The State Agency for Energy Efficiency and Energy Saving announced the launch of green bond market in Ukraine, the press office of the State Agency for Energy Efficiency reports.
“The introduction of green bonds in Ukraine will allow mobilizing the necessary investments for implementing projects on energy efficiency and renewable energy as well as make cheaper these financial resources”, Chairman of the State Agency for Energy Efficiency Sergei Savchuk noted.
According to him, it can help achieving 11% of “pure” energy in final energy consumption by 2020 and 25% of “green” energy in the general initial energy supply in 2035.
Ukraine will also develop alternative scenario for launching the market of “green” bonds and will determine mechanisms for that. Later, the Road Map should be submitted to the government.
In addition, it is planned to continue working on the development of the package of bills of the primary and secondary legislation in respect to the governing principles of green bonds, reduction of investment barriers as well as stimulation of attraction of green bonds in Ukraine.
According to forecasts of the market players, by 2020, 10-15% of the total amount of all bond borrowings will account for green bonds all over world.
It should be noted that for three years, over €700 mln investments were attracted for development of the alternative energy sources.
