OREANDA-NEWS. The Cabinet of Ministers of Ukraine initiated the accession of Ukraine to the Statute of the International Renewable Energy Agency (IRENA). The relevant draft order of the President of Ukraine drafted by the State Agency for Energy Efficiency and Energy Saving of Ukraine was approved at the Government meeting on Wednesday.

Being the party to the IRENA statute Ukraine will benefit from an opportunity to participate in programmes and apply to Abu Dhabi Development Fund to obtain preferential loans.

Joining the Statute, Ukraine shall obtain access to information on the use of renewable energy sources, current renewable energy practices, including policy instruments, incentives, investment mechanisms, best practices, available technologies, integrated systems and equipment, and success-failure factors.

The Statute stipulates for the Agency to provide information about the development and deployment of national and international technical standards in relation to renewable energy, thus promoting cooperation between the parties to the IRENA statute. Another benefit is participation in the IRENA will afford to get necessary policy advice and assistance, engage in international discussions on renewable energy policy.