Present research is developed in light of the farmland market establishment in Ukraine. Agriculture is one of the key sectors of national economy, which determine its development. Thus, the farmland users determine the transition of the national economy to sustainable development. The purpose of this paper is in developing a methodology for quantitative assessment demand quantity and price on farmland market in Ukraine. In the present research, we propose a methodology for estimating demand on agricultural land in Ukraine based on the operational data of the corporate agricultural producers and macroeconomic situation in the country. Using the discounted profit margins for the corporate agricultural producers, which operated in Ukraine in 2015, we estimate land price and demand quantity that is conditional on profitability of agricultural production towards to sustainability. As a result, we find that after establishing the land market in Ukraine, demand on the agricultural farmland is expected to be significant and is likely to generate substantial capital flows towards landowners. In addition, existence of the transferable land-property lights will make the land available for the collateral purposes. That is expected to enable Ukrainian corporate and private agricultural of any size to the improved access to capital. Specifically, this paper is amount the first one, where demand prices on the possible land market in Ukraine are estimated. Opening one third of the arable land area to the market (sample of the corporate agricultural producers covered by the research due to the data related limitations), agriculture may benefit with 30 to 50 billion euros of the capital investments.
Throughout the history of mankind, energy security has been always seen as a means of protection from disruptions of essential energy systems. The idea of protection from disorders emerged from the process of securing political and military control over energy resources to set up policies and measures on managing risks that affect all elements of energy systems. The various systems placed in a place to achieve energy security are the driving force towards the energy innovations or emerging trends in the energy sector.
Our paper discusses energy security status and innovations in the energy sector in European Union (EU). We analyze the recent up-to-date developments of the energy policy and exploitation of energy sources, as well as scrutinize the channels of energy streaming to the EU countries and the risks associated with this energy import. Moreover, we argue that the shift to the low-carbon production of energy and the massive deployment of renewable energy sources (RES) might become the key issue in ensuring the energy security and independency of the EU from its external energy supplies. Both RES, distributed energy resources (DER) and “green energy” that will be based on the energy efficiency and the shift to the alternative energy supply might change the energy security status quo for the EU.
Our paper is dealing with the issues of energy security and economic development. Our focus is on the changes and challenges that are posed in front of the many countries with regard to the threat of the shortages of energy sources and the depletion of the existing carbon sources. Economic, social and demographic changes in the world call for the novel solutions that would include innovative ways how to secure the smooth and undisrupted flow of energy for maintaining the daily lives of the citizens. We are particularly interested in showing how the integration of energy systems or the coordination between neighboring energy systems might contribute to the sustainable development and operation of the energy sector. The paper uses an example of hydro energy storage in order to show the shortcomings of the battery energy storage and the ways how it can be solved. Our results and findings show that renewable energy sources might become a viable solution to the problems specified above. Well-balanced and well-placed usage of renewables might cushion the shortcomings of the traditional energy systems and prevent major shocks to the energy security through the world and in the European Union countries.