Leveraging funding for energy efficiency in buildings in South East Europe
Leveraging funding for energy efficiency in buildings in South East Europe

Author(s): Jorge Núñez Ferrer
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Law, Constitution, Jurisprudence, Supranational / Global Economy, Energy and Environmental Studies, Sociology, Environmental and Energy policy, International relations/trade, Economic development, Socio-Economic Research, EU-Legislation
Published by: CEPS Centre for European Policy Studies
Keywords: Enegy efficiency; South Eastern Europe; energy efficiant buildings; energy efficiency renovation programmes; financial instruments for energy efficiency; legal framework; energy poverty; funding;
Summary/Abstract: This paper addresses the possibility of creating financial instruments so that large scale energy efficiency renovation programmes can be substantially financed by the private sector. Aimed at decision-makers and those wishing to understand the issue, it avoids excessive technicalities. The paper presents some selected examples of financial instruments for energy efficiency that could represent possible blue prints for South East Europe. It concludes by proposing to develop variations of one of the simplest models to avoid ambitious, complex but ineffective instruments. A clear warning is given on the need for a careful ex-ante assessment of the legal framework, other barriers and the capacity of building associations to request loans on behalf of the owners. It also insists that business strategy development requires special attention.

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