Legal Alliance partner Aleksei Bezhevets visited conference “Kyoto Protocol: Way to Attract Investments into Ukrainian Industrial Companies Upgrade”

Aleksei Bezhevets, partner of Legal Alliance Law Firm, attended conference “Kyoto Protocol: Way to Attract Investments into Ukrainian Industrial Companies Upgrade” that took place at AKKO International Exposition Centre on March 27.

The conference, whose subject is becoming increasingly topical for Ukrainian industrial companies and providers of services in support of environmental investments aimed to curtail greenhouse gas emissions in accordance with the Kyoto Protocol to the United Nations Framework Convention on Climate Change, attracted over 70 participants.

Presenters at the conference included specialists for international and Ukrainian organisations and companies having experience in implementing Kyoto mechanisms.

Reports dwelled on use of Kyoto tools as an extra source of investments into upgrade of energy-intensive productions and a way to sell Ukrainian emission reduction units, presented EBRD experience in funding energy efficiency programmes and tools used by the World Bank to implement projects in climate change.  Legal section of the conference concentrated on tax aspects of joint implementation projects and legal particularities of their determination and verification.  

Participants focused on prospects of application of Kyoto mechanisms at Ukrainian industrial enterprises.

According to Mr Bezhevets, amid economy hurdles and acute shortage of operating assets implementation of mechanisms provided in the Kyoto Protocol becomes a realistic opportunity to attract substantial foreign investments into Ukrainian companies. Practical examples of successful projects prove excellent perspectives of this activity.