Access to international climate finance instruments in Ukraine

On behalf of the German Ministry for the Environment (BMUB), adelphi drafted a study on Ukraine’s possible entry points to international climate finance, with a focus on emerging instruments for crediting and trading emission reduction units as currently discussed under the United Framework Convention on Climate Change (UNFCCC). The paper looked at the future and reform of Joint Implementation (JI), a crediting mechanism that Ukraine had benefited from in the past, also examining sectoral crediting and trading under a New Market-based Mechanism (NMM), and the overall framework that as was under discussion to enable comparability and eventual linking of crediting mechanisms and emerging emission trading systems around the world, namely the Framework for Various Approaches (FVA). The study also assessed Ukraine’s access to existing and future multilateral funds for climate finance and highlighted funds with a high leverage factor for private finance.