“Green certificates" as an economic incentive for the development of renewable energy in communities
DOI:
https://doi.org/10.46299/j.isjmef.20260502.03Keywords:
renewable energy sources (RES), territorial communities, "green" certificates, guarantees of origin, energy decentralization, sustainable developmentAbstract
“Green certificates” as an economic tool for stimulating the development of renewable energy are actively used in the world, in particular in the EU. Since Ukraine is on the path of active European integration, the issue of introducing “green” certificates to promote the development of renewable energy in Ukrainian communities is relevant. The article is devoted to the analysis of the economic tools for supporting decentralized energy generation through the introduction of “green” certificates. The mechanisms for stimulating demand for environmentally friendly energy from renewable sources (hereinafter referred to as RES) within communities are considered and the economic efficiency of certification as a factor in intensifying the “green” energy transition is assessed. The main advantages for local governments from the use of “green” certificates as guarantees of the origin of “clean” energy are identified. The article presents a stylized model of the electric power industry, consisting of a dominant producer of electricity from RES, which faces a competitor on the market in the community – a smaller producer. It has been established that the interaction of local governments, municipal institutions, business, and public organizations creates favorable organizational and social prerequisites for the cohesion of the local population, strengthening the economic capacity of territorial communities, increasing the efficiency of public management decision-making, and timely response to modern challenges and threats, in particular in the energy sector. The article highlights the scientific and practical aspects of using "green" certificates for financial and regulatory support of renewable energy projects in territorial communities. Communities are increasingly becoming subjects of climate policy, thus, "green" certificates will allow attracting extrabudgetary financing for environmental initiatives through the monetization of the environmental value of the energy produced. Key barriers and prospects for implementing a certification system as a means of greening regional energy systems are identified.References
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