The law, which restores the mandatory system of monitoring, reporting and verification of greenhouse gas emissions, will come into force tomorrow, February 1.
This is stated in the text of the law, Ukrainian News Agency reports.
The law was adopted on January 8 and signed by President Volodymyr Zelenskyy on January 29.
The law was published today, January 31, in Voice of Ukraine.
According to its text, the law will come into force the day after publication.
The law provides for the restoration of the mandatory system of monitoring, reporting and verification of greenhouse gas emissions (hereinafter referred to as the MRV system).
The MRV system began operating in Ukraine on January 1, 2021, however, due to the introduction of martial law due to the armed aggression of the russian federation, reporting within the MRV system was voluntary.
The law was developed to comply with the state's strategic course for Ukraine's full membership in the European Union and the fulfillment of Ukraine's obligations under the Ukraine Facility.
According to the explanatory note, the restoration of the mandatory MRV system will ensure the collection of verified and transparent data and will allow us to move on to the next step in creating a greenhouse gas emissions trading system in Ukraine, which is the most effective market mechanism for reducing greenhouse gas emissions.
As Ukrainian News Agency earlier reported, the National Emissions Trading System will begin operating in a pilot mode in 2025.
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