The Ministry of Environmental Protection and Natural Resources of Ukraine is concluding consultations on the draft of the Second Nationally Determined Contribution (NDC2) to the Paris Agreement. The Government may approve it in early summer, assumes Environmental Protection Minister Roman Abramovsky.
He noted this during a meeting with the British Ambassador to Ukraine Melinda Simmons.
In early April, the Ministry of Environmental Protection presented the draft NDC2, the ambitious goal of which is to cut down greenhouse gas emissions by 65% by 2030 as compared with 1990. We intend to finalize our consultations with all stakeholders in the near future so that the Government could approve NDC2 at the beginning of the summer.
Roman Abramovsky, Minister of Environmental Protection and Natural Resources of Ukraine
The Minister also hopes for the support of the United Kingdom in the achievement of the ambitious goals of NDC2 and its presentation to the international community.
Abramovsky stressed that Ukraine needs international investment to accomplish the goals of NDC2, as the green transformation of various sectors of the economy, according to the project, provides for 102 billion euros as the required investment.
About NDC2
On April 1, 2021, the Ministry of Environmental Protection and Natural Resources presented a draft resolution of the Cabinet of Ministers of Ukraine “On approval of the Second Nationally Determined Contribution of Ukraine to the Paris Agreement” and launched the procedure of consultations with the public. This document proposes to reduce greenhouse gas emissions at the national level by 2030 to 35% of 1990 levels.
The 26th session of the Conference of the Parties to the UN Framework Convention on Climate Change will be held in Glasgow on November 1-12, 2021. Ukraine intends to present its NDC2 before the start of the event.
Decarbonization in Ukraine
In Ukraine, the only incentive for decarbonization of the steelmaking industry is the green steel rule, according to which enterprises that have cut their CO2 emissions down to the European target level will be able to apply for a small reduction in the electricity tariff.
However, such rule exists in theory only. Six months after the adoption of the relevant law, the incentive did not get rolling due to the inability of the Cabinet of Ministers to develop the necessary legislative instruments.