The United Nations Industrial Development Organization (UNIDO) will help launch the State Fund for Decarbonization and Energy-Efficient Transformation in Ukraine.
Among other initiatives, within the framework of cooperation, the Loan Guarantee Fund will be launched to support industrial energy-efficient projects, the State Agency for Energy Efficiency and Energy Saving reports on Facebook.
The message emphasized that the State Decarbonization Fund will become a permanent source of income from the carbon tax to finance energy efficiency and decarbonization measures.
It is noted that cooperation will take place, in particular, within the framework of the GEF-UNIDO UKR IEE project. It will include:
- measures to conceptualize the work of the platform regarding fund management;
- the combination of various financial mechanisms to support the implementation of energy efficiency measures for the population, municipalities and businesses within the framework of the fund management platform, in particular the launch of the Loan Guarantee Fund;
- help in raising awareness of the work of the fund and providing organizational support for the presentation of its concept, in particular, at the Vienna Energy and Climate Forum in 2023;
- assistance in mobilizing donor funds to expand the implementation of energy efficiency and renewable energy projects in various industries and, in particular, in energy-intensive sectors of Ukrainian industry;
- the professional engagement of Serhiy Porovskyi, the chief expert on financing and energy efficiency policy, as an adviser to the head of the State Energy Efficiency Agency.
Earlier, EcoPolitic wrote, that in April, the Verkhovna Rada adopted in the second reading and as a whole the government bill No. 8433 "On amendments to Chapter VI "Final and transitional provisions" of the Budget Code of Ukraine on the use of funds from sccounts for the dupport of Ukraine", which provides for the creation of the State Fund for Decarbonization and energy efficient transformation. The document was signed by the President of Ukraine Volodymyr Zelenskyi on May 3.
As EcoPolitic previously reported, the Food and Agricultural Organization of the United Nations (FAO) has begun work on developing a program to attract funds for the restoration of Ukrainian forestry.
