At the UN COP29 International Climate Conference, Deputy Minister of Economy Andrii Telyupa presented the Ukrainian National Energy and Climate Plan (NECP), which was developed and approved in less than a year. The plan contains 140 specific measures and sets ambitious goals: reducing greenhouse gas emissions by 65% compared to 1990 by 2030 and achieving a 27% share from renewable energy sources in total energy consumption.
Telyupa also presented a large-scale investment portfolio designed to realize the NECP’s goals. It includes 260 projects worth about $50B and 140 state investment projects worth $28B. The first pilot projects will be presented at the Conference on the Reconstruction of Ukraine in 2025.
The deputy minister emphasized that the Ukrainian government is determined to rebuild the country according to the principle of “build back better than it was” and, therefore, is putting the circular economy and resource efficiency at the center of its industrial development strategy.