You're reading: Ukraine, Japan agree on renovating heating facilities using Kyoto protocol money

The National Environmental Investment Agency of Ukraine and Japan's New Energy and Industrial Technology Development Organization (NEDO) have signed an agreement approving 319 projects to renovate heating facilities of public buildings.

The document was signed in Kyiv on April 24, an Interfax-Ukraine correspondent reported.

The implementation of all the approved projects will be financed from the funds obtained from selling extra volumes of Emission Reduction Units to Japan under the Kyoto Protocol.

The total cost of these projects is € 101.370 million. The heating systems will be renovated in hospital buildings, kindergartens and other public facilities located in seven regions of Ukraine and the Autonomous Republic of Crimea.

"The projects that have been signed today, will enter into the stage of practical implementation," NEO General Director Yuji Kimura said during the signing of the agreement.