Review of funds expenditure obtained under the international emissions trading in Ukraine

The report examines Ukraine's 'Green Investment Scheme', which was established to manage 470 million euros earned from selling 'hot air' emission quotas between 2009 and 2012. It highlights a significant gap between the funds received and the actual implementation of projects, noting that by the end of 2011, only 37 projects were completed, resulting in a disproportionately high cost per ton of CO2-eq reduced. The document criticizes the scheme for lack of transparency, bureaucratization, and potential corruption, arguing that project selection may be driven by political reasons rather than environmental or economic viability.

• Ukraine generated 470 million euros between 2009 and 2012 by selling 47 million assigned amount units of greenhouse gas emission quotas, which were largely 'hot air' resulting from the 1990s economic recession rather than active climate measures.
• The Green Investment Scheme, coordinated by the National Environmental Investment Agency (NEIA), targets categories such as energy conservation, renewable energy, fuel switching, and coal bed methane utilization, with 5% of resources dedicated to capacity building known as 'soft greening'.
• Project implementation has been slow and inefficient; by the end of 2011, only 37 projects were completed out of 987 considered, achieving an annual reduction of 2,736.63 tons of CO2-eq at a specific cost of 1,278 euros per ton.
• The report identifies systemic issues in the scheme's administration, including a lack of transparency, excessive bureaucratization, and the risk that projects are selected for political reasons rather than efficiency, which may facilitate corruption.

APA

CMW (2012). Review of funds expenditure obtained under the international emissions trading in Ukraine. Carbon Market Watch. https://carbonmarketwatch.org/2012/09/24/study-on-ji-in-ukraine-by-the-national-ecological-centre-of-ukraine/

Chicago

CMW. Review of funds expenditure obtained under the international emissions trading in Ukraine. Carbon Market Watch, 2012. https://carbonmarketwatch.org/2012/09/24/study-on-ji-in-ukraine-by-the-national-ecological-centre-of-ukraine/.

Wikipedia

{{cite report |last1=CMW |title=Review of funds expenditure obtained under the international emissions trading in Ukraine |publisher=Carbon Market Watch |date=24 September 2012 |url=https://carbonmarketwatch.org/2012/09/24/study-on-ji-in-ukraine-by-the-national-ecological-centre-of-ukraine/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{cmw2012review, author = {CMW}, title = {{Review of funds expenditure obtained under the international emissions trading in Ukraine}}, institution = {Carbon Market Watch}, year = {2012}, month = sep, url = {https://carbonmarketwatch.org/2012/09/24/study-on-ji-in-ukraine-by-the-national-ecological-centre-of-ukraine/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }