In Ukraine, the Climate Office has been established to facilitate changes in the country’s climate landscape. This announcement comes from the Ministry of Environmental Protection and Natural Resources.
According to the Minister of Environmental Protection and Natural Resources, Ruslan Strelets, this is the final step that will complete the development of climate governance in our country.
The Climate Office will:
- Support the government of Ukraine in implementing climate policy.
- Assist regions and businesses in implementing decarbonization and adaptation projects.
- Serve as a tool for attracting green (climate) finance for Ukraine’s post-war recovery.
- Be one of the key stakeholders facilitating Ukraine’s cooperation under Article 6 of the Paris Agreement and participation in the international carbon market.
- Contribute to the development of emissions trading system in Ukraine.
“Today, titanic efforts are being made for our country to become a member of the European Union and be within the boundaries of the Single Atmospheric, and next year we plan to launch a pilot national trading system. We will give producers the opportunity to try operations in the ETS market and understand how this market works,” emphasized Ruslan Strelets.
According to the minister, carbon certificates are planned to be introduced in 2025. This will allow Ukraine and its producers to sell excess CO2 volumes that were not emitted.
“In 2026, the emissions trading system will be fully operational in Ukraine. Currently, we need to verify all available data and demonstrate to the world our potential for free quotas. We are ready to share our emissions and make our contribution to the global climate track. Support from our partners is important for our country, and we have truly felt it from the very beginning of our fight for justice and peace,” emphasized Ruslan Strelets.
Source Ministry of Environmental Protection and Natural Resources of Ukraine