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Ukraine to get $315,000 under World Bank Partnership program
Journal Staff Report

KIEV, Nov. 2 – Ukraine will obtain $315,000 under the World Bank's Partnership for Market Readiness (PMR) for the first phase of the introduction of a carbon market, the Environmental (Green) Investments Fund LLC reported.

The decision was made by the PMR assembly at a meeting held on October 27-28.

The funds are the first tranche of grant aid, the total amount of which could reach some $5 million. Ukraine is to draw up a feasibility study to realize the basic phase of the carbon market's introduction.

The study will contain a description of available resources, the specifics of the Ukrainian greenhouse gas emission registration system and proposals to improve it.




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