scholarly journals CONCEPTUAL FUNDAMENTALS OF BIOECONOMIC STRATEGY

2021 ◽  
Author(s):  
Ilona Yasnolob ◽  
Nataliia Demianenko ◽  
Kseniia Chernenko
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Renewable Energy Sources ◽  
Sustainable Use ◽  
Added Value ◽  
Main Task ◽  
The European Union ◽  
Joint Work ◽  
Biological Resources ◽  
Food And Feed

The article provides a conceptual justification of the bioeconomy strategy. It is determined that the problem of limited fossil resources and the provision of food, medicines, environmental pollution encourages the search for alternatives to traditional production. It has been established that the bioeconomy is an element of poverty reduction and the transition to global sustainable development. Modern bioeconomy - the production of materials, food and feed, fuel and much more from biological resources. The bioeconomy can offer resource-efficient, environmentally friendly and sustainable systems for the production of food, feed, fuel and agro-industrial products with added value and, consequently, a healthier and more prosperous future. The concept of bioeconomy requires: active interaction with stakeholders throughout the bioenergy production process; transparent exchange of information on social, economic and environmental costs and benefits; constant monitoring; joint work to identify and implement best practices. It is noted that the mechanism of bioeconomy management is aimed at clearly identifying alternative ways to achieve the development of the bioeconomy, and the definition of political, institutional principles and bioeconomic strategies. The ways of transformation related to the bioeconomy are formed. The main political priorities of the bioeconomy strategy of the European Union are investigated. The general issues of the Concept of the State Strategy for the Development of the Bioeconomy of Ukraine until 2030, coordinated by the Council for the Development of the Bioeconomy, are considered. Its main task is to create a more innovative, resource-efficient and competitive economy that reconciles food security with the sustainable use of renewable energy sources and resources for industrial purposes. Bioeconomics is considered in the following aspects: 1. Biotechnology - more technologically focused on economic growth and job creation through the use of biotechnology and commercialization of research and technology. 2. Bioresource - focused on achieving economic growth and sustainability through the transformation and improvement of biological resources for use by society. 3. Bioecology - sustainability and promotion of the bioeconomy primarily to protect ecosystems and prevent degradation. This aspect is least noticeable in existing bioeconomy strategies, but there has been some growth.

scholarly journals New tools and opportunities in growth and climate friendly greening for small and medium enterprises in the European Union

2015 ◽  
Vol 9 (4) ◽  
pp. 25-31
Author(s):  
Xénia Szanyi-Gyenes ◽  
György Mudri ◽  
Mária Bakosné Böröcz
Keyword(s):  
Economic Growth ◽  
Environmental Sustainability ◽  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Added Value ◽  
Easy Access ◽  
The European Union ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Eu

The role of Small and Medium Enterprises (SMEs) is unquestionable in the European economies, while financial opportunities are still inadequate for them. The more than 20 million SMEs play a significant role in European economic growth, innovation and job creation. According to the latest EC Annual Report , SMEs are accounting for 99% of all non-financial enterprises, employing 88.8 million people and generating almost EUR 3.7 tn in added value for our economy. Despite the fact that there is plenty of EU funding available for these SMEs, for certain reasons these funds hardly reach them. But we have to see that the EU supports SMEs by various way, e.g. by grants, regulatory changes, financial instrument, direct funds. On the other hand, SMEs and decision makers realised that the environmental sustainability has to be attached to the economic growth, therefore more and more tools are available for these enterprises. Over the last few years, public institutions, the market, the financial community and non-governmental associations have explicitly demanded that firms improve their environmental performance. One of the greatest opportunities might lay in the Climate- and Energy Strategy till 2030 as 20% of the EU budget is allocated to climate-related actions, however the easy access to finance is still a key question. Does the EU recognise the actual difficulties? Is there a systemic reason behind the absorption problems? Is the EU creating a more businessfriendly environment for SMEs, facilitating access to finance, stimulates the green and sustainable growth and improving access to new markets? The paper analyses the current European situation of the SMEs and the effectiveness of some new tools, which are specially targeting SMEs. JEL classification: Q18

scholarly journals Marine Technology Transfer under a BBNJ Treaty: A Case for Transnational Network Cooperation

