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State financial mechanisms of stimulation of energy efficiency of economy

Author

Listed:
  • Tsapko-Piddubna Olga I.

    (Ivan Franko National University of Lviv)

  • Bilenko Yuriy I.

    (Ivan Franko National University of Lviv)

Abstract

The goal of the article lies in the study of modern mechanisms of state financial stimulation of energy efficiency of economy, including fiscal and investment ones. In the result of the study of the world experience of use of fiscal and investment mechanisms the article identifies their essence and marks out advantages, shortcomings, specific features and tendencies of application. On the basis of the analysis of expenditures and benefits, execution of conditions of support of actions of the market mechanism, and also taking into account the world tendencies and experience in the use of fiscal and investment mechanisms, the article justifies a necessity of use and gives recommendations regarding priority of application of certain mechanisms in Ukraine. The article draws a conclusion that a necessary condition of the effective policy of energy efficiency is interaction of the market and state mechanisms. Besides, the market mechanism is determinative and state, including fiscal and investment mechanisms, supplementary in stimulation of energy efficiency. The prospect of further studies in this direction is a detailed analysis of financial mechanisms, namely their quantitative values () with the aim of strengthening the role of these mechanisms in the processes of increase of energy efficiency of economy.

Suggested Citation

  • Tsapko-Piddubna Olga I. & Bilenko Yuriy I., 2013. "State financial mechanisms of stimulation of energy efficiency of economy," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 4, pages 151-157.
    • Handle: RePEc:idp:redpoe:y:2013:i:4:p:151_157
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