The Verkhovna Rada of Ukraine registered a bill on amendments to the Budget Code of Ukraine regarding the introduction of a state decarbonization fund. The author of the project is a member of the Committee on Energy and Housing and Utilities, People's Deputy Yuri Kamelchuk, who supported the corresponding initiative of the Ministry of Energy.
The source of the Fund is a tax on carbon dioxide emissions. It is planned to increase this tax from 10 to 30 hryvnia per ton.
50% of the tax will be sent to the general fund of the State Budget, where it will be allocated to measures to protect the environment; 50% - to the Decarbonization Fund.
The funds of the Fund will be directed exclusively to projects that lead to the reduction of CO emissions 2 . Seven areas are currently being considered:
- Eco-modernization of enterprises, including generating ones;
- Modernization of heating systems, water utilities, street lighting;
- Reducing the cost of projects with the disposal (processing) of household waste;
- Public transport electrification;
- Promotion of the use of electric vehicles by the population;
- Replacement of traditional fuels in the public sector;
- Promotion of production and use of bioethanol, biogas.
However, this list is not exhaustive and may be supplemented.
The creation of the Fund is provided without the formation of a separate legal entity. Its format is “budget line”, similar to the State Fund for Regional Development and State Road Fund.
With this option, the administration process will not require additional costs and will be carried out by the existing state institutions.
Recall that the acting Energy Minister Olga Buslavets presented the initiative to introduce the Decarbonization Fund, which was developed by the Ministry of Energy with the support of the Ukrainian-Danish Energy Center and the State Energy Efficiency Agency.