Foreign Direct Investment in Ukraine

 In the first nine months of 2014 Ukraine has lost 16.6% of all direct foreign investments raised to the economy from the date of independence. It accounts for USD 9.6 billion in monetary terms.  At the same time, we believe that the state has already passed the peak of investment losses. Read more >>>
Economy Watch

Producers of alternative fuels ask government to reduce tax pressure

In its  letter to the  government Ukrainian Association of Alternative Transport Fuel Producers asks do not increase excise tax, what may kill emerging industry. Recently created  biofuel production capacities are around 80 thousand tons per year, or just 2% of overall transport fuel market. Read more >>>
oilnews.com.ua

Russia says to supply coal, electricity to Ukraine

Russia plans to supply 500,000 tonnes of coal to Ukraine per month, according to Russian officials . It is ready to supply another 500,000 tonnes per month if an additional agreement is reached, he added. Ukraine's coal reserves stand at 1.5 million tonnes compared with normal winter stocks of 4-5 million.  Read more >>> 

Reuters

No definitive deal in Lima climate change talks

The 20th session of the United Nations Climate Change Conference mainly had a two-point agenda: to come up with a blueprint for a hopeful Paris Agreement next year and finalise the form and content of INDCs, or Intended Nationally Determined Contributions, to be submitted by early 2015. Put simply, on how much each country, rich or poor, is willing to reduce carbon emissions.
No definitive deal was clinched at the global climate change talks that concluded in Peru recently. There wasn’t supposed to be one. The Lima Call for Climate Action can at the very best be seen as a “statement of good intentions”.  Read more >>>
The Tribune

Ukraine’s economy needs Western help

Preventing economic collapse will require $15 billion in fresh assistance to Ukraine in 2015, on top of the $17 billion International Monetary Fund bailout arranged this year, according to the European Union. An IMF mission left Kiev on Friday without committing to the next payment in the previous bailout program, scheduled for January — much less the $7 billion to $8 billion in additional IMF capital Ukraine needs. Western governments have said additional support must be linked to a credible economic reform program. Read more >>>
The Washington Post
The Economic Times

Association Agreement should boost Ukraine's energy efficiency

By signing the Association Agreement, Ukraine obliged itself to converge with the higher European standards on energy efficiency and competition in the energy market. Fulfilling this obligation, Ukraine, currently the world’s least energy efficient economy, could get closer to the EU’s performance, one of the best in the world. In fact, this will mean the adoption of various European regulations aimed at increasing energy efficiency. Read more >>>
KyivPost

WB approves $378.4 million loan to Ukraine to upgrade power transmission system

World Bank’s loan is intended for the Second Power Transmission Project to improve the reliability of the power transmission system and support the implementation of the Wholesale Electricity Market in Ukraine. With this new project, the Bank is stepping up its support for the country’s energy sector reforms. Read more >>>
The World Bank 

One of the major power plants is shutdown because of shortage of coal

According to Ukrainian Ministry of Energy and Coal, blocking of  сoal supply from Donbass region by separatists is the main reason of shutdown of Trypilska thermal power plant near Kyiv. Another major  power plant near Kharkiv has fuel left only for few days of operation. Read more >>>
epravda.com.

American Chamber of Commerce in Ukraine presented paper "Reforms in Oil and Natural Gas Sector"

White paper was prepared recently by members of the Chamber's Committee on energy. Read more and download the paper >>>
UA-Energy

Gas in Ukraine

 Ukraine’s prime minister, Arseniy Yatsenyuk, says Ukraine’s independence is compromised by its energy dependence on Russia. Energy prices need to be raised to market levels, with subsidies only for the neediest. Energy conglomerates, including Naftogaz, must be broken up. Ukraine has to do this both to balance its budget and as a member of the European Energy Community treaty. Read more >>>
Economist

Can Nuclear Energy Save the World?

