Project: Financing Energy Efficiency Investments for Climate Change Mitigation UNECE

Background

The UN Economic Commission for Europe is executing a project on financing energy efficiency investments for climate change mitigation in twelve countries in south Eastern Europe, Eastern Europe and Central Asia. The project is to promote market formation so that self-sustaining energy efficiency and renewable energy projects can be identified, developed, financed and implemented locally in participating countries: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Kazakhstan, Republic of Moldova, Romania, Russian Federation, Serbia, Republic of Macedonia and Ukraine. The project has the following three objectives:

Objective One: Identify and develop investment projects

Objective Two: Strengthen energy efficiency and renewable energy policies

Objective Three: Promote opportunities for commercial banks and companies to invest

Outline of the Project

OBJECTIVES

The long-term development objective of the project and three immediate objectives are described below. This is followed by a listing of the outputs to be achieved under each activity during the four years of project operations.

General Objective: Promote an investment climate in which self-sustaining energy efficiency and renewable energy projects can be identified, developed, financed and implemented by local teams in municipalities, factories and energy utilities.

Objective One: Identify and develop investment projects in the private and public sectors at the local level: identify, develop, finance and implement demand side and supply side energy efficiency and renewable energy projects that meet environmental, health and institutional reform priorities.

Objective Two: Strengthen energy efficiency and renewable energy policies in the participating countries, assisting municipal authorities and national administrations to introduce the economic, institutional and regulatory reforms needed to support investments in energy efficiency and renewable energy projects.

Objective Three: Promote opportunities for banks and commercial companies to invest in energy efficiency and renewable energy projects through the development of new public private partnership investment funds or financing mechanisms.

ACTIVITIES AND OUTPUTS

The activities to be pursued under each objective are to produce the following outputs.

Objective One: Identify and develop investment projects

• A network of energy efficiency managers in participating countries
• Trained experts in project development, finance, business planning
• Investment project pipeline

Objective Two: Strengthen energy efficiency and renewable energy policies

• Economic, Institutional and Regulatory Reforms
• Energy Efficiency Seminars
• Policy Advisory Services

 Objective Three: Promote opportunities for commercial banks and companies to invest

• Energy Efficiency Investment Fund
• Investment Project Development Standards
• Investment Project Pipeline Inventory

Project manager

Programme Officer in charge of the project is:
Mr. Alexandre Chachine
Chief, Sustainable Energy Section
Sustainable Energy Division
United Nations Economic Commission for Europe
Bureau 380, Palais des Nations
1211 Geneva 10 – Switzerland
Tel: +41 22 917 2451
Fax +41 22 917 0038
E-mail:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it