AJIL Unbound ◽  
2018 ◽  
Vol 112 ◽  
pp. 144-149 ◽  
Author(s):  
Stephen Minas
Keyword(s):  
Developing Countries ◽  
Technology Transfer ◽  
Biological Diversity ◽  
Sustainable Use ◽  
Added Value ◽  
Marine Biodiversity ◽  
The European Union ◽  
Private Industry ◽  
National Jurisdiction ◽  
Marine Technology

Our ability to protect and sustainably use the high seas is ultimately subject to our ability to understand this vast and remote environment. The success of an international legally binding instrument (ILBI) for the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction (BBNJ) will depend, in part, on utilizing technology to access ocean life, to analyze it, and to implement measures for its conservation and sustainable use. Indeed, technology, broadly defined, is integral to meeting the ILBI's objectives: not just the mandate to address “capacity-building and the transfer of marine technology,” but also the sustainable use and conservation of marine genetic resources, the implementation of environmental impact assessments, and biodiversity conservation measures such as area-based management tools. To maximize marine technology deployment to protect marine biodiversity in areas beyond national jurisdiction, transferring technology to developing countries will be critical. Provisions for the transfer of technology, generally from developed to developing countries, are included in many international environmental agreements and declarations, but these provisions have often proven difficult to implement. Part of the difficulty is that the relevant technology is dispersed among states; universities, research institutes and other nonstate actors; and private industry. The particular challenge in crafting an ILBI is, as the European Union has identified, to avoid repeating existing provisions and instead to “focus on added value.” One opportunity for an ILBI to add value on technology transfer is to further develop a network model to facilitate marine technology transfer.

Innovation – Populist Slogan, Why?

2014 ◽  
Vol 33 (3) ◽  
pp. 25-34
Author(s):  
Peter Ponický ◽  
Vítězslav Zamarský
Keyword(s):  
Economic Growth ◽  
Life Experiences ◽  
Poor Quality ◽  
Added Value ◽  
The European Union ◽  
Asian Countries ◽  
Positive Effects ◽  
The World ◽  
Leading Position ◽  
Catch Up

Nowadays, innovation is perhaps the most widely spoken global keyword in the field of economy. Everyone talks about innovation and the European Union already for more than a decade, has wanted through innovation to catch up with and take the leading position in the world. However, what is the reality? Europe still has difficulties with the pace of economic growth, which according to many is joined combined with innovation and knowledge. Asian countries often set a price of an innovated product of poor quality and with no added value that includes huge cost of efficient marketing and aggressive advertising. Therefore, is innovation everything what is called this way? Though the world controls the speed and acceleration of changes, it does not mean necessarily an advantage or positive effects. And evolution of a star in a supernova and then a black hole is in the final stages accelerated in an unusual way. The inspiration for our article was slanted to cheap using the word “innovation”, just because it is a European priority. We just drew from his knowledge and life experiences.

scholarly journals Analyzing the Impact of the Renewable Energy Sources on Economic Growth at the EU Level Using an ARDL Model

Mathematics ◽  
2020 ◽  
Vol 8 (8) ◽  
pp. 1367 ◽  
Author(s):  
Mihail Busu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Regression Model ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Causality Analysis ◽  
The Impact ◽  
The Eu

Energy is one of the most important drivers of economic growth, but as the population is increasing, in normal circumstances, in all countries of the world, there is a demand for energy produced from conventional resources. Increasing prices of conventional energy and the negative impact on the environment are two of the main reasons for switching to renewable energy sources (RESs). The aim of the paper is to quantify the impact of the RESs, by type, on the sustainable economic growth at the European Union (EU) level. The research was performed for all 28 EU member states, for a time frame from 2004 to 2017, through a panel autoregressive distributed lag (ARDL) approach and causality analysis. Furthermore, Hausman test was performed on the regression model. By estimating the panel data regression model with random effects, we reveal through our results that RESs, namely wind, solar, biomass, geothermal, and hydropower energy, have a positive influence on economic growth at EU level. Moreover, biomass has the highest impact on economic growth among all RES. In fact, a 1% increase in biomass primary production would impact the economic growth by 0.15%. Based on econometric analysis, our findings suggest that public policies at the EU level should be focused on investment in RESs.

