“Green” bonds will raise funds for СО2 emission reduction projects in Ukraine
Investors across the world show the increasing interest in projects helping reduce СО2 emissions.
The “green” bonds are the key to a large number of investments in energy efficiency and sustainable development projects, Andrii Frolov, Deputy Head of Directorate for Energy Efficiency and Energy Conservation Reform at the State Agency of Ukraine for Energy Efficiency and Energy Conservation, said at the Regional Forum for Sustainable Finance.
“Investors across the world show the increasing interest in projects helping reduce СО2 emissions, efficiently use energy resources and prevent risks stemming from climate change. It creates permanent demand for “green” bonds which have the actual purpose of raising funds to finance these projects,” he said.
In order to create favorable conditions for the placement and trading of these bonds, a regulatory framework was developed in the form of the draft law 2284 of 17.10.2019.
In Ukraine, the issuance of “green” bonds was announced in August 2018, and in early June 2019, the State Agency for Energy Efficiency and Energy Conservation presented the Concept of Implementing the Market for “Green” Bonds. The launch of this market is intended to bring additional funds in alternative energy and energy efficiency. According to estimates by the International Finance Corporation (IFC), “green” bonds will bring close to 73 billion in investments in Ukraine by 2030.
