Page 72 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 2, 2013, pp. 67-79

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the Energy Community on February 1 , 2011. Thus the transformation process in Ukraine’s energy
sector and further in-depth adjustments to the standards of the Energy Community are continuing.

Primary energy import of Ukraine,
0,01% 2010
11,80%

natural gas
15,40% coal

cruid oil
57,90% cruid oil products
electricity
14,90%

Figure 3: Primary energy import of Ukraine, 2010 (see National Statistics
Office of Ukraine (2010))
2.2. Objectives of Energy Policy in Ukraine
The increased use of renewable energy sources – especially in the EU Member States – was

originally driven by the threat of climate change and this reason now seems to have become less
important in most countries. The security of energy supply and particularly the independence from

increasingly expensive energy imports, however, has increasingly become more important. Energy

savings will help this goal to come in time faster. In some countries such as Germany there are some
extra economic aspects included: there is the influence of the German «energy transition» to build

and to establish an internationally competitive industry under the guise of environmental protection,
usually with almost direct financing by the consumer.

In Ukraine today the energy saving and energy efficiency were declared to play a major
role in the strategic development plan of the country. It is the strategic objective of the

government to reduce import dependence and to ensure the long-term security of energy supply.

The «fresh» membership in the European Energy Community has definitely made its
contribution. Thus many projects are currently being implemented in order to liberalize the

electricity market in particular and to make it more competitive. This process aims to set the
highest technical standards and regulations for the power distribution network, to enable the

export of electricity in the near future and to promote the investment climate. Thus, the

Ukrainian energy sector is becoming more intensively integrated into the EU energy sector
compared to other sectors and this causes increased energy security. The membership in the

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