The 2024 state budget included a decarbonization fund of UAH 759 million

The 2024 state budget included a decarbonization fund of UAH 759 million
Katerina Belousova

The size of the environmental tax for CO2 emissions remained unchanged – UAH 30 per ton

The project of the State Budget of Ukraine for 2024 foresees a new budget program "State Fund for Decarbonization and Energy Efficient Transformation" in the amount of 759.2 million hryvnias.

This is stated in the explanatory note to the draft state budget-2024.

The fund will be filled at the expense of environmental tax revenues to the special fund of the state budget. Ecotax is paid for carbon dioxide emissions into the atmosphere by stationary sources of pollution.

"The functioning of the state fund for decarbonization and energy-efficient transformation will contribute to the implementation of measures to increase energy efficiency, reduce emissions of carbon dioxide into the atmosphere, and increase the use of renewable energy sources and alternative fuels," the document states.

In the 2024 draft state budget, the amount of the environmental tax for emissions of carbon dioxide into the atmosphere (provided that it exceeds 500 tons per year) remained unchanged – UAH 30 per 1 ton.

As EcoPolitic reported earlier, in April the Verkhovna Rada of Ukraine 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 regarding the use of funds from accounts for the support of Ukraine", which provides for the creation of the State Decarbonization Fund and energy-efficient transformation. In May, the document was signed by the President of Ukraine, Volodymyr Zelenskyi

Related
Ukraine to review eco-tax rates on waste disposal: an overview of the draft bill
Ukraine to review eco-tax rates on waste disposal: an overview of the draft bill

Once martial law has ended, the authorities are proposing to gradually increase the rates

Ukraine needs a transparent NETS that will support the decarbonisation of businesses — EBA
Ukraine needs a transparent NETS that will support the decarbonisation of businesses — EBA

The business community is convinced that the system requires a separate fund to finance low-carbon projects

Billions for companies run by relatives and newly registered sole traders: who wins the tenders?
Billions for companies run by relatives and newly registered sole traders: who wins the tenders?

The winners of tenders worth hundreds of millions of hryvnias turn out to be shell companies

Below dead level: Lake Katlabug in Odesa region is being forcibly filled with water
Below dead level: Lake Katlabug in Odesa region is being forcibly filled with water

The authorities are concerned about the potential consequences for ecosystems and water management