Heinrich Boell Foundation Regional Office in Ukraine has initiated a challenging research on the possibility of maximum transition of the Ukrainian energy sector to renewable energy sources (RES) by 2050. The public institution “Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine,” which is the main partner in this project, has modeled three scenarios of energy sector development. The research was carried out with the use of commonly known economic and mathematical model (TIMES-Ukraine models and the computable general equilibrium model of Ukraine) that are regularly used by the IEF.
The research “Ukraine’s Transition to Renewable Energy by 2050” was conducted in 2016–2017 in collaboration with civil society organizations, public agencies, specialized associations and independent experts. The work contains the results of the basic and alternative development scenarios of the Ukrainian energy sector modeled by 2050. It is also demonstrated how the transition from fossil fuels to renewable energy sources can be achieved and what economic consequences it could entail.