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Abstract The disruption of the energy system at the global and local levels requires an intensification of public policy in this area to respond quickly to changes. Strategic planning and public policy changes are needed to ensure the sustainability of the energy sector. In the short term, Ukraine's priority should be improving energy security. Natural gas will be essential in balancing electricity on the road to decarbonization. The transition to renewable energy sources can achieve natural gas self-sufficiency. The article analyzes the directions of energy security and normative and legal regulation in the energy sector. It is established that the main direction of transition to decarbonization in an unstable external environment is public-private partnership mechanisms. The introduction of this mechanism provides benefits for all interested parties. In order to choose the most effective form of public-private partnership, a flowchart of analysis and evaluation of environmental and economic efficiency was developed. This flowchart applies to decarbonization projects and considers regional features of the energy sector and differences in readiness for the transition to the decarbonization of different countries. Limitations of the model application are the imperfect regulatory framework and the high instability of the external environment. The main objective is to simplify the procedures for attracting investment in the energy sector and reduce the time for project preparation and submission, which will help to implement the most effective projects in the short term and make the transition to decarbonization in the long term. Downloads Download data is not yet available. Author Biographies Aliya Shakharova, Department “State Audit”, L.N. Gumilyov Eurasian National University, Astana, Republic of Kazakhstan, Estonian Entrepreneurship University of Applied Sciences, Tallinn, Estonia; Department of Business Economics and Administration, Sumy State Makarenko Pedagogical University, Sumy, Ukraine http://orcid.org/0000-0003-1362-478X , [email protected] Chinara Alamanova, Kyrgyz European Faculty, Kyrgyz National University named after Jusup Balasagyn, Bishkek, Кyrgyzstan, Kyrgyz European Faculty, Kyrgyz National University named after Jusup Balasagyn, Bishkek, Кyrgyzstan http://orcid.org/0000-0001-6877-7674 Oleksandra Olshanska, Department of Smart Economics, Kyiv National University of Technologies and Design, Kyiv, Ukraine, Department of Smart Economics, Kyiv National University of Technologies and Design, Kyiv, Ukraine https://orcid.org/0000-0003-1535-7742 Sofiia Kafka, Department of Accounting and Taxation, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine, Accounting and Taxation Department, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine, https://orcid.org/0000-0002-6031-383X Ilona Tuts, Department of Applied Economics, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine, Department of Applied Economics, Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine, https://orcid.org/0000-0001-6122-6036 Gulnar Dugalova, Department of Economics and Management, Kazakh University of Technology and Business, Astana, Republic of Kazakhstan. Economics and Management Department, Kazakh University of Technology and Business, Astana, Republic of Kazakhstan, http://orcid.org/0000-0001-6574-2281 Downloads FULL TEXT Published 2023-07-09 How to Cite Shakharova, A., Alamanova, C., Olshanska, O., Kafka, S., Tuts, I., & Dugalova, G. (2023). Towards the Implementation of the Environmental and Economic Doctrine of Energy Sector Development: An Environmental and Economic Assessment of Public-private Partnerships in Decarbonization. International Journal of Energy Economics and Policy, 13(4), 423–432. https://doi.org/10.32479/ijeep.14358 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 4 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. 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