The European green deal in Ukraine: opportunities and implications for the industry


The purpose of the article is to substantiate the European Green Deal (EGD) commitments, identify opportunities and threats for the development of Ukrainian industry, and elaborate proposals for the adaptation of Ukrainian producers to the requirements of the EGD. It is shown that the EGD is at the centre of the European agenda, and it is a modern challenge that can change the economy and consumption patterns not only in the European Union but throughout the world. This could have profound geopolitical implications. The authors justify that Ukraine has stable economic, social, and political ties with the EU and has been involved in new value chains with European producers, so implementing the EGD opens new opportunities for “green” transformations of the Ukrainian industry. It has been found that Ukraine should serve to implement international commitments on development. However, such compliance carries significant threats aggravated by technological backwardness and financial insecurity of industrial agents. Also, complying with Ukraine’s international commitments and other international agreements could further impede access of Ukrainian goods to the EU market by strengthening trade barriers associated with more stringent environmental requirements. It has been shown that today the level of climatic neutrality and environmental load on the environment in Ukraine does not correspond to European standards. This enhances the importance of adapting the Ukrainian industry to the requirements of the EGD. To address the shortcomings, the authors propose regulatory and institutional changes. Paper recommends developing economic incentives to save energy and primary material resources, modern waste management methods to minimize waste volumes, disseminate environmental innovations and environmentally friendly resource-efficient technologies to develop “green” business.

  1. Communication from the Commission to the European parliament, the European council, the Council, the European economic and social Committee and the Committee of the regions. (2019, Desember 11). Brussels: The European Green Deal. URL: _en.pdf

  2. Hryniv, L.S. (2001). Ecologically balanced economy: problems of theory. Monograph. Lviv: Ivan Franko National University of Lviv [in Ukrainian]

  3. Pearce, D.W. Turner, R.K. (1989, December 1). Economics of Natural Resources and the Environment Paperback.

  4. MacArthur, E. Foundation. URL:

  5. Anders Wijkman and Kristian Skånberg. The Circular Economy and Benefits for Society Jobs and Climate Clear Winners in an Economy Based on Renewable Energy and Resource Efficiency. A study report at the request of the Club of Rome with support from the MAVA Foundation. URL:

  6. Stahel, W.R. (1982). Product life factor. An Inquiry into the Nature of Sustainable Societies: The Role of the Private Sector, Houston Area Research Center. URL:

  7. Lefter, N. (2005). Quota trading. ABB Review. URL: [in Russian]

  8. Kvasha, T.K., Musina, L.A. (2015). Measuring of green growth in Ukraine: concepts, indicator systems, experience of formation and prospects of application. Monograph. Kyiv: Ukrainian Institute of Scientific and Technical Expertise and Information [in Ukrainian]

  9. Novytska, N.V. (Ed.). (2021). Ways to improve the tax on greenhouse gas emissions in Ukraine. Irpin. URL: [in Ukrainian]

  10. Potapenko, V.H., Khlobystov, Ye.V., Deineko, L.V., Sheludko, E.I., Gakhovych, N.H., Kushnirenko, O.M., Tsyplitska, O.O. (2019). Monitoring the greening of the economy during the implementation of the Ukraine-EU Association Agreement. Kyiv: Helvetyka. URL: [in Ukrainian]

  11. Support to the government of Ukraine on updating its nationally determined contribution (NDC). C40502/8492/47661. (2020). URL: [in Ukrainian]

  12. Horoshkova, L.A., Khlobystov, Ye.V. (2020). The Environmental Kuznets Curve: Industrial Application For Forecasting Waste Generation And Emissions Of Harmful Substances. Liudyna ta dovkillia. Problemy neoekolohii – Man and environment. Issues of neoecology, 33, 109-123 [in Ukrainian]

  13. Gakhovych, N.H., Kushnirenko, O.M. (2020). Development of value chains to increase the sustainability of Ukrainian industry in the conditions of post-COVID. Ukr. socìum – Ukrainian Society, 3 (74), 62-77 [in Ukrainian]

  14. V International Ecological Forum “EcoForum – 2021”. September 14-16, 2021. Zaporizhzhia. URL: [in Ukrainian]

  15. Andrusevych, A., Andrusevych, N., Kozak, Z., Kravchuk, V., Movchan, V., Sunutsia, A., Khabatiuk, O., Shor, K. (2020). European Green Course: Opportunities and Threats for Ukraine. URL: [in Ukrainian]

  16. World Best Practices for Green Recovery in the Time of the COVID-19 Pandemic: Opportunities for Ukraine. (2021). DIXIGroup. URL: [in Ukrainian]

  17. EDGAR – Emissions Database for Global Atmospheric Research. European Commission. URL:

  18. Yefynenko, T.I. (2021). Post-crisis recovery of Ukraine’s economy. In Transformation of state functions in the context of globalization: a collection of abstracts of the international discussion platform on May 19, 2021 (pp. 10-17). Kyiv: Institute for Economics and Forecasting, NAS of Ukraine. URL: [in Ukrainian]

  19. Policies and measures to prevent climate change (to report 4). (2020). Ministry of Environmental Protection and Natural Resources of Ukraine. URL:

  20. Stimulating industry to energy efficiency and climate protection. The main directions of policy formation. White book. (2020). URL:

Full text