Access to Private Finance for Green Investments

Energy Efficiency and Renewable Energy Financing in Ukraine

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This report provides a case study for the development of sustainable energy lending in Ukraine. It reviews the macro-economic and political context for green investments in Ukraine, before looking in more detail at the role and capacity of the banking sector. The study is part of a wider OECD project promoting access to private finance for green investments in the EU Eastern Partnership (EaP) countries, and follows on from a regional assessment undertaken in 2015. This work forms part of the “Greening Economies in the European Union’s Eastern Neighbourhood” (EaP GREEN) programme, which aims to support the six Eastern Partnership countries to move towards a green economy by decoupling economic growth from environmental degradation and resource depletion.

English Ukrainian


Executive summary

Despite the political and economic difficulties that Ukraine has faced in recent years, its government has been able to articulate new and ambitious policy goals. The reform agenda has been largely focused on deregulation, decentralisation privatisation, strengthening the financial markets. Ukraine has also made important efforts to modernise and reform its energy sector and related markets. Energy efficiency and the development of renewable energy sources in Ukraine have become a matter of energy sovereignty and the country’s wider security.


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