Friday, June 21, 2024
HomeClimateBuilding renovation in Bulgaria essential for energy transition, says Minister of Environment...
Powered by

Building renovation in Bulgaria essential for energy transition, says Minister of Environment and Water

Bulgaria’s Minister of Environment and Water Julian Popov emphasised how important is to renovate the building stock, by mobilising both public and private resources, as one of the pillars of the energy transition.

During a round table discussion, Minister Popov said that to solve the issue of renovation of buildings in Bulgaria, “we need to introduce different funding instruments, to mobilise private resources and jointly with the public to stimulate innovation in the sector.” He also clarified that these funds should be used only as “’levers’ to mobilise private resources.”

The Minister said to be convinced that, when renovating the building stock, a percentage should be allocated for innovation, training and implementation of new technologies. He pointed out that the ultimate goal of the Ministry, in terms of climate policies, is carbon neutrality by 2050. “For every brick, for every solar panel, we are also considering whether we are achieving that goal with it,” said the Minister.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular