In one year and three months of full operation, the Ukraine Decarbonization Fund has financed 72 projects totaling UAH 1.56 billion.
The information presented during the open part of the meeting of the Supervisory Board of JSC "Ukraine Decarbonization Fund" was published on the company's official website.
The institution reported that about 95% of all energy efficiency and decarbonization projects were implemented in industry with the use of low-cost loans. Projects in communities and critical infrastructure facilities in 17 regions of Ukraine also received funding.
Джерело: fdu.com.ua.
Since investors were required to make their own contribution in each case, total investments in energy efficiency and decarbonization exceeded UAH 2 billion.
Results
The Fund reported the following figures on progress after project implementation:
- over 132,000 MWh of annual electricity (thermal energy) savings, equivalent to the annual consumption of a city with a population of about 60,000–70,000;
- a reduction in emissions of almost 40,000 tons of CO₂ per year.
Funding amounts
In 2024, the Fund accumulated over UAH 2 billion from environmental tax revenues. In 2025, revenues are expected to reach approximately UAH 1.75 billion, and the forecast for 2026 is almost UAH 1.9 billion.
All funds are earmarked exclusively for financing energy efficiency measures in industry, communities, and critical infrastructure facilities.
“In addition, the Fund operates on a revolving mechanism principle, which provides a constant and stable source of financing for energy efficiency and environmental projects,” the institution noted.
Olesya Mishchenko, chair of the board of the Ukrainian Decarbonization Fund, expects the joint-stock company she heads to end 2025 with a small profit. According to her, all the prerequisites for this are in place. Next year, the company plans to achieve results that will allow it to pay dividends to the state.
Current programs of the Decarbonization Fund
These include, in particular, the installation of solar panels with storage systems on government buildings. According to the Fund, 127 objects have been identified with an estimated financing requirement of UAH 316 million.
Energy certification and energy audits of government buildings are also being financed: applications for certification have been submitted for 2,918 facilities (UAH 116.5 million), and for energy audits — 26 facilities (UAH 13 million).
Another program implemented by the Fund is the program for smart metering of natural gas consumption. It has already received 40,000 applications for data transmission devices with a funding requirement of UAH 200 million.
At the end of October, EcoPolitic reported that the first condominium association had received a loan from the Ukraine Decarbonization Fund.
