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Croatia announces 225 million-euro fund for energy renovations in residential buildings

The Croatian government announced on Thursday (19 October) that it has adopted funding for the energy renovation of residential buildings worth a total of 225 million euros.

The renovations will be funded by revenues from the sale of the country’s emissions quotas.

Croatia’s Deputy Prime Minister and Minister of Physical Planning, Construction and State Assets Branko Bačić ​said that the Economy and Sustainable Development Ministry, in collaboration with the Environmental Protection and Energy Efficiency Fund, is tasked with securing funds of 50 million euros in 2023 for energy renovation of residential and 25 million euros for the energy renovation of residential buildings at risk of energy poverty.

In 2024 and 2025, an additional 80 million euros is expected to be secured in total. “By June 2026, 1.7 million square metres of residential space is planned to be renovated in Croatia,” Minister Bačić said.

He noted that construction is the largest energy consumer in Croatia, accounting for 50 per cent of total energy consumption, with a 15 per cent contribution to the country’s greenhouse gas emissions. Therefore, it is “essential” to engage in the energy renovation of buildings, the minister added.

Minister Bačić concluded that energy renovation will reduce energy consumption, contribute to decarbonisation and help households reduce energy bills.

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