During the ongoing COP28 in Dubai, the G7 Plus nations, in conjunction with Ukraine, have jointly unveiled an expansive Clean Energy Partnership. The comprehensive initiative is aimed at facilitating the sustainable rebuilding of Ukraine’s energy infrastructure, as revealed in a statement presented at the global summit and reported by Reuters.
The consortium’s joint statement not only affirmed the collective commitment to Ukraine’s energy resurgence but also reiterated their unequivocal condemnation of Russia’s relentless attacks on Ukraine’s energy infrastructure.
The G7+, along with international organizations and the Ukrainian government, vowed to continue extending significant emergency assistance to repair and stabilize the energy grid, with over €300 million in funding allocated to the Ukraine Energy Support Fund.
Additional support includes the provision of high-voltage autotransformers and mobile gas turbine generators.
Emphasizing the relentless commitment to Ukraine’s recovery, the group highlighted the formation of the Clean Energy Partnership, envisioned as a comprehensive forum integrating bilateral donors, key international organizations, financial institutions, and private sector entities.
This partnership materialized following the Ukraine Recovery Conference in London, designed to bolster sustainable recovery and reconstruction within Ukraine’s energy sector.
The collaboration includes an array of partners, including the World Bank Group’s International Finance Corporation, the UN Global Compact’s Ukraine Energy Initiative, and the International Renewable Energy Agency (IRENA), collectively aiming to catalyze Ukraine’s transition to a sustainable energy future.
With a focus on Ukraine’s integration with European energy markets and climate policies, the Clean Energy Partnership underscores a steadfast commitment to assisting Ukraine in building a resilient, decentralized, and intelligent energy system in alignment with a Net Zero future.
The partnership amplifies efforts to support critical reforms essential for Ukraine’s energy sector.
