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Ukraine faces a shortage of high-quality investment "green" projects

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Acting Chairman of the State Energy Efficiency Agency of Ukraine Konstantin Gura spoke about this.

Ukraine faces a shortage of high-quality investment "green" projects

Konstantin Gura, acting Chairman of the Agency for State Energy Efficiency of Ukraine, held an online meeting with representatives of the UN division - UNOPS, which specializes in project administration, incl. on sustainable development.

Since 2017, the UNOPS office has been operating in Kiev. UNOPS actively supports reforms in Ukraine in a number of areas, including the rule of law, sustainable economic growth, environmental protection.

During the meeting, Konstantin Gura presented the directions of the agency's activities and the parties focused on the prospects for cooperation in the implementation of pilot projects for the issuance of green bonds.

Konstantin Gura outlined the role of the State Energy Efficiency in the development of the green bond market in Ukraine, work on the legislative framework, interagency cooperation and the search for partner municipalities.

“Since July 1 of this year, a law has come into force, according to which green bonds are put into circulation and rules for market participants are established. Now, together with other interested parties, we are working on secondary legislation, ”said K. Goura.

“We are also interested in the implementation of several pilot projects for the issuance of green bonds with the support of international development banks. Today there are a number of obstacles that need to be overcome - the lack of high-quality investment "green" projects and the low institutional capacity of certain groups of issuers in preparing a feasibility study. At the same time, it is necessary to ensure the verification of the “greenness” of the projects, ”explained Konstantin Gura.

Therefore, it is important to support international organizations in the development of local governments, state-owned enterprises, as well as other groups of potential issuers of high-quality feasibility studies for "green" projects.

Following the online meeting, the parties agreed to establish cooperation in the development of the green bond market, including attracting UNOPS as expert and advisory support to developers of green investment projects, in particular municipalities.

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