EU and Germany Boost Energy Efficiency Fund in Ukraine with Additional $18 Million

Strategic Insights -

The European Union (EU) and Germany have pledged an additional £13 million and £5 million, respectively, to the Energy Efficiency Fund of Ukraine, bringing the total contribution to £18 million. The funding boost follows the Fund's proven success, having grown from 90 projects in 2021 to over 1,500, benefiting around 217,000 families. The Fund operates under the principle of "Build back better" and has become a crucial support system for Ukraine's energy efficiency efforts.

Key Takeaways:

  • The EU and Germany have allocated an additional £18 million to the Energy Efficiency Fund of Ukraine, with the EU contributing £13 million and Germany contributing £5 million.
  • The Fund has demonstrated significant growth, expanding from 90 projects in 2021 to over 1,500, benefiting around 217,000 families.
  • The Fund operates under the principle of "Build back better" and has become a crucial support system for Ukraine's energy efficiency efforts.
  • The Fund annually saves energy consumption equivalent to that of a city like Chernivtsi.
  • Germany will continue its technical support for the Fund through the international cooperation agency GIZ.
  • The Cabinet of Ministers has identified potential domestic funding of £5 million for the Fund.
  • Alyona Shkrum, First Deputy Minister for Development of Communities and Territories of Ukraine, has announced an upcoming meeting of the Donor Coordination Council to raise grant limits and expand support.

Statistics:

  • £18 million: Total contribution from the EU and Germany to the Energy Efficiency Fund of Ukraine.
  • £13 million: EU's contribution to the Energy Efficiency Fund of Ukraine.
  • £5 million: Germany's contribution to the Energy Efficiency Fund of Ukraine.
  • 90 projects: Number of projects in the Energy Efficiency Fund of Ukraine in 2021.
  • 1,500 + projects: Current number of projects in the Energy Efficiency Fund of Ukraine (as of the latest update).
  • 217,000 families: Number of families benefiting from the Energy Efficiency Fund of Ukraine.
  • £1 billion: Total donor commitments to Ukraine's Energy Support Fund by the end of 2024.

Sources:

  • Ukrinform
  • EU Ambassador to Ukraine Katarina Mathernova
  • Dr. Maximilian Rasch, Deputy Head of Mission of the German Embassy
  • Alyona Shkrum, First Deputy Minister for Development of Communities and Territories of Ukraine