Tuesday, January 26, 2016

Kyoto Protocol funding laundering

At the end of the March Ukraine will have to submit a report about spending of EUR100 million, provided by Government of Japan for implementation of carbon emission reduction projects under Kyoto Protocol. However, according to Economic Pravda, Ukrainian Government is facing problems with proof that money were spent according to intergovernmental agreement.
There were number of corruption scandals covered in media and related to illegal utilization of Kyoto Protocol funding.
Recently government issued a resolution which states that Ukraine have used just 43% of its Kyoto Protocol quota for greenhouse gas emission in 2008-2012.