Unlocking the potential: Key factors shaping the liquid biofuels market in Ukraine.

ABSTRACT: This article examines the development of Ukraine's liquid biofuels market, driven by the need to diversify its fuel supply amidst complete reliance on imported fuels for road transport. The country also faces challenges exporting agricultural feedstock for first-generation biofuels due to geopolitical disruptions since early 2022. In response, the production and use of liquid biofuels represent a strategic move to reduce dependence on fossil fuels while fulfilling international obligations, including the ones within the Energy Community and the European Union (EU). Ukraine must align with the EU's renewable energy targets as a candidate for EU accession. Using the methods of fuel consumption quantification, blending mandate assessment, and excise tax rate calculation framework, the article

SUBMITTER: Trypolska G 

PROVIDER: S-EPMC11617215 | biostudies-literature | 2024 Nov

REPOSITORIES: biostudies-literature