Economic and statistical analysis of current trends in “green” energy development

¹ Oles Honchar Dnipro National University, Dnipro, Ukraine
² Dnipro Humanitarian University, Dnipro, Ukraine
³ University of Customs and Finance, Dnipro, Ukraine
⁴ Mykhailo Tuhan-Baranovskyi Donetsk National University of Economics and Trade, Krivyi Rih, Ukraine

^* Corresponding author: onsazonets@gmail.com

Abstract

For a long time, the key factor in the growth of national economies around the world has been the use of natural resources, especially minerals. This approach has led to problems of environmental degradation, ecosystem disturbance and depletion of natural resources. One of the most significant and effective ways to exert a positive influence on the system is to reduce the consumption of non-renewable natural resources and to decrease the reliance on energy resources in the economy. In order to achieve this goal, it is necessary to introduce new technologies. One of the principal aspects of such structural modernization is the expansion of the use of renewable energy sources (RES). The creation of low-carbon economies involves increasing of clean energy through improving energy efficiency and reducing greenhouse gas emissions. This is due to the heterogeneous distribution of natural resources, the growing energy demand in developing countries, and the growing awareness of the environmental risks associated with the use of artificial fuels. The objective of this research is to provide an economic and statistical analysis of the use of renewable energy sources in Europe and the world, to identify the principal global trends in the production of specific types of RES, and to assess the development of “green” energy in Ukraine based on autocorrelation and multicorrelation models.