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Ukraine, U.S. enhancing bilateral energy and climate cooperation – joint statement of energy authorities
KYIV. Sept 2 (Interfax-Ukraine) – Ukraine and the United States intend to work to enhance good corporate governance at Ukraine’s energy sector state-owned enterprises, to ensure the independence of the energy regulator, to decarbonize Ukraine’s economy and ensure its energy security and export potential, according to a joint statement by and between the United States Department of Energy and the Ministry of Energy of Ukraine on enhancing bilateral energy and climate cooperation.
The documents was signed on September 1, 2021 as part of the visit of Ukrainian President Volodymyr Zelensky to the United States.
According to the statement, the Participants intend to deepen and intensify their Strategic Energy and Climate Dialogue (SECD), first launched in 2018 as the Strategic Energy Dialogue.
Within the framework of the SECD, the Participants intend to work to enhance good corporate governance at Ukraine’s energy sector state-owned enterprises, including through the recruitment of international independent supervisory boards staffed by subject matter experts.
The Participants intend to work to ensure the independence of the energy regulator and to assist Ukraine in developing more competitive and transparent energy markets, including through market-based pricing.
The Participants intend to work to decarbonize Ukraine’s economy and ensure its energy security and export potential by developing and implementing a comprehensive energy sector plan, one that provides for mutually beneficial cooperation in nuclear energy, solar and wind energy, hydrogen, energy storage, Carbon Capture Utilization and Storage (CCUS), cyber and physical security, and other supply and demand-side technologies.
The Participants intend to coordinate with and involve other Departments of the United States Government and Ministries of the Government of Ukraine, as appropriate, and to coordinate with other members of the international donor community to avoid duplication of effort and take maximum advantage of assistance already underway.
The Participants intend to work to advance Ukraine’s efforts to achieve greater integration with the European Union, including through modernization and construction of key energy infrastructure.
To advance these strategic goals and expand bilateral cooperation, the Participants intend to hold the inaugural meeting of the Strategic Energy and Climate Dialogue in the coming months.
