ECONOMIC CHALLENGES OF ENERGY SECURITY STRATEGIES IN THE EUROPEAN UNION: LESSONS FOR UKRAINE

Iryna Dehtyarova

Iryna Dehtyarova Sumy State University, Ukraine (Corresponding author)

Keywords: energy security, sustainable development, economic growth, green energy, energy subsidies, Industry 4.0, Energy 4.0

Abstract

The article analyses current economic challenges of Energy Security Strategies in the EU in conditions of the Fourth Industrial Revolution. It reflects information, economic and technological transformations that lead to formation of Energy 4.0. It shows the areas where decisions need to be taken or concrete actions implemented in the short, medium and longer term to respond to energy security concerns in the EU as well as in Ukraine. The article also highlights the directions for providing energy security in Ukraine with the potential of energy renewables as well as measures for reduction negative impacts on energy security in Ukraine.

References

Energy Security Strategy, 2016. URL: https://ec.europa.eu/energy/en/topics/energy-strategy/energy-security-strategy.

European Energy Security Staretegy, European commition, Brussels, 2014. URL: http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52014DC0330&qid=1407855611566.

Great renewable energy potential in Ukraine. URL: http://www.elcom-ukraine.com/elcom_greatrenewablepo¬tential1.html.

IRENA (2015), REmap 2030 Renewable Energy Prospects for Ukraine. IRENA, Abu Dhabi. URL: https://www.irena.org/remap/IRENA_REmap_Ukraine_paper_2015.pdf.

Lang, Matthias. From Industry 4.0 to Energy 4.0: Future Business Models and Legal Relations, April 20, 2016. URL: http://digitalbusiness.law/2016/04/from-industry-4-0-to-energy-4-0-future-business-models-and-legal-relations.

Rabanal, Nuria G. (2016) An economic view of energy challenges in the EU: from the past to the future. Jean Monnet Seminar “Eu a la carte?”. Malmo, Sweden, 19–21 June 2016. European Commission. Directorate General for Education and Culture. Jean Monnet Activities. 138 p.

Schwab, K. The Fourth Industrial Revolution. URL: https://www.weforum.org/pages/the-fourth-industrial-rev¬olution-by-klaus-schwab.

Sotnyk, I., Dehtyarova, I.B., Kovalenko, Y.V. (2015) Current threats to energy and resource efficient develop¬ment of Ukrainian economy. Actual Problems of Economics. No. 11(173), рр. 137–145.

Stress tests: cooperation key for coping with potential gas disruption, 2014. URL: https://ec.europa.eu/energy/en/news/stress-tests-cooperation-key-coping-potential-gas-disruption.

Tagliapietra, S. (2014) Building Tomorrow’s Europe. The Role of an “EU Energy Union”. Review of Environ¬ment, Energy and Economics, р. 13.

The Energy Union: A New Start? Weber Shandwick energy talks, 2015. URL: http://webershandwick.be/wp-content/uploads/2015/03/WS-Energy-talks-FINAL.pdf.

Ukraine renewable energy. URL: https://www.energy-community.org/portal/page/portal/ENC_HOME/AREAS_ OF_WORK/Implementation/Ukraine/Renewable_Energy.

Vingerhoets, Pieter, Chebbo, Maher, Hatziargyriou, Nikos (2016) The Digital Energy System 4.0. Smartgrids. 70 p. URL: http://www.smartgrids.eu/documents/ETP%20SG%20Digital%20Energy%20System%204.0%202016. pdf.

Алексеев, А.Е., Новицкий, И.Ю., Женжебир, В.Н., Пшава, Т.С., Дадугин, М.В. Энергетическая безопас¬ность в Европейском Союзе: проблемы «зависимости» и развития. Интернет-журнал «НАУКОВЕДЕНИЕ». Том 7, № 6(2015). URL: http://naukovedenie.ru/PDF/35EVN615.pdf (доступ свободный). Загл. с экрана. Яз. рус., англ. DOI: https://doi.org/10.15862/35EVN615.

Сабадаш, В.В., Сабадаш, А.А. (2015) Энергетическая безопасность Украины: факторы неконфликтных стратегий развития энергорынка. Механизм регулирования экономики, № 2. С. 82–90.

Хель, И. Индустрия 4.0: Что такое Четвёртая промышленная революция? URL: http://hinews.ru/business-analitics/industriya-4-0-chto-takoe-chetvertayapromyshlennaya-revolyuciya.html (Footnotes).

Flow from Spain to France in case of supply crunch in Western/Central Europe. Flow from France to Spain to arbitrage high gas prices in Spain. The "Artère du Rhône" needs also to be reinforced.

These two interconnectors (PL-CZ and PL-SK) will enable flows between the Baltic and Adriatic, but also gas from DE-NL-NO could thus be transported increasing significantly security of supply situation in whole (South)- Eastern Europe.