Failures of energy policy in Ukraine in the context of energy security priorities

Abstract

The issue of energy security was the subject of research in the 1970s when the oil crisis of 1973 significantly affected the economic stability of hundreds of companies and ordinary citizens in the United States and Western Europe. One of the first researchers of energy security was Mason Willrich who, considering the impact of energy on international politics, national security, the world economy, and the environment in the world, drew attention to the issues of “security of supply” and “security of demand” as fundamental to ensure energy security. The concept of “energy security” involves the comprehensive implementation of political, economic, environmental, technological, and social measures to strengthen the internal subjectivity of the state and limit opportunities for external influence. Subsequently, numerous researchers have expanded the understanding of energy security to environmental sustainability and energy efficiency). The presented scientific work is focused on the analysis of state management decisions for ensuring the energy security of Ukraine. The authors also trace vulnerabilities in various energy systems, including energy infrastructure, energy services, and renewable energy sources. The decline in energy demand due to the COVID-19 pandemic in Ukraine has created a dilemma: state support for renewable energy production (RES), which generates rising producer prices, or reduced energy intensity of GDP and stimulated production of cheap nuclear energy. A comprehensive scientific analysis of the solution to this dilemma is the purpose of the presented work.