The State Agency for Energy Efficiency and Energy Saving of Ukraine hosted a roundtable discussion dedicated to the introduction of the green bonds market in Ukraine. The event with held with the support of UNIDO and GIZ projects, as well as with the participation of representatives of the European Investment Bank, International Finance Corporation (IFC), the international organization "Climate Bonds Initiative", Ukrgasbank and experts of the UNDP and DESPRO projects.
It should be noted that the global green bonds market is rapidly developing and provides access to a large number of investors. Funds from the sale of "green" bonds are directed exclusively to financing or refinancing of "clean" energy projects.
According to the forecasts of market participants, by 2020, the share of "green" bonds around the world will make up 10-15% of the total amount of all bonds.
Finance ministers and heads of the G20 central banks, the European Commission, international development banks (World Bank, IFC, EBRD, EIB), OECD are paying a considerable attention to the formation of international and national green bonds markets.
Head of the State Agency for Energy Efficiency and Energy Saving Serhii Savchuk stressed the said powerful financial instrument will accelerate the achievement of national targets: 11% of clean energy in final energy consumption by 2020 and 25% of green energy in the total primary energy supply in 2035.
Having discussed the prospects of green bonds in Ukraine, the meeting participants agreed together with the line ministries, international partners, technical assistance projects and experts to shape alternative scenarios for introducing the green bonds market with the definition of a mechanism that is suitable for Ukraine and, as a result, to submit the road map for the introduction of the market for green bond to the Government for consideration.
Moreover, the attendees agreed by collaborative efforts to continue work on developing a package of draft laws of primary and secondary legislation on the guidelines for green bonds, reducing investment barriers, and encouraging attraction of green investments to Ukraine.