implementation of energy efficiency measures triggered growth of the economies
of Eastern Europe. Energy efficiency and management has to become a growing
point of the Ukrainian economy.
Minister, Minister of Regional Development, Construction, Housing and Utilities
of Ukraine Hennadii Zubko said in his speech
during Energy Policy Talks in Kyiv.
which is now at the stage of active implementation of energy efficiency
projects, opens for its European partners the perspectives and ways of
investing in a market worth 55 billion Euro",
said Hennadii Zubko.
According to the
Vice Prime Minister of Ukraine, the annual market potential can reach almost EUR2
billion, thus creating up to 100 thousand jobs.
"Our state is building a transparent and clear energy efficiency
strategy for investments legislatively supporting it. The endorsed law on energy
service companies encourages budget institutions to introduce energy efficiency
measures and raise interest of investors. In addition, there was approved a law
on shared ownership of the housing sector", said the Vice Prime Minister
According to Hennadii
Zubko, Ukraine jointly with German Government has
already made the first step towards the establishment of a new energy
efficiency market by drafting a concept of Fund for Energy Efficiency,
scheduled to launch in 2016.
"Today, the EU is actively engaged in the creation of a model of Fund
for Energy Efficiency. This is the Fund, capable to operate effectively and to
motivate investing by Ukrainians and foreign companies, banks as well”, said
the official. The abovementioned model will enable to save subsidies provided
by the Government to reimburse the cost of housing and communal services. This financial
resource can be transferred to the Fund and utilized for energy efficiency
"Ukraine relies on European investments to support the production of alternative energy sources. We are interested to expand cooperation with enterprises using advanced scientific and technical solutions to produce materials to substitute for natural gas", explained Hennadii Zubko.
The official assured that Ukraine is ready
to become a production
and logistics center for entering the
markets of other countries, like Eastern Europe and Asia.