The Western Balkans residential Green Economy Financing Facility: Results so far and recommendations for further action
Briefing | 31 January 2024
The Western Balkans is highly dependent on fossil fuels for power and heating, characterised by aging infrastructure, limited energy efficiency and energy productivity, as well as high rates of energy poverty. The Western Balkans Green Economy Financing Facility was founded by the European Bank for Reconstruction and Development (EBRD) and provides financing to partner financial institutions to support residential sector energy efficiency and small-scale renewable investments in the form of green loans.
This briefing assesses the effectiveness of the energy efficiency credit lines for households financed through the Green Economy Financing Facility, in terms of environmental sustainability and attractiveness for users in all six Western Balkan countries. It examines the eligibility criteria for getting a loan and it offers recommendations to the EBRD, Western Balkan governments and Western Balkan central banks, aimed at increasing the effectiveness and accessibility of the loans, thus accelerating investments by households in energy efficient technologies and services.
Theme: Balkans | Green Economy Financing Facility | EBRD | energy efficiency
Location: Western Balkans
Project: Coal in the Balkans
Tags: Balkans | EBRD | balkan coal | district heating | energy efficiency
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