Energy

The EU’s ‘Carbon Border Tax,’ due to be adopted next month, threatens Ukraine’s industrial and energy status quo,

Friday, June 11, 2021

speaker after speaker warned yesterday at the European-Ukrainian Energy Day forum in Kyiv. “Electricity trading cross the border may no longer bring in funds for needed investments,” warned Mats Lundin, chairman of the EU Energy Agency. “Steel exports may no longer be a viable business for the large Ukrainian industries that we have learnt to rely on for job opportunities and tax revenues.”

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Ukraine has set ambitious CO2 reduction targets, but “the bulk of the work will fall on the period after 2030,

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All of Ukraine’s reactors are of Soviet design and 12 were built during the Soviet era, in the 1980s.

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