The investment potential of Ukraine’s energy efficiency sector exceeds $27B.

This is currently the largest project in Europe for the qualitative reconstruction of communities and the economy based on modern world trends and technologies, explained the head of the State Energy Efficiency Agency, Hanna Zamazeyeva. In her opinion, investments in decarbonization and energy efficiency are not only business projects but investments in the development and competitiveness of enterprises.

On a national scale, together these projects will help:

1. to reduce annual direct losses, which amount to more than $1B in the country, due to low energy efficiency
2. to generate domestic revenues and economic growth
3. to create new jobs and attract innovation
4. to increase the energy security of both communities and the economy

Zamazeyeva added that, Ukraine is creating incentive tools to encourage investment. The incentives are the Decarbonization Fund and the Ukrainian National Decarbonization Platform – UANDP.

Meanwhile, as the Ministry of Energy at COP28 reported, international partners have assured Ukraine of their continued support for the energy sector in its recovery and reconstruction. An essential component of this process will be the participation of international financial institutions in attracting sustainable financing.