Supporting the national energy efficiency fund and the climate-friendly reform agenda (S2I) in Ukraine
As of: April 2021
Increasing energy efficiency is an important goal for the Ukrainian energy policy. The National Energy Efficiency Action Plan provides for a reduction of 9% in final energy consumption. To this end, the Ukrainian government and the Federal German Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) jointly developed the “Turning Subsidies into Investments” concept (S2I) which uses a revolving investment mechanism to improve energy efficiency in the building sector. The Ukrainian government also established the National Energy Efficiency Fund to support the renovation of buildings. The project supports the implementation and the strategic development of the fund. It also improves the know-how of the fund personnel and other target groups, such as energy auditors and technology suppliers. The S2I concept is an exemplary model, especially for those countries with low energy efficiency and high energy-related social subsidies.
State of implementation/results
- In April 2019 the cooperation for a training program for energy auditors had started. Up to 350 energy auditors will be qualified for the accreditation of energy certificates in the building sector
- In July 2019, the implementation agreement between the EEF and the International Finance Corporation was signed.
- In August 2019, the EEF Supervisory Board agreed on the EEF strategy. The EEF strategy envisages that more than 8,000 projects will be implemented by 2023. The average annual savings in CO2 emissions are approx. 839,000 tonnes. The average energy savings are at least 20%.
- On 4th September 2019 the official launch of the EEF was announced in a press conference.