Boosting Ukraine's Decarbonisation and Energy Efficiency Transformation Fund: Developing a Sustainable Instrument for Financing Green Recovery

Abstract

This article explores the possibilities of reforming governance and improving the profitability of the Ukrainian Decarbonisation and Energy Efficiency Transformation Fund, which was established in 2023. The establishment of this fund has already marked an important milestone in the introduction of green financial instruments to ensure sustainable postwar recovery in Ukraine. At the same time, the mode of operation of the Fund can be further improved to enable a more efficient allocation of sources and a stable increase in profitability. The activity of similar funds in EU countries can serve as an essential benchmark for further reform activities in Ukraine. Moreover, the process should also acknowledge the specific postwar recovery needs of the country.