€90 Million Fund to Boost Energy Efficiency in Eastern Europe

 

At the end of November 2009, international donors have agreed to provide grants of €90 million to promote energy efficiency investments in Ukraine and other eastern European countries. This new Fund was set up under the initiative of the Swedish government during its Presidency of the European Union.

The Fund will be supported by grants from the government of Sweden, the European Union and other donors, including Ukraine. It is expected to complement energy efficiency loans provided by financial institutions including the European Bank for Reconstruction and Development, European Investment Bank, Nordic Investment Bank, Nordic Environment Finance Corporation and the World Bank Group.

The new funding resources will be allocated to four priority areas: district heating in Ukraine, other energy efficiency projects in Ukraine, environment projects in Ukraine as well as projects in other countries in the EU’s Eastern Partnership Initiative.

Source: http://www.ebrd.com/
Swedish Presidency of the European Union: http://www.se2009.eu/

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