Goverment Develops a program of Assistance in the Transition to “Green Technology”

Thursday, June 10, 2021
2 MIN
Goverment Develops a program of Assistance in the Transition to “Green Technology”

Cooperation will be carried out under two programs: “Green finance” and “Integrated program on environmental, social and management practices to promote investment in Europe and Central Asia” (“ESG program”)

The cabinet of ministers is developing tools of state support for companies that will move to "green technologies", said deputy prime minister for European and Euro-Atlantic integration of Ukraine Olga Stefanyshyna during the All-Ukrainian Forum Ukraine 30. Ecology.

"There are a number of instructions, which are now being worked through in the government in order to form all the instruments of state aid, which will be acceptable for small, medium-sized businesses, for manufacturers who will switch to "green technology", noted Stefanyshyna.

Deputy prime minister also noted that the minister of energy Halushchenko Herman, appointed at the end of April, will address the issue of the rate of an environmental tax on carbon dioxide emissions.

As reported earlier, the National Bank of Ukraine and the IFC signed an agreement on the development of the market "green" financing in Ukraine. Cooperation will be carried out under two programs: Green Finance and Integrated program on environmental, social and management practices to promote investment in Europe and Central Asia (ESG program).

According to the IFC, globally there are opportunities in emerging markets for climate investment worth about $23 trillion by 2030, including in Ukraine = $73 billion. To take advantage of this potential, the country needs to adopt appropriate standards and policies to build a sustainable financial sector.

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