When the Ukraine began to investigate methods for energy conservation, they realized that leveraging their natural gas deposits would be a first step towards becoming free of their oil dependency. While this was a good start, there is much that needs to be done to make complete changes towards becoming a carbon free country.
When a country makes a decision to make drastic changes to accommodate their carbon footprint, it can and does shake up the entire functional process of the country. Considerations that need to be made include changes to their energy infrastructure and pricing. To achieve an energy revolution, they need to attract investors to alternative and renewable energy sources. The investments was show an excellent ROI potential with a complete visionary plan in place. The Ukraine has demonstrated the beginnings of a serious attitude toward energy conservation and there are a number of additional steps that they will need to make.
The International Energy Agency (IEA) has done an analysis on the Ukraine and offered recommendations to help move them to a progressive energy market. A first and most important suggestion is to encourage an offset of residential high costs through the combination of support measures via an increase in investments in energy efficient technologies and incentives that offer consumption reduction. To attract investors, the Ukraine will need to improve statistics and data collection so that they can monitor the progression towards benchmarks and target goals. They will need to lower gas consumption and strengthen their policies that are energy-efficient to ensure that supply while lowering the cost of energy. Making use of their renewable energy development, specifically their municipal waste and biogas for power generation.
Two of the controversial recommendations include maintaining their nuclear power plants and encouraging additional oil and natural gas production. These two suggestions may assist in keeping the Ukraine from depending on imported oil, but will not assist in reducing their carbon footprint.
Leave a Reply
You must be logged in to post a comment.