Naftogaz began to develop a decarbonization strategy

Naftogaz began to develop a decarbonization strategy
Katerina Belousova

The future of gas exports to the EU directly depends on compliance with environmental standards and requirements

Oleksiy Chernyshov, CEO of Naftogaz of Ukraine, said that the company has begun to develop a decarbonization strategy.

This will create a specific action plan with an assessment of the current state, goals, financing options, and timelines for their implementation, Chernyshov wrote on his Facebook page.

" This is a conscious approach to the environment where we live, he emphasized. "This is not a declarative statement."

Chernyshov noted that The future of Ukrainian gas exports to the European Union directly depends on compliance with clear environmental standards and requirements. In particular, a responsible approach to its extraction, storage and transportation.

He added that all divisions and subsidiaries of Naftogaz Group will work on the development of the decarbonization strategy.

Earlier, EcoPolitic wrote, that in November, head of Naftogaz of Ukraine Oleksiy Chernyshov stated that the company decided to invest in the construction of two wind and one solar power plants.

As EcoPolitic previously reported, The European Union and 35 countries officially opened the Climate Club – an inclusive platform to support effective decarbonization of industry. At the COP28 climate conference, Ukraine joined the Climate Club.

Related
The Decarbonisation Fund has received $1.5 million from UNIDO to support industry
The Decarbonisation Fund has received $1.5 million from UNIDO to support industry

Funding will be available for energy efficiency projects

EU countries are siding with the oil lobby and the US to delay new rules on methane emissions
EU countries are siding with the oil lobby and the US to delay new rules on methane emissions

Critics point to the lack of infrastructure and the threat to energy imports

Green investments in oil instead of clean energy: EU countries have approved a dubious deal
Green investments in oil instead of clean energy: EU countries have approved a dubious deal

Corporations will be eligible for sustainable financing even if they invest only 20 per cent of their funds in clean technologies

The EU will extend the CBAM to imports of over 400 aluminium and steel products
The EU will extend the CBAM to imports of over 400 aluminium and steel products

It is most likely that the updated list will come into use as early as 2028