Iceland allocated $500,000 to support the green energy in Ukraine

The press service of the United Nations Development Program (UNDP) informed on April 13, 2023, that the Government of Iceland allocated 500,000 US dollars to support the restoration of environmentally sustainable energy infrastructure in Ukraine.

Source: The press service of the United Nations Development Program (UNDP)

“The Government of Iceland today pledged US$500,000 to support the rebuilding of Ukraine’s energy infrastructure in a way that is both environmentally sustainable and resilient. The funding will be channelled through UNDP’s thematic Funding Window for Nature, Climate, and Energy, which supports climate change initiatives and promotes sustainable development,” reported the press service of the United Nations Development Program (UNDP).

The funding will be used to purchase equipment for high-voltage power generation. This is critical in providing basic services for the war-affected civilians and ensuring livelihoods and sustainability for the upcoming winter season.

“A recent damage assessment by the United Nations under UNDP’s technical leadership and in collaboration with the Government of Ukraine, the World Bank, and the European Commission, estimated the cost of covering immediate needs at around US$2.1 billion,” added the press service of the United Nations Development Program (UNDP).


See also: Iceland recognized the Holodomor as genocide of the Ukrainian people


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