Development of Energy Enterprises in the Context of Green Transformation | Journal of Engineering Sciences

Development of Energy Enterprises in the Context of Green Transformation

Author(s): Plotkin J.1, Levchenko N.2,3*, Shyshkanova G.2,4, Levchenko S.5

1 Hochschule für Wirtschaft und Recht Berlin (HWR Berlin), 52, Badensche St., 10825 Berlin, Germany;
2 National University “Zaporizhzhia Polytechnic”, 64, Zhukovskogo St., 69063 Zaporizhzhia, Ukraine;
3 Technical University of Berlin, 135, 17 Juni St., 10623 Berlin, Germany;
4 Humboldt-Universität zu Berlin, 6, Unter den Linden St., 10099 Berlin, Germany;
5 Information Technologies Department of the State Tax Service Main Department in Zaporizhzhia Region, 34, Dniprovska St., 69063 Zaporizhzhia, Ukraine

*Corresponding Author’s Address: [email protected]

Issue: Volume 10, Issue 1 (2023)

Submitted: March 9, 2023
Received in revised form: May 22, 2023
Accepted for publication: May 31, 2023
Available online: June 2, 2023

Plotkin J., Levchenko N., Shyshkanova G., Levchenko S. (2023). Development of energy enterprises in the context of green transformation. Journal of Engineering Sciences, Vol. 10(1), pp. G22-G33, doi: 10.21272/jes.2023.10(1).g3

DOI: 10.21272/jes.2023.10(1).g3

Research Area:  CHEMICAL ENGINEERING: Energy Efficient Technologies

Abstract. The article argues that the search for effective tools to ensure the economically secure future of energy companies and their development in the context of green transformation is necessary due to the speed of global transformations, the priority of reducing dependence on fuel and energy imports, the development of renewable energy sources, the instability of the environment for the functioning of energy companies (as a result of russia’s full-scale invasion of Ukraine) and their position both on the Ukrainian and European energy markets. The reality of the energy sector in the country and the steps for the recovery of the energy companies determined by the Economic Recovery Plan of Ukraine were analyzed. The evidence shows that the legislative amendments aimed at stabilizing the energy sector and solving key issues lack efficiency and cannot ensure the vital activity of energy enterprises and their development in the conditions of climate-neutral transformation. A methodology was proposed to assess the progress of the carbon-neutral development of energy companies, which should become the basis for attracting ESG investing. The vectors for creating a favorable environment for environmental, social, and governance (ESG) investing were identified as a unique opportunity to ensure the economically secure future of energy companies and their development in the context of green transformation.

Keywords: energy neutrality, decarbonization, sustainability reporting, green tariff, transitional payment mechanism, ESG investing, energy efficiency.


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