DIGITALIZATION-BASED INTEGRATION OF CLIMATE POLICIES OF UKRAINE AND THE EU
DOI:
https://doi.org/10.35774/jee2023.01.093Keywords:
Climate policy, climate-neutral economy, digitalization, Ukraine, the EU, CBAM, NDC2.Abstract
The article investigates the problem of climate policy integration between the European Union and Ukraine, taking into consideration the current targets of climate-resilient development and the possibilities for digitalization of the components of this process. The author performs a systematization of the modern programme documents and mechanisms that are fundamental to the implementation of climate policies in the EU and Ukraine. The author also highlights the innovations of the «Fit for 55» programme and identifies the EU’s climate policy targets for the coming decade. In particular, the author performs an analysis of the potential impact of the Carbon Border Adjustment Mechanism (CBAM) on Ukrainian producers. The findings of the study show that the existing pace of emissions reductions in line with Nationally Determined Contributions of Ukraine and the EU is insufficient to achieve the net-zero level of emissions and to build the climateneutral economy before the internationally adopted milestone years of 2030 and 2050. The author substantiates the need for climate policy intensification through imposition of stricter restrictions on GHG emissions, as well as determines the expediency of increasing Ukraine’s NDC2 from 65% to at least 72%, which would ensure the sufficient pace of climate strategy implementation that would align with the Paris Agreement. Digitalization in this article is viewed as a tool, a process and an enabling environment for acceleration of climate-friendly changes, as well as a factor of overcoming the barriers to integration between the climate policies of the EU and Ukraine.
JEL: F29, O14, O57
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Received: February 3, 2023.
Reviewed: February 5, 2023.
Accepted: February 11, 2023.
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