Improving the Incentive Framework and Capacity for Green, Climate-related Investments in Eastern Partnership Countries and Central Asia

The potential for green investments and innovations is still largely untapped in the partner countries in Eastern Europe, the Caucasus and Central Asia. One of the main reasons behind this is the lack of regulations and market incentives. The project supports investment-enhancing reforms for climate-friendly economic activities and infrastructure measures, both public and private. To this end, it analyses investment, corporate and environmental strategies aimed at deriving political recommendations for action at national and international levels. The focus here is on small and medium-sized enterprises and private commercial banks. The project is also working on knowledge transfer to ensure that the countries in the region make the best possible use of the international climate financing mechanisms. Supported by the OECD, the project also introduces effective approaches to regional strategy dialogues at national level, disseminating experiences and success models. The project is part of the IKI Corona Response Package.

In Ukraine, an analysis of the reform of the system of environmental taxes and charges is being carried out. Completion is expected in the third quarter of 2022, subject to changes due to the conflict.
Ukraine was selected as one of 10 countries to participate in the OECD’s large-scale, nationally representative survey designed to gauge public acceptance of climate change Understanding Policy.