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Business urges the state to cooperate in building a new green economy of Ukraine and the EU

19/ 06/ 2020

Ukraine has several pathways in developing the European Green Course: from the position of a passive observer to an active participant in the process along with the EU countries. This was discussed on June 16 during the online discussion “Green Vector of Ukraine: not missing opportunities and avoiding threats joined by representatives of the European Business Association. The event was organized by the Resource and Analysis Center “Society and Environment”, DiXi Group Analytical Center, the Institute for Economic Research and Policy Consulting, Ukrainian Think Tanks Liaison Office in Brussels, with the support of the International Renaissance Foundation.

Thus, the EBA representatives stressed the importance of involving Ukraine in the formation of a climate-oriented economy of Europe and drew attention to the need to take into account the following 5 factors:

  1. Establishing a high-quality direct dialogue with EU representatives to synchronize basic data and further aspirations.
  2. Involving Ukraine as a partner and associate member of the EU in joint transformations at the institutional, technological, investment levels.
  3. Consolidating the efforts of the state and business in finding sources of investment for environmental modernization of production through environmental tax compensation and access to European investments and EGC programs.
  4. Sustainable development is not only about the environment, it is also about overcoming hunger and poverty, the right to decent work, health, and more.
  5. For a rapid and qualitative change, the state must also undergo a transformation from a purely regulatory and supervisory institution to become a true driver of decarbonization and business partner.

At the same time, they talked about the potential opportunities and threats that can affect all stakeholders, in particular, the carbon adjustment mechanism, new strict environmental requirements for producers and service providers, as well as the cross-sectoral impact of s.

It is worth noting that the EGC is a set of policy initiatives of the European Commission, the overall goal of which is to achieve climate neutrality by 2050, as well as improving the welfare of citizens, protecting biodiversity and greening the economy. In January 2020, following the Sixth Meeting of the Association council, Ukraine and the EU agreed to further cooperate on decarbonization and environmental protection within the EGC.

The Government of Ukraine has now set up an interagency group to coordinate the effects of climate change under the European Green Course, led by the Deputy Prime Minister for European and Euro-Atlantic Integration. Therefore, it is now important for Ukraine to define the new climate goals clearly and correctly, which will be presented in the Second National Determined Contribution of Ukraine to the Paris Agreement. Further development of Ukraine and its economy will depend on this document.

As a result of the meeting, agreements were reached on further cooperation and business involvement in fostering the green economy of Ukraine and its accession to the European Green Course.

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