Carbon Markets in Ukraine: A Project Developer's Guide to VCM and Article 6.2

April 10, 2026

Non-UACAT Report

Image of a wind turbine at the Ovid Wind Power Plant in Odesa

Overview

This report by the Ukrainian Sustainable Fund, produced with support from Mercy Corps, provides a practical roadmap for Ukrainian businesses, investors, and project developers seeking to access international carbon finance. Carbon Markets in Ukraine explains how voluntary carbon markets (VCMs) and Article 6.2 of the Paris Agreement can unlock new sources of capital for renewable energy, forestry, and agricultural projects. Through clear explanations and step-by-step guidance, the report demystifies the full project lifecycle — from feasibility assessment and project documentation to validation, monitoring, and carbon credit commercialization.

The report also examines the unique opportunities and challenges facing carbon project development in Ukraine’s post-war economy. It highlights how war-related investment barriers, reconstruction needs, and strong sustainable development co-benefits can strengthen the additionality case for Ukrainian projects in global carbon markets. With dedicated sections on renewable energy, forestry, and agriculture, the guide combines strategic analysis with actionable insights to help Ukrainian developers bring high-integrity carbon projects to market.