понеділок, 11 січня 2010 р.

EEEEEP for Ukraine

The new cooperation project is a Swedish EU initiative and goes by the name of Eastern Europe Energy Efficiency and Environment Partnership (EEEEEP). Besides Sweden, the other countries to have promised financial support to the EEEEEP are Denmark, Estonia, Latvia, Lithuania, Romania, Norway, Poland and the United States. The European Commission will also provide extensive financial support to the partnership, as will Ukraine.

Over EUR 90 million for energy efficiency and climate measures in Eastern Europe following a Swedish initiative, an international cooperation project for Eastern Europe was launched today in Stockholm. This cooperation project aims to provide financing for large investments in the area of energy efficiency and the environment. As part of the launch a donor conference was held in which Minister for International Development Cooperation Gunilla Carlsson, European Commissioner Benita Ferrero-Waldner and Ukraine’s Deputy Prime Minister Hryhoriy Nemyria participated.

The Fund will be supported by grants from the government of Sweden, the European Union and other donors, including Ukraine. It is expected to complement energy efficiency loans provided by financial institutions including the European Bank for Reconstruction and Development, European Investment Bank, Nordic Investment Bank, Nordic Environment Finance Corporation and the World Bank Group.

It is expected that grant funding resources will be allocated to four priority areas: district heating in Ukraine, other energy efficiency projects in Ukraine, environment projects in Ukraine as well as projects in other countries in the EU’s Eastern Partnership Initiative. In addition to promoting energy efficiency in district heating projects, funding will also support other investments aimed at making substantial energy savings. Environmental projects, such as waste water or renewable energy, will also be within the scope of the grant funding.

This initiative of the Swedish authorities is very important for Ukraine and other countries of the region, where high energy intensity is widespread and where there is a tremendous scope for efficiency improvement across all sectors. Energy efficiency investments have the combined beneficial effects of boosting economic competitiveness, while enhancing energy security and also helping to combat the impact of climate change.


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