scholarly journals Analysis of the RES Potential in Accordance with the Energy Policy of the European Union

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6030
Author(s):  
Tomasz Jałowiec ◽  
Henryk Wojtaszek
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
European Union ◽  
Renewable Energy ◽  
Energy Policy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Developed Countries ◽  
Energy Sources ◽  
The European Union

There is a need to reduce carbon-based energy and replace it with clean energy in order to counteract the negative effects of climate change. The increase in renewable energy sources may result in savings and the increasing cost of maintaining carbon-based energy. Worldwide involvement is required. The fulfillment of conditions by individual states does not solve the problem. The COVID-19 pandemic has slowed economic growth. It turns out that economic growth is not always associated with increased investments in RES (existing or emerging new clean energy points). We have a new epidemiological threat—Delta—which could become large. This will not improve the situation. Germany is an exemplary country for benchmarking in the field of renewable energy. The worrying fact is that Poland, despite economic growth, does not achieve an even growth in RES. Each of us is required to be involved, to be open to innovation and to act in accordance with the energy policy of the European Union. Basic management functions (planning, organizing, motivating and controlling) are also essential. Failure to meet the demands of the energy policy should be thoroughly verified and consequences should be drawn in order to involve the whole world. The authors thoroughly analyzed many factors that have a significant impact on the success in stopping climate change and increasing RES. With the increase in energy demand, renewable energy is introduced to a greater extent. Additionally, coal energy will be more expensive to maintain. The more RES, the more expensive the energy obtained from mine sources. The investment is an opportunity to meet the demands of RES, but investors are currently only interested in investing in renewable energy in highly developed countries. The decision-making process regarding the implementation of renewable energy sources not only consists in a radical decision to introduce changes, but also in the fulfillment of a number of assumptions regarding the energy policy controlled by the authorities of a given state as part of this action. There is a risk (fear) in underdeveloped countries that they will not be able to finalize this project, either due to the lack of investor interest or the lack of real opportunities due to the failure to meet the guidelines of the energy policy of a given country. It is advisable that state governments facilitate the process as much as possible so that even less developed countries could take advantage of this postulate.

scholarly journals Economic Dynamic Modelling of Climate Policy in Poland

2021 ◽  
Vol 8 (55) ◽  
pp. 246-255
Author(s):  
Olga Kiuila ◽  
Emilia Lewczuk
Keyword(s):  
Economic Growth ◽  
Time Horizon ◽  
Renewable Energy Sources ◽  
Dynamic Modelling ◽  
Energy Sector ◽  
Economic Effects ◽  
The European Union ◽  
Economic Dynamic ◽  
Energy Mix ◽  
Capital Intensive

Abstract Poland is responsible for 9% of CO2 emission in the European Union (EU), making it the fifth biggest emitter in the region. The energy sector is dominated by electricity produced from coal (around 70%). The country currently uses massive subsidies to boost the coal sector. We propose a dynamic intertemporal hybrid general equilibrium model to simulate the economic effects of sector regulations and new policy targets within environmental taxation scenarios, by accounting for a complex set of linkages between the energy sector and other components of the economy. Our simulation results suggest that positive economic growth is possible with a realistic energy mix, but it will not offer considerable emission reduction, as required by the European Commission. In the short-time horizon, the best choice is renewable energy sources indicated by less capital-intensive technologies (such as biomass). In the long-time horizon, more capital-intensive technologies (such as wind turbines) will be a better choice for economic growth. Carbon tax plays a crucial role in optimal energy mix targets, since its elimination ceteris paribus implies negative economic growth.

scholarly journals Comparative Sectoral Efficiency in the Fight Against Poverty and Unemployment in Burkina Faso

