LCU presenting proposal on ETS scheme for Ukraine at joint event with GIZ

On February 8th, Low Carbon Ukraine presented its proposal on an effective Ukrainian ETS system in an online event, jointly organised by the German Agency for International Cooperation (GIZ), the Ukrainian Climate Office, the Ukrainian Ministry of Environmental Resources and Natural Protection and Low Carbon Ukraine (LCU). LCU project leader Robert Kirchner delivered some introductory remarks.

Currently, Ukraine is defending itself against the Russian aggression. At the same time, Ukraine’s new status as candidate country for EU Membership, as well as the soon-to-be-starting accession negotiations mean that the country will need to bring its climate policies and legislations in line with EU standards. One of those areas will be the introduction of an EU-compatible ETS system, guaranteeing carbon prices on a level comparable to those under EU-ETS.

During the event, in which representatives of the Ukrainian government, international organisations, such as the World Bank, the GIZ, as well as from the private sector, Low Carbon Ukraine, represented by Rouven Stubbe, presented its proposal for an EU-ready ETS system, which will be further outlined in a forthcoming study. Next to Low Carbon Ukraine, an array of seasoned experts on climate policy and carbon pricing mechanisms gave their respective opinions and proposal on the issue.