National Commission finds shortcomings in the Greenhouse Gas Emissions Trading Strategy shutterstock

National Commission finds shortcomings in the Greenhouse Gas Emissions Trading Strategy

Anna Velyka

She presented her proposals to the Ministry of Environmental Protection and Natural Resources of Ukraine regarding their elimination

The National Securities and Stock Market Commission has reviewed the draft order of the Cabinet of Ministers of Ukraine "On Approval of the Strategy for Implementation of the Greenhouse Gas Emissions Trading System in Ukraine for the Period up to 2033" and did not support it. Instead, it outlined a list of comments and recommended amending paragraphs 1, 6, 8, 9 of the first section.

This was reported by the regulator's press service.

The Commission offers the following comments to the Strategy:

  1. Determine oversight mechanisms are not by participants and operators of organized markets regarding the organization of trading in quotas for greenhouse gas emissions, and to implement it quota market supervision mechanisms on greenhouse gas emissions.
  2. Instead of definition specialized trading platform to determine auctions for the sale of quotas for greenhouse gas emissions specialized operator organized market for conducting such auctions.
  3. Conduct education and training with the involvement of domestic and European specialists for representatives of central executive bodies and institutions related not only to state supervision and control, accreditation, verification, financial markets, but also to commodity markets.
  4. Organize trainings with the involvement of domestic and European specialists not only for plant operators, but also for representatives of central executive bodies and institutions related to state supervision and control, accreditation, verification, capital markets and commodity markets.

As EcoPolitic wrote earlier, specialists of the European Business Association urged not to hurry with the introduction of STV and to ensure a regular dialogue with business regarding the parameters of the launch and functioning of the future quota trading system.

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