@article{1a4d9c6403924bb889d74283460dd825,
title = "Environmental and economic analysis of technological innovations in the energy sector",
abstract = "The work is related to the justification of decisions on the implementation of innovative technologies in the phase transition to a new model of economy. The purpose of the work is to present a comparative analysis of the economic and environmental efficiency of two competing technologies of energy production (fossil fuel and renewable). The comparative efficiency method was used, and it is based on the assessment levelised cost of energy (LCOE), the total present value of the energy projects implementation. The calculations showed that 2019–2021 were a milestone at which alternative energy sources in economic terms became compared with traditional energy sources (based on the combustion of fossil fuels). It is made a prognosis that by 2030, the economic advantage of using alternative energy per unit of energy production will exceed the value of traditional energy by 2.5 times.",
keywords = "digital economy, energy storage, environmental damage, green energy, renewable resources",
author = "Rui Li and Oleksandr Kubatko and Yevhen Baranchenko and Raminta Benetyte and Leonid Melnyk and Iryna Dehtyarova and Oleksandr Matsenko",
note = "Funding Information: This research was funded by The National Research Foundation of Ukraine in the framework project {\textquoteleft}Restructuring of the national economy in the direction of digital transformations for sustainable development{\textquoteright} (2021.01/0183). The publication contains the results of research conducted within the framework of the research projects: {\textquoteleft}Sustainable development and resource security: from disruptive technologies to digital transformation of Ukrainian economy{\textquoteright} (No. 0121U100470), and {\textquoteleft}Fundamental bases of the phase transition to an additive economy: from disruptive technologies to institutional sociologization of decisions{\textquoteright} (No. 0121U109557).",
year = "2022",
month = oct,
day = "4",
doi = "10.1504/ijgenvi.2022.126204",
language = "English",
volume = "21",
pages = "182--197",
journal = "International Journal of Global Environmental Issues",
issn = "1466-6650",
publisher = "Inderscience Enterprises Ltd",
number = "2-4",
}
