Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ukraine capable of becoming key EU partner for decarbonization – Zelenskyy

Ukraine capable of becoming key EU partner for decarbonization – Zelenskyy

When Ukraine restores its territorial integrity and guarantees reliable peace, it will become a source of new global development, Ukrainian President Volodymyr Zelenskyy said Thursday, speaking via video link at the Bloomberg New Economy Forum conference, Interfax reports.

“Ukraine is capable of replacing fossil fuels from Russia with ‘clean’ energy. We have huge potential in low-carbon energy. Ukraine is capable of becoming a key partner of the European Union for decarbonization,” Zelenskyy said.

He added that Ukraine “will become one of the main suppliers of ‘green’ hydrogen and ‘green’ electricity in the EU. Ukraine’s climatic conditions, free areas, solar energy, and wind energy make it possible to produce ‘green’ electricity at a very competitive cost. Only in three years before the Russian invasion, we built seven gigawatts of renewable energy. The potential is many times greater.”

“Plus, Ukraine can produce tens of millions of tons of green and cheap ammonia. Plus the strongest positions in bioenergy. Plus powerful nuclear power and energy infrastructure integrated with the energy network of the European Union,” he added.

Acknowledging the large losses of Ukraine’s energy sector as a result of missile strikes, Zelensky noted that “this only means that the recovery will be large-scale. I invite your countries and companies to already assess the prospects and join our recovery.”

He thanked Andrew Forrest for the decision of one of the largest Australian private investment groups, which undertook to invest the first $500 million specifically in the initiative for the “green” growth of Ukraine within the framework of the creation of the $25 billion Fund.

Zelensky noted that “the modern economy needs lithium, graphite and other rare earth metals,” and “for some of these resources, we have the largest reserves in Europe.”

“These are already colossal opportunities. Plus production and transport opportunities, plus our potential in mechanical engineering, our work culture and access to the world’s leading markets – this is the basis for the economic growth that everyone so desperately needs,” he said.

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Stay informed with Kompreno.
    • Get quality journalism from across Europe.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!