The formation of the Ukrainian Green Course on the basis of the European Green Deal is an ambitious goal, which includes restructuring the economic model and attracting large-scale investments to upgrade Ukraine's energy sector. Prime Minister Denys Shmyhal emphasized in a statement during the 12th International Ukrainian Energy Forum on July 14.
The Prime Minister noted that decarbonisation had become the main global trend in the energy sector in recent years. Ukraine was among the first to ratify the Paris Agreement, but only in the last year has it been actively involved in the formation of the Ukrainian Green Course, he added.
"This is a really ambitious goal, which envisages reconstructing of the economic model and leveraging large-scale investment to modernize the domestic energy domain. To reduce emissions to 35% as of 1990 levels, according to the calculations of the Ministry of the Ecology, we will need EUR 102 billion in capital investment over 10 years," said Denys Shmyhal.
The Prime Minister added that in parallel with the decarbonisation, the Government is working to reduce the energy intensity of the economy, establish market rules and fair markets as well as to increase domestic extraction industry.