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Financing Energy Efficiency Investment for Climate Change Mitigation
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Project name:

Financing Energy Efficiency Investment for Climate Change Mitigation

 

Project Type:

Regional Project (participatory countries: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Kazakhstan, Moldova, Romania, Russian Federation, Serbia, the former Yugoslav Republic of Macedonia and Ukraine)

 

Type of assistance:

Grant

 

Donor's project code:

ECE/GC/2008/033

 

Donor:

United Nations Economic Commission for Europe (UNECE)

 

Agreement on which base the project is working

  1. Resolution of the Parliament of the Republic of Moldova No. 233 from 29.09.1994 (MO No. 10 from 20.10.1994) „On adhesion of the Republic of Moldova to the Convention on privileges and immunities of the United Nations".
  2. Resolution of the Parliament of the Republic of Moldova No. 401 from 16.03.1995 (MO No. 23 from 27.04.1995) „ On adhesion of the Republic of Moldova to the Convention on privileges and immunities of the specialized institutions".

 

Project duration in the Republic of Moldova:

26/10/2008-31/12/2011

 

Beneficiary:

Ministry of Environment, Chisinau, MD-2005, #9 Cosmonautilor St

 

Partner institution:

United Nations Economic Commission for Europe (UNECE)

 

Implementation institution:

Climate Change Office, Ministry of Environment

 

Contacts:

Vasile SCORPAN (manager)

Aliona SOLOMON (administrative assistant)

156A, Mitropolit Dosoftei St., off. 37,

Climate Change Office, Manager, Ministry of Environment 

MD-2004, Chisinau,

Republic of Moldova

tel./fax. (373 22) 23 22 47

E-mail: clima@mediu.gov.md 

and/or v.scorpan@yahoo.com

 

Sector:

Environment protection and sustainable use of natural resources

 

Summary of the project:

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, the former Yugoslav Republic of Macedonia and Ukraine.

 

Project 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.

 

Specific Objectives / Components of the project:

  1. Identity 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.
  2. 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.
  3. Promote opportunities for commercial banks and companies to invest in energy efficiency and renewable energy projects through the development of new public private partnership investment funds or financing mechanisms. 

 

Projects activities:

1.1  A network of energy efficiency managers in participating countries

1.2  Trained experts in project development, finance, business planning

1.3  Investment project pipeline

 

2.1 Economic, Institutional and Regulatory Reforms

2.2 Energy Efficiency Seminars

2.3 Policy Advisory Services

 

3.1 Energy Efficiency Investment Founds

3.2 Investment Project Development Standards

3.3 Investment Project Pipeline Inventory

 

Expected Outputs:

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

 

Objective One:  Identify and develop investment projects

1.1 A network of energy efficiency managers in participating countries

1.2  Trained experts in project development, finance, business planning

1.3  Investment project pipeline

 

Objective Two:  Strengthen energy efficiency and renewable energy policies

2.1 Economic, Institutional and Regulatory Reforms

2.2 Energy Efficiency Seminars

2.3 Policy Advisory Services

 

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

3.1  Energy Efficiency Investment Fund

3.2  Investment Project Development Standards

3.3  Investment Project Pipeline Inventory

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