Policies to Address Climate Change: Ukraine
Selected Issues Papers, February 5, 2024
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- Policies to Address Climate Change: Ukraine
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Bibliographic details
- Authors: Geoffrey N. Keim, Mariia Sydorovych
- Published: February 5, 2024
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798400266416.018
Executive summary
- While the near-term priorities are national defense and macroeconomic stabilization, gradually incorporating climate change considerations into policy design will become increasingly important after the war and into the long term.
- As regards climate change adaptation, investments will need to be made with a view to maintain long-term debt sustainability.
- Policy reforms will be needed to move to a low-emissions economy to deliver international commitments and achieve the broader objective of European Union accession.
- Potential exists to deliver on climate priorities alongside implementing recovery and reconstruction efforts, while maintaining macroeconomic stability, and ensuring social protection and equity.
Near-term priorities and sequencing
- National defense and macroeconomic stabilization are the immediate priorities.
- Climate considerations should be gradually incorporated into policy design once near-term stabilization and security priorities allow.
Climate change adaptation and fiscal considerations
- Investments for climate change adaptation must be planned and executed with attention to maintaining long-term debt sustainability.
- Fiscal planning should integrate adaptation needs to avoid jeopardizing macroeconomic stability.
Transition to a low-emissions economy
- Policy reforms are required to achieve a low-emissions economy.
- Reform objectives include delivering international commitments and supporting the broader objective of European Union accession.
Integration with recovery and reconstruction
- There is potential to align climate priorities with recovery and reconstruction efforts.
- Implementation should ensure:
- Maintenance of macroeconomic stability.
- Preservation of social protection and equity.
Thematic subjects and keywords (as presented in source)
- Climate change, Climate finance, Environment, Greenhouse gas emissions, International organization, Monetary policy
- Keywords: address climate change, B. GHG emission, carbon pricing, climate change adaptation, Climate finance, debt sustainability, Europe, Greenhouse gas emissions, long-term debt sustainability, policy reform, Ukraine
Source: Policies to Address Climate Change: Ukraine — https://www.imf.org/en/publications/selected-issues-papers/issues/2024/02/05/policies-to-address-climate-change-ukraine-544431
Content in this bundle
- Policies to Address Climate Change, Ukraine; Selected Issues Paper No. 2024/001; December 4, 2023