As a result of the full-scale invasion by the Russian Federation, Ukraine’s industrial spending on environmental protection has significantly decreased. In 2021, current expenditures on environmental measures reached $1.1 billion, but in 2022, they fell to $746 million. Capital investments during this period also declined – from $517 million to $199 million.
This is reported by Business • Media
Trends in the Recovery of Environmental Expenditures
In 2024, the situation began to gradually improve: current expenditures on environmental protection increased to $864 million, while capital investments amounted to $194 million. A significant portion of these expenditures comes from enterprises engaged in the extraction of metal ores – accounting for 19% of all environmental expenditures in Ukraine. Meanwhile, the share of the metallurgy sector was 8.6%.
Dynamics of Expenditures in Key Sectors
Expenditures on environmental measures in the extraction sector increased by 12% compared to 2022, reaching $202 million in 2024. Metallurgical enterprises, due to the loss of some assets as a result of the war, reduced their expenditures from $130 million to $90 million. The total volume of capital investments in environmental protection in the extraction industry amounted to $38.2 million, while in metallurgy it was $42.2 million.
To implement the environmental protection plans already announced by Ukrainian metallurgical companies, $11 billion in investments is needed.