Ukraine mulls issuing green bonds

Source: Xinhua| 2018-07-11 23:47:48|Editor: Mu Xuequan
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KIEV, July 11 (Xinhua) -- The Ukrainian authorities are considering a possibility of issuing green bonds to finance clean energy projects, Ukraine's State Agency for Energy Efficiency (SAEE) said in a statement on Wednesday.

"The introduction of green bonds in Ukraine will mobilize the necessary investments for implementation of projects in the field of energy efficiency and renewable energy," Sergiy Savchuk, head of the SAEE, was quoted as saying in the statement.

In the near time, the SAEE together with Ukrainian government representatives, international partners and experts will develop a roadmap for opening the green bonds market, the SAEE said.

According to it, the green bonds issuance would help Ukraine to increase the use of clean energy by more than two-fold to 11 percent of all domestic energy consumption by 2020.

By 2035, Ukraine targeted to increase the renewable part of the energy mix to 25 percent.

A green bond is an innovative financing instrument used globally to raise funds for environment-friendly projects.