| October 2023

Preliminary Financial Study

Roadmap for a climate-neutral, sustainable Ukrainian energy sector and its role in an integrated EU energy market.
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Abstract

The post-war rebuilding of Ukraine’s energy sector is a critical task requiring substantial finance and meticulous planning. To secure the necessary funds, a comprehensive financial plan is essential to assess available mechanisms and determine optimal implementation options. This study aims to identify effective financial mechanisms, evaluate funding sources, assess risks and benefits, and address unique challenges faced by Ukraine. Barriers to financing are identified, and strategies developed to overcome them with the support of international organizations and stakeholders. These findings provide inputs to a comprehensive financial plan that adheres to legal requirements and international practices.

This publication is part of a triptych of preliminary studies – technical, financial, and legal – that make up the first stage of the Ukraine Energy Roadmap offered by the Europe-Ukraine Energy Transition Hub. A fourth text presenting the joint conclusions and recommendations from the three studies is published in parallel.

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Further information

Suggested citation:
IKEM: Preliminary Financial Study. Roadmap for a climate-neutral, sustainable Ukrainian energy sector and its role in an integrated EU energy market. 2023.
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IKEM and EUETH will be hosting a series of side events at this year’s climate negotiations to discuss the energy-climate-defense nexus, the reconstruction of Ukraine’s energy system, and nature-based solutions for climate mitigation.