Ukraine’s national carbon tax, introduced in 2011, remains one of the lowest in the world at UAH30 (US$0.77) per tonne of CO2 as of 2024. It applies primarily to CO2 emissions from stationary sources in the electricity, heat, industry, and building sectors. The tax was increased from UAH10 to UAH30/tCO2e in 2022, and 70% of the budget revenues from the carbon tax are now allocated towards decarbonization efforts. The tax only applies to facilities emitting more than 500 tCO2 annually, with smaller emitters exempt.