A Rada bill to impose a 3.2% excise tax on renewable energy producers “is a step in the wrong direction,

” Nefco, the Helsinki-based Nordic Environment Finance Corp. said in a statement released Wednesday at a solar and wind producers forum in Kyiv. “Fossil energy should be subject to a CO₂ tax.” After funding 421 MW of wind and solar projects in Ukraine, Nefco said it has frozen future funding because “the green tariff agreements [are] not being fulfilled.”