Munich Personal RePEc Archive

Biofuels Markets and Policies in Ukraine

Janda, Karel and Stankus, Elena (2017): Biofuels Markets and Policies in Ukraine.

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Abstract

This paper provides an overview of biofuel’s markets Ukraine. While Ukraine has great competitive advantage in the production of biofuels based on availability of the feedstock and fertile soils, it does not utilize this opportunity despite the policy goal of decreasing energy dependence on Russian fossil fuels. In the recent years Ukraine was working on fulfilment of European standards in the sector of biofuels. Most importantly, as opposed to Russia, Ukraine has built legislative base which aims to support the industry development and offer large scale of benefits. But due to high excise duty, low oil prices and no penalties for not achieving established indicators, the biofuel industry still stays non-operating.

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