Estonia's Minister for Climate, Yoko Alender, announced that Estonia will allocate one million euros to support climate and environmental projects in Ukraine, as reported by the Estonian broadcaster ERR.
At the recent COP29 climate conference, an agreement was reached in which wealthier countries will provide 300 billion dollars annually to help developing countries address climate change and implement clean technologies.
"We have decided that this 1 million euros from Estonia will be directed specifically to support environmental and climate projects in Ukraine," explained Alender.
Kristi Klaas, the Deputy Chancellor of Estonia's Ministry of Environmental Reform, noted that the funds will come from the emissions trading system.
"As an EU member state, we have always received funds through the emissions trading system, which we must allocate for development cooperation," said Klaas.
At the climate conference, there were also meetings with representatives of Ukraine's Ministry of Environmental Protection.
"They very clearly outlined the country's current needs to make significant strides toward the European Union. This concerns both legislative development and slowing down local climate change," Klaas described.
Countries participating in the COP29 climate conference agreed on a new climate goal—300 billion dollars per year until 2035 for developing countries. These new climate finances will be aimed at supporting nationally determined contributions, national adaptation plans, and enhancing ambitions to combat climate change.
