Business news from Ukraine

Business news from Ukraine

UKRAINE STARTS FORMING ROADMAP FOR FULFILLING CLIMATE OBLIGATIONS

28 August , 2021  

The Ministry of Environment Protection and Natural Resources of Ukraine, together with six other ministries (the Ministry of Finance, the Ministry of Energy, the Ministry of Agrarian Policy, the Ministry of Infrastructure, the Ministry of Economy, the Ministry of Regional Development) and the Office for the Coordination of European and Euro-Atlantic Integration, began developing a roadmap for key transformations for the implementation of the Updated Nationally Determined Contribution to the Paris Agreement (NDCs ).
“Today, one of the main tasks of the Ministry of Environment in the field of climate change is to develop an operational plan of measures for the implementation of NDCs in order to strengthen internal coordination and monitoring of the implementation of climate goals, as well as to expand cooperation with international financial organizations and partners,” the ministry’s press service quoted Minister of Environment and Natural Resources of Ukraine Roman Abramovsky as saying.
According to him, the government and international partners must understand how Ukraine will fulfill its climate goals and what kind of support is needed for this.
The concept presented by the minister states that, according to the decision of the NSDC (the National Security and Defense Council), the Cabinet of Ministers must, by January 30, 2022, develop and approve a plan of measures for the implementation of NDCs, the concept of attracting financial resources, as well as the concept of compliance of projects and programs financed from the central and local budgets with the climatic goals of NDCs.
As reported, in accordance with NDCs, Ukraine must reduce greenhouse gas emissions by 65% from 1990 levels by 2030. This goal was set and approved by the Cabinet of Ministers decree of July 30, 2021.

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