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.
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