The Green Phoenix Framework: Climate-Positive Plan for Economic Recovery in Ukraine

by the Oxford University’s Smith School of Enterprise and the Environment

A new study published by a team of Ukrainian and European researchers from Oxford University’s Smith School of Enterprise and the Environment shows that only 33% of spending in the National Recovery Plan, presented by the Ukrainian government in 2022 in Lugano, is likely to support climate mitigation outcomes - well below the 42% European average of state funding deployed to support economic recovery after the COVID-19 pandemic.

Furthermore, researchers identified that at least 6% of proposed recovery spending in Ukraine could have detrimental effects both for the climate and long-term economic development.

The working paper “The Green Phoenix Framework: Climate-Positive Plan for Economic Recovery in Ukraine” analyses the $750 bn package of investment policies announced by the Ukrainian government in the framework of Ukraine’s National Recovery Plan 2022 and provides recommendations on how to align the recovery efforts with long-term decarbonisation goals, and fill in the structural gaps in the governmental plan.