XX international conference “Problems of Ecology and Exploitation of Energy Objects”

Taras Shepel, partner of “International Law Offices”, made a speech “Tax Aspects on Project Implementation under Kyoto Protocol” on the XX international conference “Problems of Ecology and Exploitation of Energy Objects” held on 8-12 June 2010 in Yalta. The conference was organized by the Institute of Engineering Ecology under the support of the Ministry for Housing and Communal Services of Ukraine, the Ministry of Environmental Protection of Ukraine, the National Environmental Investment Agency of Ukraine and the Institute of Engineering Thermophysics of the National Academy of Sciences of Ukraine.

The prospects and legal mechanisms for joint implementation projects and practical innovations of heat engineering were discussed in the course of the conference. The Heads of the National Environmental Investment Agency of Ukraine, Deputy Minister on Housing and Communal Services of Ukraine, foreign investors, owners and directors of the enterprises where the joint projects are implemented participated in the event. The participants shared their experience on the joint implementation projects and got to know progressive developments in heat and power engineering the aim of which is to reduce greenhouse gases emission. The delegates also concluded on necessity to improve some legislative instruments including those ones related to taxation to simplify implementation of ecological programs and projects. In this connection the participants adopted the resolution to be sent to a number of interested ministries and agencies of Ukraine.

In general, the activity on joint project implementation was positively assessed in Ukraine. According to the presentation made by the Director of the Institute of Engineering Ecology Mr. Sigal, Ukraine ranks first among the Western countries on the projects to be implemented.