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UN made a decision to suspend emissions trading in Ukraine
Thursday, 13 October 2011 12:10
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On October 12, 2011 UN Compliance Committee made the final decision to suspend the Kyoto flexible mechanisms for Ukraine. This applies to the emissions trading and joint implementation.

The reason for this decision - the lack of accounting of greenhouse gases Ukraine according to the international requirements. According to the expert decision, the system for recording emissions and removals of greenhouse gases in Ukraine is not sufficiently transparent, consistent, complete and accurate. Among the main deficiencies: the lack of energy balance of Ukraine, accounting system for forests, confidentiality of data in many industrial processes.

This decision mostly will affect owners of joint implementation projects that have been registered under the national procedure (Track 1).

Flexible mechanisms will start operation after Ukraine makes an improvement according to the remarks of the UN experts.

Environmental NGOs expressed hopes for the improvements of the existing deficiencies because of the sanctions applied.

Press-release prepared by:

Kristina Rudnycka

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Iryna Stavchuk

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+38 044 353 78 42

National Environmental Center of Ukraine