The new Nefco Green Recovery Programme for Ukraine aims to pave the way for a greener recovery for the war-damaged Ukraine. Through various initiatives, the programme will provide financial and technical assistance to municipalities to conduct repairs and rebuild in an environmentally sound way and support them in accommodating internally displaced people and designing Local Green Recovery Plans with Nordic support and competence.
Why is it needed?
During the Russian invasion, severe damage has been caused to people, infrastructure and the environment in Ukraine. In addition to immediate basic humanitarian assistance, Ukraine needs significant reconstruction and financial development support over several years to overcome the destruction caused by the war. Local governments will need skills development support to be capable of planning environmentally sustainable recovery in a manner that catalyses reduced dependence on fossil fuels and cuts harmful pollution while appropriately harnessing opportunities for renewable energy, energy efficiency and modern, clean technology solutions.
The objective of the Nefco Green Recovery Programme for Ukraine is to support the green economy and transition in Ukraine’s recovery process. The aim is to enhance and finance projects focused on rebuilding infrastructure at the municipal level to ensure that Ukraine is built back greener and better.
What makes the programme green?
The reconstruction offers Ukraine an opportunity to leapfrog technologically. The most obvious possibility is to create a carbon-free economy, both as a way to coordinate on investments for the future, but also to show how to reduce reliance on fossil fuels as much as possible. Ukraine is prepared to reform the country, to focus on a green, circular economy, get rid of fossil fuel dependence and take European standards into use.
The programme will be fully aligned with the 1.5 degree-objective of the Paris Agreement. The recovery will be geared toward a green transition and transformation of economy and society, supporting cities to be rebuilt based on environmental assessment and impact, using modern solutions.
Activities will be subject to Nefco’s rules and policies, including Nefco’s Environmental and Sustainability Policy and Guidelines and requirements under the EU Pillar Assessment. To catalyse further sustainability impacts, municipalities will be able to receive technical support in developing environmental needs assessments.
How will the programme work?
The Nefco Green Recovery Programme for Ukraine aims to work long term towards a green recovery in Ukraine together with Nordic, European and multinational contributors and institutions. It will work directly with municipalities and help them to plan and finance sustainable recovery from the damage caused by the Russian military invasion of Ukraine.
The programme may comprise individual initiatives from various contributors. Contributions for existing facilities and initiatives managed by Nefco can be repurposed towards the new programme given the urgent need for recovery and supplemented by new initiatives and contributions. The programme will be available on an ongoing basis and provide financial and technical assistance to municipalities for various repair and rebuilding projects to be executed in an environmentally sound way and support them in designing Local Green Recovery Plans.
Discussions with a number of initial contributors are ongoing. The aim is to initiate project preparations and commence implementation of the first set of projects before the end of 2022.
“The level of critical infrastructure damage caused by the military invasion is tremendous. There is an urgent need for support to small and medium-sized municipalities for rebuilding Ukraine. We believe Nefco has the necessary experience in reconstruction and modernisation and greatly appreciate its help.”
Mr Oleksiy Chernyshov, Minister for Communities and Territorial Development of Ukraine.