The Project Management Team of the UNIDO/GEF UKR IEE Project “Introduction of Energy Management System Standard in Ukrainian Industry” joined the open seminar “Financial Mechanisms for Promoting Industrial Energy Efficiency” organized by the Better Regulation Delivery Office and the GIZ project “Advisory services for energy efficiency in companies”.

German experts in energy efficiency policy Clemens Rohde and Antoine Durand from the Fraunhofer Institute for Systems and Innovation Research ISI and the seminar participants discussed a new EU program “The European Green Deal”, aimed at reducing CO2 emissions by 50-55% by 2030 making Europe the first climate-neutral continent by 2050. The roadmap provides for a whole range of measures for increasing the efficient use of energy resources, transitioning to a “clean” circular economy, reducing pollution and preventing climate change, which should contribute to improving the quality of life of people. Experts also noted that rather stringent environmental requirements are planned for products that will be imported into EU countries – the so-called “carbon border tax”. Thus, carbon-intensive products may not be allowed into EU markets, which means that Ukraine should already take into account the new EU strategy and accelerate its efforts to improve the energy efficiency of the economy.

During the seminar participants discussed the effectiveness of market and non-market financial mechanisms for stimulating energy efficiency in enterprises (grants, soft loans, factoring, tax mechanisms, green bonds, etc.), as well as the mechanism of stimulating energy efficiency in enterprises, which is now being developed with the participation of the Ministry of Energy and Environment Protection of Ukraine and State Agency on Energy Efficiency and Energy Saving of Ukraine.

The video of this event can be viewed here.