“Access to financing from EU structures, such as the EBRD and the IFC, will be difficult if Ukraine does not meet the standards of the “green” transition, said the head of the Verkhovna Rada committee on the organization of state power and head of the Servant of the People party Olena Shulyak. According to her, Europe is currently undergoing two key transitions – digital and green. Ukraine is already showing progress in digitization”, — write on: ua.news
Access to financing from EU structures, such as the EBRD and the IFC, will be difficult if Ukraine does not meet the standards of the “green” transition, said the head of the Verkhovna Rada committee on the organization of state power and head of the Servant of the People party Olena Shulyak.
According to her, Europe is currently undergoing two key transitions – digital and green. Ukraine is already showing progress in digitalization, but there are significant gaps in the green course.
Without compliance with environmental standards, including ESG (Environmental, Social, Governance) criteria, businesses and communities will not be able to access financing for the implementation of restoration and development projects.
“Without the implementation of the green course, we will not be able to get access to the European structural funds, which are billions of euros for companies, communities and states that implement projects in the field of the green European course,” Shulyak emphasized.
She emphasized that even if the conditions of the IMF and Ukraine Facility are met, it will be extremely difficult to restore the country without access to foreign markets and financing from international structures. At the same time, compliance with “green” standards allows obtaining loans at a lower interest rate.
Shulyak also noted that the modernization of production and the transition to environmentally friendly technologies are critical for the development of local business, and Ukraine needs clear algorithms and legislative norms regarding the processing of construction and other waste generated as a result of the war.
The European Bank for Reconstruction and Development (EBRD) revised the forecast for the growth of Ukraine’s economy for 2025. GDP growth is expected at the level of 2.5%, previously forecast was 3.3%.
Naftogaz of Ukraine and the European Bank for Reconstruction and Development signed loan agreement for 500 million euros for the purchase of natural gas, Prime Minister Yulia Svyridenko announced.
Read us on Telegram and Sends
