Month archive: July 2018
Innovations will be!
0n July 26, 2018, First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine S.Kubiv introduced the concept of a pilot project to finance commercially promising innovative projects that will be implemented on the basis of the State Finance Institution for Innovations (SFII).
Now the innovators and inventors will be able to receive part of the funding for the implementation of their projects from the state. The proposed model is similar to the procedure of public-private partnership, where a part of the money is provided by the state, and part – by a private investor.
Projects will be selected through an open competition.
UNIDO and GEF in the framework of the Global Innovation Program Cleantech for start-ups and small and medium enterprises in Ukraine will act as a partner in the implementation. The potential of Ukraine in the field of innovation is enormous and we will be happy to help innovators and inventors in realizing their ideas.
Road maps for energy efficient modernization of the agro-food industries
According to the information of State Statistics Service of Ukraine, the capital investments in the food industry exceed investments in the metallurgical sector. In 2017, 18.9 billion UAH were invested in the agro-food sector compared to 17.8 billion in the metallurgical sector.
Experts of the UNIDO / GEF Project in cooperation with the Austrian Energy Agency developed road maps for energy efficient modernization of the agro-food industries of Ukraine that were presented on 25.07.18 at the conference hall of the National Academy of Sciences of Ukraine.
Road maps are developed for eight sub-sectors of the agro-food industry, namely: livestock production, meat processing, canned food, sugar and beverage sub-sectors, oil-fat / vegetable sub-sector, milk and bakery. According to the Austrian Energy Agency, the average potential energy savings of eight sub-sectors is approximately 25%.
Oleg Radiychuk, the Expert of the UNIDO / GEF Project, stressed on the scenarios of energy consumption and expected results in this area. Additionally, he also noted the main problems of the agro-food sector in terms of energy consumption.
The National Expert on the road maps development of the UNIDO / GEF Project, Olena Tochylina outlined in detail the current situation in energy efficiency of production in the above-mentioned eight sub-sectors and provided scenarios for energy consumption by 2030. In addition, Ms. Tochylina presented important information on existing sources of financing and financial instruments that could be used for energy efficiency of enterprises.
The event was attended by representatives of the State Agency on Energy Efficiency and Energy Saving of Ukraine, associations of agro-food industry, business, banks and NGOs.
During the discussion, the round table participants repeatedly voiced the problem of insufficient dissemination of information on new t echnologies in the field of energy efficiency and the possibility of obtaining financing for modernization of equipment among entrepreneurs.
On July 24th, 2018, the Experts of the Project will present the Energy Efficiency Roadmaps for Energy Efficient Modernization of the Agro-Food Sub-sectors at the conference hall of the National Academy of Sciences of Ukraine (55 Volodymyrska Street).
For more information tel.: +38 (044) 388 42 64
Green bonds in Ukraine
O On 10th of July 2018, the Project UNIDO/GEF in cooperation with the State Agency on Energy Efficiency and Energy Saving of Ukraine organized the roundtable discussion on the future of “green” bond market in Ukraine. The participants discussed the world tendency of “green” bond issuance and perspectives of the implementation of this green financial instrument in Ukraine.
The Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Sergiy Savchuk delivered a speech about the vision of the Ukrainian government on introducing the “green” bonds market in Ukraine.
International experts have been represented by Selena Vento the Senior Relationship Manager of the international organization Climate Bonds Initiative, Martin Dashek the Senior Specialist in climate finance of International Financial Corporation and Iñigo Arencibia González the Specialist of the Energy Sector of European Investment Bank.
During the discussion, the participants emphasized on the main possible benefits of the Ukrainian "green" bond market and debated on the major challenges that could be faced by potential issuers of green bonds in Ukraine.
As a result of the roundtable, it was agreed to organize a platform that will unite all stakeholder in order to develop system solutions for the launching "green" bond market in Ukraine.
On July 10th, 2018 the Project "Improving energy efficiency and promoting renewable energy in agro-food and other small and medium enterprises (SMEs)" in cooperation with the State Agency on Energy Efficiency and Energy Saving of Ukraine will organize round table discussion on “Green Bonds as a mechanism for attracting investments in renewable energy and energy efficiency projects in Ukraine”.
The event is aimed to raise a discussion on the main ways of introducing of the green bond market in Ukraine and establishing a permanent dialogue with interested organizations in order to create an appropriate legal and regulatory framework.
Representatives of central executive authorities, banking institutions, enterprises, international financial organizations and international financial and technical assistance projects, non-governmental organizations and research institutions are invited to participate in the event.
The round table will be held in the building of the National Academy of Sciences of Ukraine at the address: Kyiv, Volodymyrska, str., 55 (3rd floor). Registration of participants according to the invitations starts at 9.30