Olha Stefanishyna: "Green Transformation" will reveal the economic potential of Ukraine

Ukraine has an intention to promote a "green" global agenda. In this regard, Ukraine wants to be a leader among the Eastern Partnership countries and a lawyer in the region on various international platforms.

This was stated by the Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna during the “Discussion with Ambassadors: Decarbonisation, COP26 "Green Deal”, reports the European Integration portal.

"Green transformation and the green economy have become global trends. Ukraine also has significant climate ambitions and we are joining the implementation of international policies in this direction".

Achieving climate ambitions requires synchronization of energy, environmental, economic and infrastructure policies, as well as additional financial instruments that will help Ukraine achieve climate change faster.

"I believe that it is necessary to establish an international fund for "green" transformation for Ukraine, which will accelerate the environmental process in our country by stimulating business and providing it access to appropriate financial resources," said Olha Stefanishyna.

In addition, in an interview with “Interfax-Ukraine”, Olha Stefanishyna noted that several priority areas of collaboration between Ukraine and the EU on the “Green Course” have already been identified, in particular, in energy efficiency, transformation of coal regions and the hydrogen economy.

"All these issues arise again and again therefore the substantive discussion of the Green Deal with the EU will begin this spring, as well as the development of new flagship initiatives in other sectors".

It should be noted that the issue of hydrogen is also one of the most promising areas of collaboration with Germany.

According to Olga Stefanishina, strengthening communication with international partners, especially in the EU, allows Ukraine to be involved in the work of the European Raw Materials, Clean Hydrogen and Battery Alliances.

"Alliances - Raw Materials, Clean Hydrogen and Battery - these are the platforms where the government and business of Ukraine and other countries have become allies in advocacy of Ukrainian national interests."

Regarding the implementation of CBAM (carbon border adjustment mechanism), approved by the European Parliament resolution on March 10, Olha Stefanishyna believes that the scenario of introducing an emission trading systems, ie a fee that will reflect the price of the EU emissions permit, seems the most realistic.

"Ukraine will also introduce an emissions trading system - this is our commitment under the Association Agreement."

The full text of the interview can be found at the link (In Ukrainian).