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 Nowember 2017

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

11/04
DTEK Frank Siebert appointed DTEK Finance and Strategy Director
06/04
DTEK DTEK starts construction of the largest solar power plant in Ukraine
06/04
DTEK Innovative Energy. Issue 2. Prosumers.

Profile

DTEK is a strategic holding company that develops four business streams in the energy sector. DTEK's companies employ 75 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK. 

DTEK companies produce coal and natural gas, generate electricity at the fossil-fuelled power plants and renewable energy power plants, supply heating and electricity to end consumers, and provide energy services. Four operating companies—DTEK ENERGY, DTEK Renewables, DTEK Oil&Gas, DTEK ESCO— directly manage production companies in each of the business streams.

DTEK's production indicators for 2016: the company produced 31.3 mln tonnes of coal, 1.6 bcm of natural gas, generated (supplied) 40.1 bln kWh of electricity, out of which 608.4 mln kWh came from the Botievo wind farm;   and transmitted 45.8 bln kWh of electricity via the networks.

DTEK is part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.

For more information, visit: www.dtek.com

To learn about the social partnership projects in progress in the towns and cities of DTEK companies' operations and get a detailed status report on their implementation, visit www.spp-dtek.com.ua

What do you know about the future of Ukraine's energy industry?

More details
I confirm the foregoing Do not confirm