The Ministry of Environmental Protection and Natural Resources continues to actively implement Ukraine’s climate policy.

On 14 August, the Ministry initiated an important meeting that brought together representatives of business, local authorities, the public, and international partners: Swiss Federal Office for the Environment, Japan’s Global Environment Bureau, KliK Foundation, UNDP Ukraine and the Ukrainian Climate Office.

During the event, the participants discussed practical mechanisms for Ukraine’s green recovery, focusing on decarbonisation and sustainable development.

“We have to choose a green way of rebuilding – with green and climate-neutral projects, and today’s meeting is a discussion of such opportunities. International partnerships play an important role in this regard. We have already signed several important agreements and memorandums with our partners from Switzerland in 2022 and Japan in 2024, which promote the development of market mechanisms in accordance with Article 6 of the Paris Agreement,” said Viktoriia Kyreieva, Deputy Minister of Environmental Protection and Natural Resources of Ukraine.

Representatives of the Swiss Federal Office for the Environment, Japan’s Global Environment Bureau and KliK Foundation shared information on the project cycle, authorisation, projects already underway and the first transfer of emission reduction units that has already taken place.

According to a speaker from the Global Environment Bureau of Japan, Yoshinori Momose, about 250 green projects are currently planned under the Joint Lending Facility in the areas of energy production from renewable and alternative energy sources, waste management, energy efficiency, etc. Such projects will contribute to achieving Japan’s climate goal of carbon neutrality by 2050.

Natalie Bertsch, speaker from the Swiss Federal Office for the Environment, also stressed the importance of international carbon markets for achieving their own climate goals. To meet its nationally determined contribution by 2030, Switzerland (government and fuel importers) plans to use 30 million tonnes of CO2 emission reductions acquired through cooperation under Article 6. Representatives of the Ministry of Environmental Protection and Natural Resources of Ukraine also stressed the importance of supporting Ukrainian business as one of the main stakeholders in climate policy.

“The mechanisms of market-based approaches provided for in Article 6 of the Paris Agreement are new and complex for the world. We are actively working to make these mechanisms accessible to our stakeholders by developing a regulatory framework. Soon we will start discussing these documents, so I invite you to join us so that we can work together to develop a legislative framework for the implementation of green projects,” Deputy Minister Viktoriia Kyreieva concluded.

According to her, the Ministry is making efforts to strengthen its institutional capacity and expressed gratitude to the Climate Office, UNDP, RST for their support in preparing the relevant regulatory framework, as well as to Japanese and Swiss partners for their willingness and cooperation.