SRI AND ENERGY TRANSFORMATION ON THE WAY TO SUSTAINABLE COMPETITIVENESS

Autor: Iryna S. Shkura, Svitlana O. Fedulova
Jazyk: English<br />Russian<br />Ukrainian
Rok vydání: 2023
Předmět:
Zdroj: Akademičnij Oglâd, Vol 1, Iss 58, Pp 96-109 (2023)
Druh dokumentu: article
ISSN: 2074-5354
2522-9745
DOI: 10.32342/2074-5354-2023-1-58-7
Popis: Russian war against Ukraine turns to challenge for the whole world. The full scope of consequences is difficult to assess now, but some of them have been already clear. As a result, the world economy is under exposures of inflation, disruptions on GDP growth, food and energy crises and further supply-chain pressures. Energy prices volatility adds uncertainty to the whole system of socio-economic relations. Energy turns to weapon against the world stability. The paper concentrates on the idea that current situation in the energy sector calls for a prompt reaction on challenges, including war consequences. That, in turn, requires sustainable and responsible investment (SRI) and financial innovations for immediately energy transformation, which is an essential element for sustainable competitiveness of countries. It is also crucial not to lose a track for net zero emissions by 2050. Such investment which combines financial goals with ecological, social and governance issues are covered by umbrella term “sustainable investment”. Sustainable investment became a strong trend on global financial market, which is popular with institutional and private investors. Investment in renewable energy is a part of SRI and countries’ sustainable competitiveness depends on the SRI volumes. The research is aimed at studying interconnection between SRI and energy transformation on the way to sustainable competitiveness. The processes on the global energy market are investigated and main weak points which are sources of risks for the world economy are defined. Three significant energy-related weak points turned into risks for the world are highlighted: the level of dependency from imported gas (for European countries dependency from Russian gas in particular); energy prices volatility; energy structure (nonrenewable vs renewable). It is generalized governmental approaches in the sphere of energy transformation driven by a combination of energy security concerns and climate ambitions. The paper contains an assumption about correlation between SRI and countries’ sustainable competitiveness.
Databáze: Directory of Open Access Journals
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