About Us
Helping Ukraine become energy efficient and energy independent
The Joint Stock Company “Ukrainian Decarbonization Fund” was established in 2012. Since January 24, 2024, 100% of its shares have been owned by the State, represented by the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE).
Our purpose:
To promote the implementation of energy efficiency measures
To develop the energy service (ESCO) mechanism
To increase the use of renewable energy sources and alternative fuels
To reduce carbon emissions
To introduce financial and credit instruments exclusively in the field of energy efficiency
Our Mission
To serve as a leading instrument for implementing Ukraine’s strategies in energy efficiency and decarbonization.
Our Values
We are committed to the European principle “Energy Efficiency First” and adhere to the principles enshrined in the European Green Deal.
Our Vision
To become a driving catalyst for change in implementing government programs by providing financing to businesses and local self-government authorities.
To combine public and private financial resources to achieve national goals.
We ensure effective management of public funds directed toward energy efficiency projects, the development of renewable energy sources, and alternative fuels.
Decarbonization and Energy Efficiency Transformation Fund
Funded by the Joint Stock Company “Ukrainian Decarbonization Fund” through the special fund of the State Budget of Ukraine — the Decarbonization and Energy Efficiency Transformation Fund.
Amendments to the Budget Code of Ukraine, effective from January 1, 2024, established the Decarbonization and Energy Efficiency Transformation Fund of Ukraine.
Its main sources of financing include:
● the environmental tax on carbon dioxide emissions from stationary installations;
● state borrowings aimed at supporting energy efficiency and reducing carbon emissions.
Purpose of the Fund’s resources
Financing state programs in the field of energy efficiency and renewable energy development.
Providing compensation under loan and leasing agreements concluded for the implementation of energy efficiency measures, energy service projects, and renewable energy initiatives.Legislative Guarantees
Ukraine has secured a reliable, legally protected source of funding for energy efficiency programs, CO₂ reduction, and renewable energy development.
The “polluter pays” principle has been introduced, ensuring that the Fund is financed through the environmental tax on CO₂ emissions, primarily paid by large industrial enterprises.Goals and Prospects
The Fund’s resources will be directed toward the development of renewable energy, alternative fuels, and greenhouse gas reduction measures.
It also provides for the attraction of international loans and grants to support new technologies, emission reduction, and thermal modernization of buildings and social infrastructure.Projected results by 2030
According to the National Energy Efficiency Action Plan, final energy consumption is expected to decrease by 17%, and CO₂ emissions by 65% compared to 1990 levels — as outlined in Ukraine’s Updated Nationally Determined Contribution under the Paris Agreement.