Ukraine’s ambition to achieve carbon neutrality by 2050 and integrate with the EU Green Deal requires a coherent and credible carbon-market framework. Well-designed carbon markets can unlock additional private finance for climate mitigation and recovery, support the just transition of affected regions, and strengthen Ukraine’s credibility under the Paris Agreement. This practical guide sets out how the Ukrainian government can ensure that its emerging carbon market is net-zero aligned, following the six-pillar framework of the Oxford Roadmap to Net-Zero Aligned Carbon Market Regulation and reflects the Oxford Principles for Responsible Engagement with Article 6.
It outlines concrete steps for the legal design, institutional coordination, and implementation through 2030, linking Ukraine’s domestic emissions trading system (ETS), voluntary markets, and both market (Articles 6.2 and 6.4) and non-market (Article 6.8) cooperative approaches into a unified, high-integrity system that supports technology transfer, access to finance, and capacity building in line with Ukraine’s updated Nationally Determined Contribution (NDC).
Authors: Kaya Axelsson, Ievgeniia Kopytsia, Injy Johnstone, Sindi Kuci, Bhavya Gupta.
