Panel discussion ‘Implementation of RBM 3.0: Effective Cooperation for a Sustainable Future in Competitive Economies’

Deputy Minister of Environmental Protection and Natural Resources of Ukraine Viktoriia Kireieva participated in the panel discussion ‘Implementing the NBU 3.0: Effective Cooperation for a Sustainable Future in Competitive Economies’.
The event was held in the pavilion of the international initiative The Resilience Hub.

The panellists discussed the challenges and opportunities for implementing and financing climate plans and shared best practices in this area. Considerable attention was also paid to public-private cooperation, which can activate additional resources and inspire more ambitious NDCs.

‘Ukraine is facing a unique challenge and opportunity to combine post-war recovery with the transition to a green economy. Adopting the NIS 3.0 gives us a chance not only to rebuild the economy but also to comply with the best environmental practices,’ said Victoria Kireeva during the discussion.

She also highlighted three key areas of the recovery strategy:

decarbonisation of industry and energy: the introduction of modern standards in these sectors will help reduce emissions and enhance export potential
Expansion of renewable energy: by 2030, Ukraine plans to reach a 12% share of renewable energy in the overall energy balance
Circular economy: Ukraine generates over 400 million tonnes of industrial waste annually. The introduction of closed resource chains will help reduce waste and reduce the negative impact on the environment.

Ukraine can raise $100 billion in green bonds and other financial instruments to support the recovery. Cooperation with international partners, such as the World Bank, EBRD and European Commission, already allows Ukraine to use these mechanisms to develop energy-saving technologies.