Environmental Performance Index to Assess the Situation in Regions of Ukraine in Terms of their Competitiveness
Purpose: The objective of the study is the application of the environmental performance index (EPI) to the regional evaluation of the environmental situation of the Ukraine’s territorial units, in the context of their competitiveness. Methodology: The study based on indicators of environmental performance of economic growth, environmental sustainability and environmental health impact allowed to divide Ukraine into 9 sectors according to the index of ecological and economic efficiency, ecological price of economic growth, environmental friendliness, and environmental health index. Findings: The Zaporizhzhia region is in a relatively better competitive position, considering all considered index indicators, whereas Dnipropetrovs'k and Donets'k regions are characterized by a significant lag due to air emissions and high-water consumption. The conducted research allowed to conclude that ecological safety determines the need for changing the current model of development towards sustainable development, which, apart from evident environmental benefits, improves the regional competitiveness level. Practical Implications: It was concluded that environmental costs play a decisive role in ensuring the appropriate level of environmental sustainability. There is also a need for improvement in environmental legislation, especially in harmonization and integration of different regulations and ensuring funds for carrying out the planned measures. Originality/Value: The regions of Ukraine vary considering the sustainable development level and therefore it is vital to consider them separately in terms of the EPI and competitiveness.