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Coordinated and published by The Grassroots Institute, the Grassroots Journal of Natural Resources (GJNR) is an international journal dedicated to the latest advancements in natural resources throughout the world. The goal of this journal is to provide a platform for scientists, social scientists, policy analysts, managers and practitioners (on all academic and professional levels) all over the world to promote, discuss and share various new issues and developments in different arenas of natural resources.
Harnessing Renewable Energy for Sustainable Economic Growth and Environmental Resilience
Maryna Iurchenko1, Yanislava Nyzhnychenko*2, Nataliia Rudyk3, Oksana Zolotarova4,
Svitlana Stakhurska5
1Faculty of Marine Technology and Natural Science, Klaipeda University, Klaipeda, Lithuania.
Email: maarinaiurchenko@gmail.com | ORCID: https://orcid.org/0000-0001-8992-6093
2Department of Tourism, Hotel and Restaurant Business, Faculty of International Economics, Odesa National Economic University, Odesa, Ukraine. Email: yanislava.oneu@gmail.com ORCID: https://orcid.org/0000-0002-0087-6745
3Department of Finance named after Victor Fedosov, Faculty of Finance, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine. Email: rudyk.nataliia@kneu.edu.ua | ORCID: https://orcid.org/0000-0002-4367-0392
4Department of Commodity Science and Customs Affairs, State University of Trade and Economics, Kyiv, Ukraine.
Email: o.zolotarova@knute.edu.ua | ORCID: https://orcid.org/0000-0003-2534-3125
5Department of Entrepreneurship and Environmental Examination of Goods, Lviv Polytechnic National University, Lviv, Ukraine. Email: Svitlana.V.Stakhurska@lpnu.ua | ORCID: https://orcid.org/0009-0003-0142-9466
*Corresponding Author
Grassroots Journal of Natural Resources, 7(3ukr): s52-s69. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr03
Received: 02 October 2024
Reviewed: 22 October 2024
Provisionally Accepted: 29 October 2024
Revised: 30 October 2024
Finally Accepted: 15 November 2024
Published: 30 December 2024
Renewable energy sources are a crucial element of the overall sustainable global economic development system due to climate change, depletion of fossil fuel sources, and the need to reduce the negative impact on the environment. Additionally, in modern geopolitical challenges, escalating economic pressures, and regional disparities in renewable energy development further complicate the global transition to sustainable energy. This article aims to define the role of renewable energy sources in ensuring sustainable economic development and analyze the influence of key factors on their implementation in sustainable development. We analyzed literature sources, and statistical data, followed by comparative analysis, systematization, and generalization, to identify the key factors influencing the implementation of renewable energy sources. The expert assessment method revealed the impact of internal and external factors on the development of the energy sector. These factors include Politics (P), Economy (E), Social sphere (S), Technology (T), Ecology (E) and Law (L) pillars that influence the implementation of renewable energy sources in ensuring sustainable economic development. The findings suggest that political instability (P1 - -2.7) and the destruction of energy infrastructure (P2 - -3.0), as well as economic factors (Total E - 5.05 / -8.33), are currently the main negative factors affecting the renewable energy sector in Ukraine. Additionally, social (Total S - 4.63 / -8.67) and environmental aspects (Total E - 3.9 / -8.125) still lack adequate management by the government and public perception, negatively impacting the further development of renewable energy sources. At the same time, technological innovations (Total T - 9.1 / -9.1) and the legal environment (Total L - 9.16 / -9.16) show potential for further sectoral development. The implementation of alternative energy sources and the overall support of the energy sector mainly depend on balanced policies in the electricity sector, the sector's investment attractiveness, social support, and the availability of technological innovations.
Waste; Fiscal policy; Macro-financial stability; Renewable energy sources; Alternative energy sources
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Iurchenko, M., Nyzhnychenko, Y., Rudyk, N., Zolotarova, O. and Stakhurska, S. (2024). Harnessing Renewable Energy for Sustainable Economic Growth and Environmental Resilience. Grassroots Journal of Natural Resources, 7(3): s52-s69. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr03
Iurchenko, M., Nyzhnychenko, Y., Rudyk, N., Zolotarova, O., & Stakhurska, S. (2024). Harnessing Renewable Energy for Sustainable Economic Growth and Environmental Resilience. Grassroots Journal of Natural Resources, 7(3), s52-s69. https://doi.org/10.33002/nr2581.6853.0703ukr03
Iurchenko M., Nyzhnychenko Y., Rudyk N., Zolotarova O., Stakhurska S. Harnessing Renewable Energy for Sustainable Economic Growth and Environmental Resilience. Grassroots Journal of Natural Resources, 2024, 7 (3), s52-s69. https://doi.org/10.33002/nr2581.6853.0703ukr03
Iurchenko, Maryna, Nyzhnychenko, Yanislava, Rudyk, Nataliia, Zolotarova, Oksana, Stakhurska, Svitlana. 2024. “Harnessing Renewable Energy for Sustainable Economic Growth and Environmental Resilience”. Grassroots Journal of Natural Resources, 7 no.3: s52-s69. https://doi.org/10.33002/nr2581.6853.0703ukr03
Iurchenko, Maryna, Yanislava Nyzhnychenko, Nataliia Rudyk, Oksana Zolotarova and Svitlana Stakhurska. 2024. “Harnessing Renewable Energy for Sustainable Economic Growth and Environmental Resilience”. Grassroots Journal of Natural Resources, 7 (3): s52-s69. https://doi.org/10.33002/nr2581.6853.0703ukr03
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