TOWARDS ENVIRONMENTAL SECURITY VIA ENERGY EFFICIENCY: A CASE STUDY

The article is devoted to the features and problems of the formation of economic mechanism for ensuring environmental safety via energy efficiency in the process sustainable development at the regional level. The focus on environmental risk, which is considered as one of the components of the environmental safety system. In modem conditions, close attention is paid to issues of finding economic mechanism in ensuring environmental safety via energy efficiency; development of directions for implementation of green strategy in the regions and countries. Features of the economic mechanism in ensuring environmental safety and energy efficiency held back in sufficient development of theoretical issues, methodological and regulatory framework. The relevance of the study lies in the fact that sustainable development analysis of the current situation, problem analysis optimization prospects play an important role in improving economic mechanisms for regulating the market for petroleum products, oil and gas industries, economic mechanisms of energy regulation, etc. There is a need, on the one hand, for quantitative assessment the probability of occurrence of processes and phenomena that reduce the quality environment, and on the other hand, quantification of possible damage from their manifestation at the regional level. The aim of the study is to elaborate the economic mechanism for ensuring environmental safety of the region. Authors conduct analysis using observations, reports and comparative official statistics; formulate original insights, which can have policy implications.