The Parliament passed the Law on greenhouse gas emissions monitoring

On Thursday evening, 12 December, Ukraine’s Parliament passed the Law No. 0875 on the fundamentals of monitoring, reporting and verification of greenhouse gas emissions.

335 MPs voted for the Law, 2 abstained, 39 did not vote. This is the first stage of introducing the greenhouse gas emission allowance trading in Ukraine.

The system of monitoring, reporting and verification of СО2 emissions should be launched on 1 January 2021.

“The adoption of the draft law will be the first stage of introducing the greenhouse gas emission allowance trading in Ukraine,” explains Svitlana Grynchuk, Director of the Department for Climate Change and Ozone Layer Preservation, Ministry of Energy and Environmental Protection.

In June 2020, the Ministry is going to finalize and adopt a regulatory framework for emissions monitoring. Companies will be able to commence monitoring on 1 January 2021.

They will have to present their first monitoring reports for 2021 by 31 March 2022. Companies will have three months for verification and reporting.

The Ukrainian Parliament believes that the system will in general offer specific economic stimuli to reduce greenhouse gas emissions.

Establishing national trading schemes for greenhouse gas emission allowances has been provided for by Directive 2003/87/EC. Ukraine has been consistently implementing this Directive in accordance with the EU-Ukraine Association Agreement.

Share
Published by
Aleksandr
Tags: Ukraine environment СО2 legislation greenhouse gas emissions
  • Companies

Arvedi Group raises €900 million to expand production and decarbonize

Italian steel company Arvedi Group has raised €900 million in financing to implement a large-scale…

Friday June 27, 2025
  • Global Market

Domestic demand for steel in China continues to fall

Domestic demand for steel in China, according to market participants' estimates, continued to fall in…

Friday June 27, 2025
  • Industry

Construction works performed in Ukraine in January-April fell by 13% y/y

The index of construction work performed in Ukraine in January-April 2025 decreased by 13% compared…

Friday June 27, 2025
  • Global Market

Emissions in China’s steel industry sector rose by 17.9% y/y in May

In May 2025, Chinese steel enterprises belonging to the CISA industry association increased their total…

Friday June 27, 2025
  • Industry

The European Commission has adopted a new state aid system for clean industry

On June 25, the European Commission adopted a new state aid system to support the…

Friday June 27, 2025
  • Industry

Ukraine reduced iron ore exports by 13% y/y in January-May

Ukraine's mining industry reduced iron ore exports by 12.8% year-on-year in January-May 2025 compared to…

Friday June 27, 2025