The Paris Climate Agreement, Ukraine became a participant in, opened up a window of opportunities for energy modernization, economy development and improvement of the environmental situation. Ukraine announced the goal of reducing greenhouse gas emissions by 40% by 2030 against the level of emissions in 1990. And we are moving steadily towards this goal. Vice Prime Minister/Minister for Regional Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko stated at the international conference on climate change.
According to him, there have been approved and see successful implementation the National Energy Efficiency Action Plan for the period up to 2020, the National Renewable Energy Sources Action Plan, the Energy Strategy of Ukraine until 2035, developed by the Ministry of Environmental Protection Ukraine's Strategy for Low Carbon Development by 2050; energy efficiency reform has been launched.
"It is important not only to outline the quantitative indicators in the National Action Plans, but to clearly identify the toolkit that would facilitate the achievement of qualitative indicators. We assumed commitment to reduce energy consumption up to 2020 by 9% compared to the average level of 2005-2009. As for the development of alternative energy, Ukraine currently only uses 2.6% of all renewable energy sources. Our goal is to reach 11% share of renewable energy sources in gross final energy consumption by 2020. And those are the ambitious goals that we must achieve", said Hennadii Zubko.
He stressed that Ukraine is actively moving towards the use of renewable energy sources (RES). Only over the past three years, a 42% increase in the use of RES has taken place.
"Ukraine is also moving towards implementing energy efficiency in the residential sector. And this year, due to the World Bank, the German Government, and the European Union, we are introducing one of the key instruments - the Energy Efficiency Fund, which will help the residential sector reduce gas consumption from 18 billion of annual consumption to 10 billion cubic meters," said Hennadii Zubko.
The Vice Prime Minister also informed that on April 21, 2018 in Washington, the European Union, the International Finance Corporation (IFC, member of the World Bank Group) and the Government of Germany had signed an agreement on the establishment of a multi-donor fund to finance the Ukrainian Energy Efficiency Fund. The agreement aims to help Ukraine reduce energy consumption in the residential sector and reduce its greenhouse gas emissions. The Multi-Donor Fund will, together with the Ukrainian Energy Efficiency Fund, co-finance energy efficiency projects in multi-apartment buildings in Ukraine and provide expert support for market development.