Ukraine has the potential to become a center for green investments following COP 29 decisions
Increasing global climate finance opens new opportunities for Ukraine's green transformation
At COP 29 in Baku, Azerbaijan, the global community reached an agreement to provide up to $300 billion annually by 2035. The overall goal is to achieve a level of $1.3 trillion in annual investments to support developing countries in their efforts to combat climate change.
This decision, which triples previous commitments ($100 billion annually), creates unprecedented opportunities for Ukraine to develop projects for economic decarbonization and attract international financing.
According to the Paris Agreement, adopted in 2015, the world aims to limit global temperature rise to well below 2°C compared to pre-industrial levels. Achieving this goal requires comprehensive economic transformation, which needs significant financing, especially for developing countries.
Ukraine has the potential to become one of the centers of green investment in Europe. Considering the dynamics of climate finance commitments and the expected increase in sustainable finance flows, the Office of Green Transition is working to promote green investment opportunities in Ukraine.
Information about climate finance and investment opportunities in Ukraine can be viewed below. Please note that the report is available in English.
Reference: COP 29 (29th Conference of the Parties to the United Nations Framework Convention on Climate Change) was held in November 2024 in Baku, Azerbaijan. The main achievement was the establishment of a new collective quantified financial goal (NCQG) for climate finance, which will replace the previous goal of $100 billion, expiring in 2025.
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