On 9 February, Ukrainian services received official communication from the World Bank. In the letter, the World Bank emphasizes the need to move towards climate-balanced agriculture and forestry in Ukraine. In this way, the potential risks of climate change will be minimized.
The Ukrainian hydrometeorological center and the Ukrainian hydrometeorological institute have also been proposed. The two organizations could serve as the National climate resource center. Such an organization could be a key source of climate change data for Ukraine.
"Combining them under the auspices of a national association may ensure systematic investing-in-ukraine/service-for-investors/business-consultant/" rel="dofollow">research in hydrometeorology. The organization will also be able to develop agrometeorology and climate sciences. For example, the National hydrometeorological center will be able to provide up-to-date climate forecasts, risk assessment and impact assessment at the sectoral, national and regional levels," it is written in a letter-study by the World Bank on the impact of climate change on the economy of Ukraine.
According to the study, the annual benefit of maintaining an optimal water balance could be $264-504 million. As a critical export commodity, maize will benefit most from sustainable water management. It is estimated at $92.7 million.
If Ukraine accepted such recommendations, it would positively impact its European orientation. The reform will open up an opportunity for Ukraine to integrate with EURO-CORDEX is, an international initiative supported by the World climate research program.
