Ukraine Energy Support Fund: October achievements and impact
In October 2024, the Ukraine Energy Support Fund (UESF) received substantial contributions amounting to a toal of EUR 191.6 million, with generous donations from the European Union, KfW on behalf of the German Federal Ministry of Economic Affairs and Climate Action, and private sector partners.
Read moreEnergy Community Secretariat assesses Ukraine’s draft Oil Reserves Resolution
Read moreSweden’s SEK 500 million / EUR 45 million contribution to Ukraine Energy Support Fund powers future energy stability
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Published 21 October 2024
Author Energy Community Secretariat
In the
Spotlight
The 2022 Energy Community Ministerial Council adopted 2030 energy and climate targets to reduce primary and final energy consumption, accelerate the uptake of renewables and reduce greenhouse gas emissions to achieve climate neutrality by 2050. The Ministers agreed to national renewables targets that amount to an overall Energy Community target of 31.0% of energy from renewable sources in gross final energy consumption by 2030. To boost energy efficiency and energy savings, they agreed to cap the amount of primary energy consumption at 129.88 Mtoe and the amount of final energy consumption at 79.06 Mtoe at the level of the Energy Community. They also agreed to cap the total greenhouse gas emissions for the Energy Community at 427.64 million metric tons of carbon dioxide equivalent by 2030, which represents a decrease of 60.9% below 1990 levels.
A year earlier, the ministers adopted five key legislative acts stemming from the EU’s Clean energy for all Europeans package. The acts were further adapted with the 2022 decisions.
Read moreIn order to be considered “just” and “inclusive”, energy transition processes need to ensure fairness via equal distribution, full recognition of rights and labour contributions, equal participation in decision-making procedures, and equal capabilities in renewable energy outcomes. This is why it is crucial to conceive a “just energy transition” NOT as a fixed set of rules, but rather as a vision, a process based on dialogue and an agenda for a participatory framework that prioritizes the needs and concerns of local residents, particularly vulnerable stakeholders.
The Energy Community Secretariat manages four interlinked projects, which together represent the key dimensions of the Just Transition Initiative.
Read moreThe EU4Energy Programme Phase II was launched by the European Union, as part of its Regional Action Programme – East. The action builds on the work of the EU4Energy Programme Phase I and the lessons learnt from it.
The new phase spans between 2021 and 2026. The objective of EU4Energy Project Phase II is to foster the clean energy transition and decarbonisation in Georgia, Moldova and Ukraine and to contribute to the post 2020 Eastern Partnership architecture. These countries have already signed Association Agreements, including a Deep and Comprehensive Free Trade Area (DCFTA), with the EU in the energy sector and they have a status of Contracting Parties within the scope of the Energy Community Treaty. The action will provide support through evidence-based energy policy design and through a transposition and implementation of the Energy Community acquis / DCFTA / EU best practice legal framework.
Read moreThe Secretariat’s Dispute Resolution and Negotiation Centre provides high-quality services in negotiation and mediation of investor-state disputes and offers negotiation support to national authorities in their negotiations with private parties. The Centre also facilitates the swift closure of dispute settlement cases under the Energy Community Treaty via tailor-made negotiation and mediation facilities.
A group of experienced negotiators covering a wide-range of expertise supports the work of the Centre.
Read moreLatest
Implementation
Updates
Serbia
on 29 November 2024
Energy Community Secretariat published Opinion 3/24 on the unbundling of Transportgas Srbija.
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Serbia
on 18 November 2024
First greenhouse gas (GHG) emission permits were issued by Republic of Serbia.
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Ukraine
on 8 October 2024
Ukraine adopts a law on state climate policy, embedding its 2050 climate neutrality target into national legislation, including 2030 GHG emission targets.
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Montenegro
on 17 August 2024
Montenegro adopts a new Renewable Energy Law that aligns with the EU’s Renewable Energy Directive.
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Georgia
on 27 June 2024
Parliament of Georgia officially approves State’s Energy Policy (NEP) and its annex on National Energy and Climate Plan (NECP).
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Ukraine
on 25 June 2024
The Cabinet of Ministers of Ukraine approves the National Energy and Climate Plan (NECP) for the period up to 2030.
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