In 2014, the Intergovernmental Panel on Climate Change, a United Nations-based organization that is the leading international body for the assessment of climate risk, issued a desperate call for more non-emitting power sources. According to the IPCC, in order to mitigate climate change and meet growing energy demands, the world must aggressively expand its sources of renewable energy, and it must also build more than 400 new nuclear reactors in the next 20 years—a near-doubling of today’s global fleet of 435 reactors. Read more >>>
Newsweek

Lima Call for Climate Action Puts World on Track to Paris 2015

UNFCCC in its press release says that a new 2015 agreement on climate change, that will harness action by all nations, took a further important step forward in Lima following two weeks of negotiations by over 190 countries. The Intended Nationally Determined Contributions (INDCs) will form the foundation for climate action post 2020 when the new agreement is set to come into effect. Countries also made significant progress in elevating adaptation onto the same level as action to cut and curb emissions. Read more >>>
UNFCCC

Government proposed four new legislative acts to improve energy efficiency in Ukraine

Minister of regional development, construction and communal services informed parliament that heat losses in municipal heat supply systems are almost 50%.. He proposed draft Law on Energy Efficiency in Buildings. Three other energy efficiency related acts were submitted  to Ukrainian Parliament for consideration and approval. read more >>>
Eco Town

Kyiv Municipality conducted energy audit of residential buildings

Based on the results of audits Deputy Mayor says that about third of buildings are very energy wasteful. Installation of heat meters in each building  is one of the first steps towards saving energy. Read more >>>
UNIAN

Australia in talks to help Ukraine avoid energy crisis by exporting uranium and coal

Ukraine's president Petro Poroshenko is in Australia for a two day state visit. Prime Minister Tony Abbott has revealed Australia is in talks with Ukraine about the possibility of exporting Australian uranium and coal to the war-torn European country. Read more >>>
au.news.yahoo.com

Ukraine to raise prices, tariffs on energy to economically reasonable level

Ukraine will raise prices and tariffs for all kinds of energy to an economically reasonable level, Prime Minister Arseniy Yatseniuk has told at a government meeting. "Concerning subsidies in the energy sector, we are compelled to pay the real market price for energy resources. Otherwise, Naftogaz's deficit will remain above the national budget deficit forever." Read more >>>  Interfax-Ukraine.

IMF team visits Ukraine to assess its energy needs

The International Monetary Fund (IMF)  sends a team to Ukraine to determine how much extra aid the energy-starved country would need during the upcoming winter. Read more >>>
PRESSTV

Ukraine’s New Cabinet of Ministers Starts its Work

Ukraine’s new cabinet won approval last week to take office and must set to work fixing the economy and tackling a war. President Petro Poroshenko granted citizenship to three foreigners to let them take ministerial posts. The cabinet must now pass a 2015 budget to get $2.8 billion in International Monetary Fund aid. Read more >>>
Bloomberg

Ukrainian government brought the Regulation on State Agency on Energy Efficiency and Energy Saving of Ukraine into accordance with EU practices

Main idea behind approval of new Regulation is to meet Ukrainian commitments under EU-Ukraine Association Agreement regarding harmonization of national legislation and standards on energy efficiency with European. Read more >>>
http://saee.gov.ua/

Financial Times: The economic collapse of Ukraine must be halted

Ukraine is in the throes of a financial crisis that urgently demands a response from western governments. The security threat to the country may be the primary focus in the west, following Russia's seizure of Crimea and its military intervention in eastern Ukraine. But Vladimir Putin's military tactics seem primarily designed to fuel an economic meltdown which destabilises Kyiv. Western governments and the International Monetary Fund now need to act fast to bring Ukraine back from the brink of financial collapse. Read more >>>

KyivPost

Accident at nuclear power plant in Ukraine: Electricity crisis across country worsens

A minor accident occurred at Zaporozhskaya nuclear plant, the largest in Europe, last Friday, according to the facility’s website. A reactor was switched off and put to maintenance as a result.  Volodymyr Demchyshyn, the new energy minister, said that the fault posed no danger and the plant would return to running as normal on Friday. Read more >>>
Daily Mail

Austria Showcase in Kyiv: Energy Efficiency. Renewable Energy

On December 4th Advantage Austria Kyiv organizes a business workshop called “Austria Showcase Energy efficiency, Renewable energy”. Participants are invited to meet representatives of the Austrian companies  who will present their firms and products. Read more >>>

Will Lima climate talks pave way for a binding treaty in Paris in 2015?

When, on Monday morning in Peru, 4,000 diplomats from the world’s 196 countries start their  session to negotiate a new legally-binding global climate deal, they will know they have last chance to come to agreement  before Paris meeting  in a year’s time, when the deal is due to be signed. Read more >>>
The Guardian