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More opportunities for industrial eco-modernization will be provided in Ukraine

02/ 04/ 2021
  This implies financial incentives and tax benefits for companies that implement the best available technologies and management methods (BAT) under the provisions of Directive 2010/75 / EC on industrial pollution. The development of state aid mechanisms is finally being raised at the highest level in Ukraine, following the example of EU countries. Experts, businesses, MPs, and the government agree that eco-tax revenues can be the source for funding eco-modernization. This was discussed today by EBA representatives during a meeting of the working group Discussion of the environmental tax reform concept , chaired by Mr. Oleksii Ustenko, Chairman of the Subcommittee on Rents, Environmental Tax and Taxation, VRU Committee on Finance, Tax and Customs Policy. Olga Boiko. EBA Industrial Ecology, and Sustainable Development Committee Coordinator. Under the current conditions, eco-modernization is possible only with the cooperation of the state and business. Grants, soft loans (repayable assistance), the use of environmental tax revenues, and fine funds for the implementation of environmental measures, tax exemptions - all these tools have allowed companies from EU countries to carry out industrial greening without significant economic losses. We can do it too, and we are glad that we have the support and understanding of the authorities. As shown by international experience, for example, in Poland, funds from natural resource payments, environmental taxes, pollution fines, and revenues from the sale of CO2 emission allowances are directed to special funds and used exclusively to finance environmental measures at the state and local levels. As a result, companies have the opportunity to receive partial financing or soft loans (repayable assistance) for their eco-modernization projects, as well as for the attraction of EU funds. In the Czech Republic, since 2017, companies implementing BAT are exempt from paying tax on pollutant emissions. The European Business Association is grateful to Mr. Ustenko for organizing the discussion and looks forward to reflecting on the proposed initiatives in the relevant legislation.   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

This implies financial incentives and tax benefits for companies that implement the best available technologies and management methods (BAT) under the provisions of Directive 2010/75 / EC on industrial pollution. The development of state aid mechanisms is finally being raised at the highest level in Ukraine, following the example of EU countries. Experts, businesses, MPs, and the government agree that eco-tax revenues can be the source for funding eco-modernization.

This was discussed today by EBA representatives during a meeting of the working group “Discussion of the environmental tax reform concept “, chaired by Mr. Oleksii Ustenko, Chairman of the Subcommittee on Rents, Environmental Tax and Taxation, VRU Committee on Finance, Tax and Customs Policy.

Olga Boiko EBA Industrial Ecology, and Sustainable Development Committee Coordinator
Under the current conditions, eco-modernization is possible only with the cooperation of the state and business. Grants, soft loans (repayable assistance), the use of environmental tax revenues, and fine funds for the implementation of environmental measures, tax exemptions - all these tools have allowed companies from EU countries to carry out industrial greening without significant economic losses. We can do it too, and we are glad that we have the support and understanding of the authorities.

As shown by international experience, for example, in Poland, funds from natural resource payments, environmental taxes, pollution fines, and revenues from the sale of CO2 emission allowances are directed to special funds and used exclusively to finance environmental measures at the state and local levels. As a result, companies have the opportunity to receive partial financing or soft loans (repayable assistance) for their eco-modernization projects, as well as for the attraction of EU funds. In the Czech Republic, since 2017, companies implementing BAT are exempt from paying tax on pollutant emissions.

The European Business Association is grateful to Mr. Ustenko for organizing the discussion and looks forward to reflecting on the proposed initiatives in the relevant legislation.

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

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