2018 ◽  
Vol 5 (2) ◽  
pp. 185
Author(s):  
Patrice Rélouendé Zidouemba
Keyword(s):  
Economic Growth ◽  
Burkina Faso ◽  
Poverty Reduction ◽  
Public Investment ◽  
Public Capital ◽  
Added Value ◽  
African Countries ◽  
Capital Productivity ◽  
Sub Saharan ◽  
The Impact

In this paper, we construct an economy-wide recursive dynamic model for Burkina Faso to explore the impact of scaling up public capital in different aggregate sectors. While several researchers emphasize the importance for sub-Saharan African countries of giving higher priority to agriculture to stimulate economic growth and reduce poverty, some authors state that non-agricultural sectors should now receive special attention following the success achieved in some countries in South Asia. These countries have indeed applied a different paradigm: a program of economic growth and poverty reduction based on non-agricultural sectors. This study aims to provide insights into this debate. It draws from the public capital productivity literature to postulate the positive productive externalities of public investment. The results show that, with the same amount of public investment, financed by the same source, public investment in agriculture yields positive impacts that are significantly higher than those yielded by investments in non-agricultural sectors (industry and services). Added value growth in non-agricultural sectors is higher under public investment in agriculture than in non-agricultural sectors.

scholarly journals SUSTAINABLE DEVELOPMENT OF THE ECONOMY AND INCREASING ENERGY SECURITY BASED ON THE USE OF RES: PROBLEMS AND PROSPECTS

2021 ◽  
Vol 2 (37) ◽  
pp. 438-446
Author(s):  
L. Karbovska ◽  
I. Yakushik ◽  
E. Feshchenko ◽  
I. Kalina ◽  
A. Kozlova
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Renewable Energy ◽  
Energy Security ◽  
Poverty Reduction ◽  
Renewable Energy Sources ◽  
Hydrocarbon Fuel ◽  
Energy Development ◽  
Energy Sources ◽  
Trade Integration

Abstract. It is substantiated that the factor of economic growth, increase of economic and energy security, preservation of the environment from the detrimental impact of the consequences of consumption of hydrocarbon energy sources is the sustainable development of renewable energy. The state and prospects of using renewable energy sources in the world are considered (RES). The rating of countries by the share of electricity produced from renewable sources as a percentage of primary sources during 2015—2019 is presented, which shows that the largest share of RES is in countries such as: Iceland, Kenya and Latvia; Currently, the largest growth in renewable energy is observed in Ukraine, Great Britain, Turkey, Denmark, Japan, France, the USA and Germany. The generalized factors of growth of demand for renewable energy sources are: parity of the price and productivity owing to decrease in the price of RES; increasing the efficiency of energy production due to technological progress and the introduction of innovative technologies in foreign trade; integration of power grids and balancing the load on them; stimulating the demand for RES by large cities — the implementation of the strategy of «smart city» includes «smart» energy; development of public ownership of networks and sources of renewable energy; active participation of developing countries in the dissemination of renewable energy; growing participation of the corporate sector in the development of renewable energy. The relationship between the goals of energy development in terms of its accessibility, reliability, sustainability and goals in the field of sustainable development is determined. Thus, poverty reduction (goal 1) involves expanding access to basic resources and services and the availability of modern infrastructure, an element of which is RES; the use of clean renewable energy will help reduce health risks (disease prevention and pandemic control) (objective 3); creation of sustainable infrastructure, promotion of innovations (goal 9) involves the use of clean and environmentally friendly technologies and sustainable energy development; the use of RES activity has a synergistic connection with the implementation of goal 13 — urgent measures to combat climate change and its consequences. Keywords: sustainable development goals, economic growth, energy security, renewable energy sources, hydrocarbon fuel, decarbonization. JEL Classification F29, F43, L94, O10 Formulas: 0; fig.: 0; tabl.: 2; bibl.: 17.

scholarly journals MULTICRITERIA EVALUATION OF THE INNOVATIVE PROJECT EFFECTIVENESS / INOVATYVIŲ PROJEKTŲ VERTINIMO PROBLEMA

