Switzerland to invest in Ukrainian projects to mitigate impact of climate change – head of Environmental Protection Ministry

18:42, 04.07.2022 1 min read

Switzerland will invest in public and private projects to reduce greenhouse gas emissions in various fields of activity of Ukraine: infrastructure, construction, transport, energy.

The relevant agreements were reached between Minister of the Environment of Switzerland Simonetta Sommaruga and Minister of Environmental Protection of Ukraine Ruslan Strilets during the Ukraine Recovery Conference in Lugano (Switzerland).

"We have made the first practical step for Ukraine to introduce market mechanisms of the climate agreement, create new climate financing channels in Ukraine and incentives for green development for Ukrainian business... I am convinced that the agreement between our governments is a good start for the ‘green’ post-war reconstruction of Ukraine and the achievement of climate goals under the Paris Agreement," the minister said on Facebook on Monday.

Strilets clarified that Ukraine had pledged to provide Switzerland with verified results of reducing carbon emissions into the atmosphere in return for the investments received.