to satisfy the needs of humanity. Experience convincingly proves that the most significant development of alternative and renewable energy sources should be expected in those countries that today are energy-dependent on fossil and traditional fuels, supplying them to other countries while having a significant external debt burden. It is this circumstance that stimulates own extraction of energy resources through the use of RES; renewable energy sources are available and have an unlimited term and reserves of their use; the economic and ecological component of replacing fossil and dangerous, high-cost energy resources with more accessible, safe resources of non-traditional origin; optimization of price policy by limiting the cost of hydrocarbon resources and minimizing unforeseen losses; complete greening of the environment through the use of environmentally friendly technologies and the use of innovative technological means of work. It has been proven that to achieve maximum efficiency from the functioning of the energy security system in the field of renewable energy sources; it is expedient to observe the following four criteria, which necessarily include: decarbonization as one of the ways to get Ukraine out of the energy crisis; development of a new Strategy for the energy sector of Ukraine in the conditions of post-war recovery; the availability of systematic energy security through the introduction of renewable energy sources are programs and sources of financing; the availability of the routine scope of the application of renewable energy sources with the use of state-market instruments for the regulation of renewable energy in Ukraine. The author's model of regulation of compliance with the efficiency of the energy security system in the practical application of renewable energy sources is proposed.