2013 ◽  
Vol 5 (1) ◽  
pp. 7-12
Author(s):  
Artūras Stepanovas ◽  
Karolina Ostašenkovaitė
Keyword(s):  
Economic Growth ◽  
Evaluation Model ◽  
Added Value ◽  
The European Union ◽  
Multi Criteria Evaluation ◽  
European Union Countries ◽  
Long Time ◽  
Key Driver ◽  
High Level ◽  
Reasonable Use

For a long time in most developed Western countries, innovation has been the key driver of economic growth, enabling a high level of added value and ensuring economic development. According to 2011 Innovation Union Scoreboard indicators for assessment, Lithuania still lags far behind the European Union countries in innovation. In order to improve this indicator, it is important to encourage the development of innovative projects in the country. For this purpose, it is important to properly prepare innovative projects in multi-criteria evaluation model in case this reasonable use might reduce the risk of projects and help to find the least risky and most beneficial innovative projects. Article in Lithuanian. Santrauka Daugelyje išsivysčiusių Vakarų valstybių inovacijos jau seniai tapo svarbiausiu ekonomikos augimo varikliu, leidžiančiu pasiekti aukštą pridėtinę vertę ir užtikrinančiu ekonomikos plėtrą. Remiantis 2011 m. Inovacijų sąjungos švieslentės rodiklių vertinimu, Lietuva vis dar itin atsilieka nuo Europos Sąjungos šalių vidurkio inovacijų srityje. Lietuvai siekiant pagerinti šį rodiklį ir iki 2015 m. tapti Šiaurės Baltijos regiono paslaugų centru, o iki 2020 m. – Šiaurės Europos inovacijų centru, vienas iš uždavinių – kuo įmanoma labiau pakelti šalies modernizacijos bei inovacijų lygį. Tai įmanoma skatinant inovatyvių projektų plėtrą šalyje. Šiuo tikslu svarbu tinkamai parengti inovatyvių projektų daugiakriterio vertinimo modelį, kurio priimtinas taikymas išskirtų mažiausiai rizikingus ir daugiausia naudos teikiančius inovatyvius projektus.

Impacts of Environmental Regulation on Sustainable Economic Growth

2018 ◽  
Vol 9 (9) ◽  
pp. 749-773
Author(s):  
Jonathan Fisher
Keyword(s):  
Economic Growth ◽  
Environmental Regulation ◽  
Technical Change ◽  
Best Practice ◽  
Environmental Regulations ◽  
The European Union ◽  
Porter Hypothesis ◽  
The United Kingdom ◽  
Environment Agency ◽  
Sustainable Economic Growth

There is considerable concern and debate about the economic impacts of environmental regulations. Jonathan Fisher, former Economics Manager at the Environment Agency in England and Wales, reviews the available evidence on this subject. Section 2 presents estimates of the costs and benefits of environmental regulations. Section 3 examines the impacts of environmental regulations on economic growth, innovation and technical change as well as impacts on competitiveness and any movement of businesses to less pollution havens. He questions call for greater certainty regarding future environmental regulations, whereas in fact there should be calls for less uncertainty. This section then suggests how this could be achieved. This section then finishes with an overview of the available evidence. This includes an examination of the Porter Hypothesis that environmental regulations can trigger greater innovation that may partially or more than fully offset the compliance costs. Section 4 then sets out principles for how better environmental regulation can improve its impacts on sustainable economic growth and illustrates how the European Union (EU) Water Framework Directive is a good example of the application of these principles in practice. Section 5 reviews current and recent political perspectives regarding developments in environmental regulations across the EU and shows how the United Kingdom (UK) has successfully positively managed to influence such developments so that EU environmental regulations now incorporate many of these principles to improve their impacts on economic growth. Section 5.1 then examines the implications of Brexit for UK environmental regulations. Finally, Section 6 sets out some best practice principles to improve the impacts of environmental regulation on sustainable economic growth, innovation and technical change.

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