Energy Efficiency

Croatia almost not using allocated EU funds for energy efficiency and renewables

Photo: Zelena-akcija.hr

Published

February 7, 2017

Country

Comments

0

Share

Published:

February 7, 2017

Country:

Comments:

0

Share

Croatia is using only a fraction of EUR 531,8 million worth EU financing package allocated for energy efficiency and renewable energy projects in this country.

The total value of tenders announced by the end of 2016. makes for less than 9 percent of the finances provided by the Operational Programme for Cohesion Policy Funding 2014-2020. At the same time the value of contracts signed is only about 2 percent.

Those are the findings of the study named “Use of European structural and investment funds for financing energy efficiency and renewable energy projects”, which was presented by the experts’ association Society for Sustainable Development Design (DOOR) and the NGO Green action.

According to the study, using all the funds with a 40% co-financing rate would enable the installation of solar heating systems with capacity of 100 MW and cogeneration plants of about 130 MW fueled by biomass. This would double the existing capacities of those systems.

By using the funds allocated for energy efficiency projects, Croatia would make big energy savings. By 2020 there would be 10.451 households moving to a higher energy class.

Annual consumption of primary energy would decrease by 55.100 GWh in public buildings and by 167 GWh in the residential sector. Centralized heating systems would save 1 PJ (petajoule) and public lighting would spend 6 percent of energy.

The study underlies the necessity of improving the cooperation between competent bodies and end users, establishing a system for tracking project milestones and discussing the aims and expected results of investment projects with the public.

In the long term, it is necessary to devise a development strategy until 2050, identify priorities for the funding period 2021-2027 and come up with projects that could be funded from European structural and investment funds.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Turkey one third world geothermal greenhouses

Turkey accounts for one third of world’s geothermal greenhouses

05 August 2022 - The surface of greenhouses heated with geothermal energy in Turkey grew 400% since 2002, says Mücahit Kıvrak from the Balıkesir University

Serbia target emissions cut 40 3 by 2030 upcoming NECP

Serbia to target emissions cut of 40.3% by 2030 in upcoming NECP

27 July 2022 - Serbia presented the preliminary goals for its integrated national energy and climate plan as it is about to start a public debate

GGF takes green finance graduates on study tour in Berlin

14 July 2022 - GGF's Technical Assistance Facility and the Renewables Academy (RENAC) hosted a study tour in Berlin for the graduates of the Green Finance Expert Course

Green for Growth Fund record expansion 2021

Green for Growth Fund achieves record expansion in 2021

12 July 2022 - GGF recorded its strongest ever net growth in its outstanding portfolio, with EUR 1.3 billion in green loans to over 42,000 end borrowers