IFC: Ukraine Residential Energy Efficiency Project Phase III
The residential housing sector in Ukraine is the most significant end-user of energy. The project aims to reduce energy consumption and promote energy efficiency, fostering sustainable market reforms to facilitate lending for energy efficient modernization.
| Country/region | Topic | Period | Budget |
|---|---|---|---|
|
Ukraine |
Climate-friendly growth |
01.05.2018
- |
CHF 2'100'000
|
- International Finance Corporation
-
Sector according to the OECD Developement Assistance Commitiee categorisation ENERGY
Sub-Sector according to the OECD Developement Assistance Commitiee categorisation Energy generation, renewable sources - multiple technologies
Cross-cutting topics The project takes account of gender equality as a cross-cutting theme.
Project number UR00873
| Background |
Most of the existing housing stock in Ukraine is extremely energy inefficient. The implementation of energy efficiency reforms and the development of a market for housing services will significantly decrease the energy consumption. This will reduce greenhouse gas emissions, generate economic growth and opportunities for small and medium entreprises. The project will work with the national government , municipalities, home owners and the private sector. |
| Objectives |
The project aims to facilitate at least $400 million of investments into the energy-efficient renovation of existing housing stock, out of which $80 million for Home Owner Associations. The aim is to achieve direct emissions reduction of at least 1'100'000 tonnes of CO2 per year. Activities will focus on the development of secundary legislation and regulation, on supporting and facilitating the development of a proper and effective market for housing management sevices and on awareness raising to facilitate the shift towards energy efficiency in multi-family buildings. |
| Medium-term outcomes |
Adoption of secundary legislation and regulation to promote the implementation of the energy efficiency legislative package. Building the institutional capacity of housing management service providers by engaging in the development of housing management services. Shifting the management of municipal multi-family buildings towards a private sector driven type of management were homeowners can access energy efficiency financing. Awareness-raising and educational activities to ensure a good understanding of legislative reforms by all audiences. |
| Results |
Expected results: Recommend secondary laws and regulation- training of government officials Advising housing management service providers- conduct workshops for house management service providers Advise pilot cities through trainings- conduct workshops for city representatives, homeowner associations, government officials, media and other market stakeholders Results from previous phases: The project supported legal reforms to facilitate energy efficiency improvements for multi-family buildings. The reforms will facilitate a contribution of EUR 100 million by the European Commission and Germany to support the establishment of the Energy Efficiency Fund. The project supported the creation of the pilot program that underpins the Energy Efficiency Fund. Homeowner associations were recognized as clients for the banking system demonstrating zero default rate on the loans taken. The program has facilitated loans of over EUR 200 million for energy efficiency initiatives in both individual and multiple-occupancy housing. Awareness-raising and training programs provided information on the establishment of homeowner associations and their financial, technical and legal operations. The project supported 60% of all loan applications for homeowner associations, and has reached a total of 163,830 beneficiaries. |
| Directorate/federal office responsible |
SECO |
| Credit area |
Development cooperation |
| Project partners |
Contract partner |
| Budget | Current phase Swiss budget CHF 2'100'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 1'850'000 |
| Project phases | Phase 3 01.05.2018 - 30.04.2021 (Completed) Phase 2 01.01.2015 - 31.03.2018 (Completed) |