European Green Deal: accounting challenges of biofuel in Ukraine
DOI:
https://doi.org/10.35774/visnyk2023.04.171Keywords:
accounting, bioenergy, bioenergy assets, biofuels, decarbonization, European Green Deal, climate, ecologyAbstract
Introduction. Climate neutrality is a global goal of the modern world, the achievement of which can be a key moment in ensuring the existence of humanity. This is confirmed by international agreements that are actively discussed and implemented on a global scale. The use of biofuels as an alternative energy source enables the realization of decarbonization strategy as one of the goals of the European Green Deal. Therefore, addressing the issues related to its implementation in accounting requires special attention.
The aim of the study. The aim of the article is to improve biofuel accounting as a tool for ensuring climate neutrality and implementing the approaches of the European Green Deal.
Methods. The methodological basis of the research involves the application of scientific and specialized methods of cognition. To develop and provide a clear example of the dynamics of CO2 emissions and biofuel production volumes in Europe and the world, economic-mathematical, graphical, and historical methods were used. Deduction and analysis contributed to identifying the advantages and disadvantages of using biofuels as an alternative energy source. Synthesis and induction were applied to enhance the analytical accounting of biofuels.
The results. The research substantiates that biofuel is a tool for positive changes in the global climate scenario, particularly in terms of atmospheric decarbonization. The advantages and disadvantages of using biofuels instead of traditional fuels on a global scale have been examined to assess their significance for the European Green Deal. Analytical accounts have been highlighted based on types of biofuels (solid, liquid, and gaseous) to enhance the informational function of accounting and systematize data on this important asset.
Prospects for further research. Future scientific inquiries will be directed towards selecting an optimal methodology for determining the cost of biofuels as a tool for achieving the goals of the European Green Deal.
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