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EBRD and Serbia partner to boost energy efficiency with a €2.35 million grant agreement

The European Bank for Reconstruction and Development (EBRD) signed a grant agreement for technical assistance with Serbia’s Ministry of Mining and Energy under a European Union-funded project called Support for the Operation of the Administration for Financing and Promoting Energy Efficiency in Serbia (EEA).

“I am very glad that we have signed this grant, which aims to support the decarbonisation of Serbia’s economy by enhancing institutional capacity for investments in energy efficiency and promoting the efficient use of energy,” said EBRD President Odile Renaud-Basso. “Augmenting this efficiency is not only pivotal to reducing greenhouse gas emissions and lowering energy costs, but also plays a crucial role in boosting the quality of public infrastructure and services. This project and its implementation show Serbia’s commitment to sustainable development and environmental stewardship, contributing to economic resilience and long-term prosperity. Strengthening the capacity of the EEA will enable easier access to EU funds, as well as the development, implementation and promotion of support schemes for large-scale energy-efficiency investments, with a particular focus on the renovation of buildings.”

“A donation of 2.35 million euros from the EU will increase the capacities of the Directorate for Financing and Encouraging Energy Efficiency, which implements Subsidy Grant Programs for energy rehabilitation of public buildings in the Republic of Serbia and also plays an important role in supporting citizens to increase energy efficiency in their households,” added the Minister of Mining and Energy Dubravka Đedović Handanović. “With the support of the administration, subsidies were granted to more than 30,000 households, 165 buildings of public importance were rehabilitated and just last year we subsidised the rehabilitation of 21 schools, kindergartens and cultural centres in the same number of cities and municipalities. This year, we expect a double number of applications for public facilities, since the budget of the Republic of Serbia has provided twice as many funds for these purposes.”

This grant agreement will support the first phase of a wider technical cooperation initiative designed to enhance the EEA’s ability to implement most of the energy-efficiency funding provided by the government of Serbia. The project’s key objective is to build and strengthen the EEA’s capacity to develop, implement and promote support mechanisms for energy-efficiency investments on a large scale, with a particular focus on the renovation of buildings. By improving and promoting energy-efficiency measures, the Bank aims to support the decarbonisation of the Serbian economy and to foster a more sustainable and environmentally friendly future for the country.

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