Business news from Ukraine

Sweden will finance development of green transition plan for Ukraine

21 October , 2023  

The Stockholm Environment Institute (SEI) is launching a project to develop a roadmap for Ukraine to achieve climate neutrality by 2050, said Bernardas Padegimas, head of the institute’s environmental policy and strategy team.

“We will start actively working on the project, discussing it at different levels. The goal is to help Ukraine achieve climate neutrality through a green transition and recovery,” Padegimas said at the United for Justice United for Nature high-level international conference in Kyiv.

According to him, the project is funded by the Swedish government.

According to his presentation, the roadmap, in particular, should be developed by June 2025.

According to Padegimas, the roadmap will be followed by “the development of a number of specific projects with the participation of specific donors,” and this process is scheduled to be completed in March 2026.

Padegimas noted that the development of a roadmap for Ukraine will be based on the principles of green transition adopted in Europe, and it will contain Ukraine’s goals and mechanisms for achieving them in the short, medium, and long term.

He added that many experts will be involved in the development of the map, particularly in the area of “green” development.

As reported, the head of the Presidential Office, Andriy Yermak, speaking at the international conference “United for justice. United for nature”, said that Ukraine’s plan to restore the environment affected by Russia’s full-scale aggression should be reflected in a resolution of the UN General Assembly.

At the same conference, the Minister of Environmental Protection and Natural Resources Ruslan Strilets noted that law enforcement agencies are investigating more than 2,500 crimes against the environment as a result of Russia’s military aggression, with total environmental damage amounting to EUR 55 billion.