On June 20, Razom We Stand is organizing a high-profile side event on renewable energy in collaboration with the London Chamber of Commerce and Industry. The event will be accompanying the Ukraine Recovery Conference 2023, which is taking place on June 21-22 in London, and will focus on Ukraine's abundant renewable energy potential. The aim is to foster collaboration between Ukrainian and British businesses, particularly those in the finance, insurance, and corporate sectors, to forge partnerships and drive the success of renewable energy projects in Ukraine. The event will be held with the support of the London Chamber of Commerce and Industry (LCCI). At the event, Razom We Stand will present the report “Investing in Ukraine's Renewable Energy: The Key to Future Energy Security”.
The event will feature two engaging panel discussions, bringing together prominent participants actively involved in the renewable energy sector. Notable speakers include people’s deputy of Ukraine Andriy Zhupanyn, the author of draft law 9011-D, which focuses on the restoration and green transformation of Ukraine's energy system, and head of the State Agency for Energy Efficiency Anna Zamazeeva. At the event representatives from the European Bank for Reconstruction and Development, IEA and Energy Community Secretariat along with business associations and experts from renowned analytical centers Ember and Carbon Tracker, will share their insights on energy decarbonization in context of Ukraine’s economic recovery. A detailed program can be found here. Don't miss out - register to join an online audience and get the opportunity to ask questions to speakers.
“Investments in the post-war reconstruction of Ukraine should be directed towards creating green jobs, which will benefit the health and overall well-being of every Ukrainian. According to forecasts by the International Labour Organization (ILO) and the International Renewable Energy Agency (IRENA), the number of 'green' jobs in the global energy sector could increase from 12.7 million in 2021 to 139 million by 2030. This includes 38.2 million workers in the renewable energy sector. Under the 1.5°C scenario outlined in the Paris Agreement, over 74 million jobs will be involved in energy efficiency, electric vehicles, energy systems, and hydrogen. The government and businesses in Ukraine have the opportunity to determine their share of these jobs by introducing and implementing ambitious climate and energy policies,” says Svitlana Romanko, Founder and Director of Razom We Stand.
Ukraine possesses significant potential for the development of renewable energy. However, to fully harness it, it is crucial to establish partnerships with international business leaders in the area of renewable energy technologies, as well as with financial and insurance institutions.
“Currently, the UK stands as one of Ukraine's strongest allies in efforts to achieve victory over the aggressor and is ready to help in the green post-war recovery, with business playing a key role. Collaborating with British enterprises and adopting their expertise will enable Ukraine to get rid of its post-Soviet legacy of problems in industrial and energy sectors, ultimately fostering the necessary economic growth. That is precisely why the London Chamber of Commerce and Industry (LCCI) has agreed to collaborate with Razom We Stand in organizing this event,” highlights Ihor Bartkiv, Project Manager at the London Chamber of Commerce and Industry (LCCI).
“Ukraine has the potential to produce 30% of Europe's biomethane and possesses favorable conditions for the development of solar power plants. It also boasts one of the highest wind generation potentials, including offshore resources. With ambitions to increase the share of renewable energy in its overall energy mix to one third by 2030, Ukraine will need to construct 10 GW of new capacities, requiring a minimum of $10 billion in investments. We will discuss how to achieve this with relevant associations during our upcoming event in London. Our aim is to establish reliable partnerships that will support Ukraine in the successful implementation of these renewable energy projects,” explains Olha Yevstihnieieva, Advocacy Manager for Green Recovery of Ukraine.
According to the Bioenergy Association of Ukraine, the country can completely replace imported natural gas with its own biomethane and solid biofuels by 2030, with volumes of up to 10 billion cubic meters per year. By 2050, this capacity could even reach 26 billion cubic meters, equivalent to the domestic consumption in 2021. The Ukrainian Wind Energy Association projects that electricity production from wind energy can be increased to 18.5 TWh by 2030. This can be achieved through deployment of more powerful turbines and the construction of 5.4 GW of onshore wind farms. Furthermore, offshore wind farms are estimated to contribute 1 TWh of electricity in 2030, with an installed capacity of 300 MW. Further insights into the renewable energy potential in Ukraine will be provided by the event organizers in the new report titled “Investing in Ukraine's Renewable Energy: The Key to Future Energy Security.”
Press contact:
Jason Kirkpatrick, Senior Communication Manager of Razom We Stand jason@razomwestand.org
