For the first time in history, Ukraine has its own pavilion at the annual UN climate conference. [a] Maxim Timchenko, CEO of DTEK, Ukraine’s largest private energy investor, said: energy monitor at COP27.
He argued that DTEK could achieve its 2040 climate neutrality goals and that war and its economic impact would provide an opportunity to ‘start from scratch’ in some industries, creating a ‘clean green steel’ business, for example. I’m sure
“I think there is good reason to say that by 2030, by 2035, the country will produce 100% clean energy,” Timchenko said in Sharm El Sheikh. “We will not change our goal of becoming climate neutral by 2040.”
Timchenko is similarly optimistic about the outlook for foreign direct investment (FDI). “We are still talking quite a lot with potential partners to build and invest in Ukraine,” he says. Talks are already underway to develop a “political-military risk insurance” for investments in Ukraine, he added. “I think so [the] A new Ukraine could be built with a very important role for the private sector. ”
Climate action beyond DTEK at COP27:
Reporter Nour Gantus (Week 1) and Senior Writer Dave Keating (Week 2) energy monitor GlobalData, the parent company.They offer the data-driven analytics you’ve come to expect energy monitor Video interviews with business leaders, policy makers and campaigners.We encourage you to come back to our site often energy monitor Home page for updates from the conference. You can also sign up for our free bi-weekly newsletter here.
Other recent COP27 coverage includes:
COP27: How Countries Compare Carbon Emissions and Pledges, Nick Ferris (7 Nov)
Opinion: COP27 will be held one year after COP26’s promises were not met.Es, by Nick Ferris (November 11)
COP27: Mattie Yeta, CGI’s Chief Sustainability Officer, on the first-ever ‘metaverse COP’ by Nour Ghantous (7 November)
COP27: International Labor Organization wants Just Transition to be ‘practically implemented’, by Nour Ghantous (9 November)
COP27: Alpine Group offers recycled textiles to combat climate, by Nour Ghantous (10 Nov)
COP27: Data science can strengthen climate actionby Nour Ghantous (November 11)
By Isabeau van Halm and Polly Bindman (9 Nov)
COP27 Spotlight: Climate Change Technology Financing Will Spike in 2022, by Eric Johansson (9 Nov)
Which Countries Are Already Net Zero?, Nick Ferris (October 25)
COP27: Managing Expectations, by Nour Ghantous (21 September)
