The EBRD Board of Directors has approved a new strategy for Ukraine which sets out the Bank’s priorities in the country for the next five years. The EBRD will pay special attention to projects that will integrate investment and policy engagement in areas such as privatisation, energy security and efficiency, the financial sector, trade and infrastructure.
Karmenu Vella, European Commissioner for Environment, Fisheries and Maritime Affairs said: “Our cooperation on environment with the Eastern Partner countries is stronger than ever. We have seen numerous actions implemented as well as progress in environmental legislation. Further work on the implementation of new legislation, on mainstreaming environmental principles and the principles of a circular economy into other policy areas is still needed, and I am confident that EU assistance in this area will contribute to achieving tangible results.”
“The EU has been at the forefront of addressing the root causes of climate change and strengthening a concerted global response to it in the framework of the Paris Agreement. Today’s report is a remarkable endeavour of scientists to inform policy-makers worldwide and society at large. EU-funded research provided indispensable input to this undertaking. We would like to thank the scientists for their outstanding work in delivering this timely report.”
Electricity will help play a central role in helping the European Union meet its energy and climate goals towards a low-carbon European economy by 2050. Electrification is the most direct, effective and efficient way of reaching the decarbonisation objectives. This makes the electricity network the backbone of the future energy system. What needs to be done to future-proof the EU electricity network that enables Europeans to enjoy clean, secure and affordable electricity?