Friday, December 11, 2009

Ukraine and Kyoto protocol

500 NGOs at UN Conference on climate change think Ukraine is occupying the most destrucitve position of all countries in the world. Ukraine got the title of the Fossil of the Day, a title that is presented for the most destructive approach to negotiations on the climate change, according to reps of 192 countries.

Ukraine would like to cut CO2 emissions by 2020 by 20%, which means the raise of the emission level by 75% compared to 1990. In order to be honest UR must notice that Ukraine has cut its emissions massively during the times of economic recession in the 1990s. Therefore, restoring emission levels just means restoration of Ukraine's economy, which suffered a major collapse after the fUSSR break-up. However, Ukraine's position during negotiations could be much better justified by its negotiators, who even fail to show up in the room of Copenhagen conference.

Another related story is how Ukraine spends its Kyoto protocol money that it currently gets from Japan for the sale of the country's emission quota. The money that it gets should be spend for investments that diminish CO2 emissions, however, these investments are currently just not happening with the Japanese money sitting in dedicated Treasury accounts. Hopefully, Ukraine is not caught spending these money on financing budget deficit. Should it be so it will completely disqualify itself from climate change process.

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