Board members of CU "Global 100RE Ukraine" held a press conference on the current situation in the renewable energy sector (RES) and potential legislative changes in the sector's support system. Participants: Georgiy Geletukha, Ruslana Lyzhychko, Oleksandr Dombovskyi, Andrey Konechenkov, Alexander Repkin, Artem Siemenishin, Alexey Korchmit, Lyudmila Tsyganok, Ivan Leftorov. 

Participants expressed deep concern about the provisions of draft Law No. 2236-2.

"Retrospective changes to the legislation that worsen the conditions of renewable energy development and limit investors' rights are inadmissible".
"Short-term decisions can lead to the termination of existing green energy investment projects, reputational losses and the formation of a negative image of Ukraine for existing and potential investors, disrupt the transition to green auctions and completely halt the development of the sector".

The relevant open letter was sent to the Ministry of Energy and the Environment of Ukraine and the Verkhovna Rada Committee on Energy and Public Utilities.

Oleksandr Dombrovskyi. Presentation from a press conference on the current situation in the RES sector and potential legislative changes in the sector's support system (in Ukrainian)

Full text of UABio letter requesting further elaboration of draft Law No. 2236-2 (in Ukrainian)
"How to act in this situation to investors who have believed in Ukraine and have already invested their capital: the only way out for them is a long lawsuit that will provoke a further increase in the value of international capital for Ukraine, which will again have a negative impact on the Ukrainian economy".

"We are amazed at the lack of dialogue and attempts to find a real mutually acceptable solution. Authorities did not provide quantitative justifications and calculations that confirm the committee's position, but instead proposed a draft Law that really threatens the development of renewable energy and the country as a whole".

 

"Reducing greenhouse gas emissions, ending subsidies for the dirty energy industry, switching to renewable energy are key measures to tackle the current climate crisis. This was the topic at the UN Climate Summit in New York in September 2019.
It is also the only way to gain Ukraine's energy independence. Our country imports coal, gas, fuel from nuclear power plants from abroad, so the development of green generation that does not require energy imports is to strengthen the state's energy security without harming the environment".

Video broadcast of the press conference (in Ukrainian)