On 26 September, the European Bank for Reconstruction and Development (EBRD) officially launched the start of a new Green Economy Financing Facility (GEFF) for Serbia that will provide loans to households for energy efficiency improvements. The GEFF, established with the support of the Energy Community Secretariat, will help Serbia to put measures under the Energy Efficiency and Energy Performance of Buildings Directives into action.
Speaking at the launch event in Belgrade, Ms Violeta Kogalniceanu, Head of Energy Efficiency Unit at the Secretariat said: “When it comes to energy efficiency, Serbia needs to lead by example. As the biggest Contracting Party in the Western Balkans, it needs to scale up its investment efforts as well as legal reform. Energy efficiency reforms should start in the home given the residential sector’s enormous untapped potential”.
With the support of partner credit institutions, Serbian households will be able to take out loans specifically for green technology solutions such as new double-glazed windows, high-efficiency boilers or thermal insulation and apply for an EU grant to cover part of their investment. Vendors and producers of energy-efficient solutions for the residential sector will also be able to access the financing. In addition, the programme will provide technical assistance, such as energy audits for the renovation of apartment buildings.
GEFF in Serbia is implemented under the Regional Energy Efficiency Programme for the Western Balkans (REEP Plus), funded by the EU and implemented in partnership with the Energy Community Secretariat. The programme also provides policy support for harmonising the country’s regulations on energy efficiency performance in buildings with the Energy Community acquis.