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Gain Without Pain: An International Case For A Tradable Green Certificates System To Foster Renewable Energy Development In Ukraine, Tetiana Kurbatova, Roman Sidortsov, Iryna Sotnyk, Oleksandr Telizhenko, Tetiana Skibina, Roubik Hynek

Michigan Tech Publications

This paper elaborates on the theoretical and methodological fundamentals of a tradable green certificates system to foster renewable energy development in Ukraine. It proposes a management mechanism premised on the classical market model of tradable green certificates aiming at increasing the share of electricity from renewable energy sources in the country’s energy mix. Organizational stages of the mechanism formation at the national level and a methodological approach to assess green electricity generation cost are developed. The modeling has shown that the annual increase in the cap for green electricity consumption by 1% will raise the electricity tariff by 3%, which …