The funds will be used in four priority areas, Minister of Ecology and Natural Resources Ostap Semerak said.
“The Ministry of Ecology and Natural Resources has successfully completed a negotiation process with the German Federal Ministry on the provision of assistance in the amount of EUR 35 million. This is a great achievement and a challenge for the entire environmental community of Ukraine, which will direct the economy towards green growth,” Semerak said.
The projects to be financed should focus on the implementation of the Paris Agreement and include the aspect of international cooperation in the context of combating climate change in the Black Sea area and promoting the development of renewable energy, including the use of biomass energy to replace fossil energy sources.
The Ministry reminded that bilateral cooperation between Ukraine and Germany in the framework of the International Climate Initiative had begun in 2008. During this period, Ukraine has become one of the partners of the initiative, launching 14 projects, ten of which with a total budget of EUR 19 million "have been already completed successfully."
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