Energy Efficiency

GGF Impact Stories: Raising awareness of household energy efficiency benefits in Kosovo*

invest-today-save-tomorrow-office-web

Photo: GGF

Published

November 12, 2021

Country

Comments

0

Share

Published:

November 12, 2021

Country:

Comments:

0

Share

An awareness-raising campaign for households in Kosovo*, carried out by the Green for Growth Fund (GGF) and local microlender KEP Trust, has helped homeowners understand the benefits of improved energy efficiency, boosting demand for loans for this purpose.

The campaign, under the slogan “Invest today to save tomorrow,” focused on raising awareness of the enhanced comfort and savings in energy bills achieved through energy efficiency measures, such as replacing windows and installing insulation, as well as of the availability of microloans at GGF partner lenders.

The housing sector, the largest energy consumer in Kosovo*, has the potential to cut its energy consumption by over 40%.

The campaign has helped raise awareness of savings in energy bills achieved through energy efficiency measures

The campaign covered TV and radio stations, social media, as well as direct marketing that targeted both urban and rural communities.

Until 2016, when the GGF added Kosovo* to its portfolio, energy efficiency lending there was limited to a handful of banks, with products targeted mainly at larger residential schemes and businesses providing energy efficiency products and services to households.

However, reports from GGF partner institutions in Kosovo* now demonstrate an improved awareness among households and increased demand for such loans. The fund is currently promoting its activities as Green Journey.

GGF’s overall portfolio grew to over EUR 1.1 billion in 2020, with 40,000 end-borrowers

The GGF was launched in 2009 by Germany’s KfW Development Bank and the European Investment Bank (EIB), with financial support from the European Commission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development (EBRD), and the Austrian Development Bank (OeEB).

The GGF Impact Report for 2020 revealed that the facility mobilized EUR 135 million in investments and technical assistance commitments, with its portfolio increasing to over EUR 1.1 billion and covering more than 40,000 end-borrowers.

The funds were dedicated to financing measures that boost a green recovery and advance energy efficiency, renewable energy, and resource efficiency in Southeast Europe, Turkey, the EU’s eastern neighbors, the Middle East, and North Africa.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
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

EBRD Bogdanović Renewable heating biggest contributor decarbonization urban areas

EBRD’s Bogdanović: Renewable heating is biggest contributor to decarbonization in urban areas

25 May 2023 - Renewable sources can contribute the most to the decarbonization of urban areas, Bojan Bogdanović from the EBRD said at BEF 2023

International Congress on Process Industry Processing '23 serbia sabac

36th International Congress on Process Industry – Processing ’23. to be held on June 1-2 in Serbia

24 May 2023 - The two-day event will be held in Šabac, where domestic and foreign experts will present 65 papers classified into 11 thematic groups

BEF 2023 Infrastructure, technology, and financing for carbon neutrality by 2050 Chances and challenges for the Western Balkan region

BEF 2023: Infrastructure, technology, and financing for carbon neutrality by 2050: Chances and challenges for the Western Balkan region

23 May 2023 - Infrastructure, availability of technology, and financing are the key preconditions for transforming energy systems in the region into modern, low-carbon systems.

Wasim-Sarwar-rimac bef 2023 batteries storage

Rimac Energy outlines innovative stationary energy storage solutions at BEF 2023

20 May 2023 - Preparing to hit the stationary energy storage market, Rimac Technology's new brand Rimac Energy presented its solutions at BEF 2023