The World Bank and DTEK: Preparation to the Introduction of a Greenhouse Gas Emission Trading Scheme in Ukraine

The World Bank and DTEK: Preparation to the Introduction of a Greenhouse Gas Emission Trading Scheme in Ukraine

Thermal power generation02 November 2017

The World Bank and DTEK: Preparation to the Introduction of a Greenhouse Gas Emission Trading Scheme in Ukraine

The World Band and DTEK begin their cooperation within the framework of the Partnership for Market Readiness project. The project aims at the development of a plan for monitoring and reporting greenhouse gas (GHG) emission to prepare TPPs for participation in the national GHG emission trading scheme.

Following the signing of the Ukraine-EU Association Agreement in June 2014, Ukraine has made a commitment to implement a number of EU environmental directives, including Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading.

“A system of monitoring, reporting and verification of greenhouse emission has been successfully operating in Europe for more than 10 years. Establishment of an efficient domestic carbon market in Ukraine and its connection to the EU market will provide an opportunity for reaching the objective of the national and global climate polity, and for deriving financial benefits. DTEK is ready to introduce the best European practices at its enterprises. A launch of a scheme for greenhouse gas emission trading in Ukraine is impossible without thorough preparations. DTEK starts preparing for the participation in the system for GHG monitoring, reporting and verification with technical support provided by the World Bank. Zaporizka TPP was selected as a site for a pilot project,” says Iryna Verbytska, Head of Environmental Safety Department at DTEK. 

Representatives of TPP’s responsible divisions and the Environmental Safety Department at DTEK discussed the key aspects of this project with representatives of Carbon Limits AS.

For reference:

The World Bank has appointed a consortium of European companies lead by Carbon Limits AS a lead contractor to implement the GHG emission monitoring, reporting and verification project in Ukraine. More information about activities of Carbon Limits AS can be found at www.carbonlimits.no

See also
16/04
DTEK DTEK to Invest UAH 350 Million in the Digital Transformation of Its Business in 2019
04/04
DTEK Aleksandr Polosin was appointed as Director of Internal Audit at DTEK
02/04
DTEK Oleksiy Povolotsky was appointed as Director of Corporate Management, Risk Management and Compliance at DTEK

Reference

DTEK is a strategic holding company that develops business in the energy sector. DTEK’s companies employ 73 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK.
DTEK companies produce coal and natural gas, generate electric power at the fossil-fuel fired power plants and renewable energy power plants, supply thermal and electric power to end consumers, and provide energy services. The operating companies directly manage production companies in each of the business streams.
DTEK’s production indicators for 2017: the company has produced 27.7 mn tonnes of coal, 1.655 bcm of natural gas, generated (supplied) 37.1 bn kWh of electric power, of which 637.8 mn kWh have been provided by the renewable energy sources; and transmitted 43.2 bn kWh of electric power via the grid.
DTEK is a part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.
For more information, visit: https://dtek.com/en/
To learn about social partnership projects being implemented in the cities of DTEK activity, and to get a detailed report on the status of their implementation, please visit https://dtek.com/en/sustainable_development/

Corporate Communications Department
DTEK
Tel.: +38 (044) 581 45 35
+38 (044) 581 45 70
E-mail: pr@dtek.com
www.dtek.com

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