There has been presented a Concept of an Energy Efficiency
Fund, the prerequisites of the establishment of which has to be the sustainable
financing approved by the government which makes it possible by reinvestment of
savings from the implementation of projects and reductions HUS subsidy’s pendings
to the EE Fund. The concept was designed to reduce gas consumption for Ukraine
by almost 30%.
The document was was prepared in cooperation with the Government of Germany, the
EU Delegation to Ukraine, the EU Support Group to Ukraine, Berlin Economics,
Coordination Center for Interaction with the CMU at
the President of Ukraine, the State Agency for Energy Efficiency and Energy
Saving of Ukraine, experts of the World Bank Group in Ukraine.
Ukraine heavily depends on energy imports
that in the current geopolitical conditions causes high risks for energy
independence. Natural gas takes the biggest share in imports of energy
amounting to 19.5 billion m³ (or15.7million tons of oil equivalent).
At the macroeconomic level, one of the main problems of the
energy sector in Ukraine is inefficient mechanism of buildings’ heating, where
about 60% of consumed energy is lost (an equivalent to nearly US$ 3 billion
annually). In 2015-2016 the difference is financed from the state budget by the
accumulated foreign loans.
The suggested Energy Efficiency Fund (EE Fund) should be a
catalyst for attracting investments in projects aimed at reducing energy
consumption for buildings heating and creating the proper infrastructure.
The presented Report shall become the basis for the single
strategy and common activities for the following participants of the process:
the Finance Ministry of Ukraine, the Ministry of Social Policy of Ukraine, the
NRCEU, Naftogaz of Ukraine, Ministrty of Coal
Industry and Energy, Ministry of Economic Development and Trade, the World
Bank, the IMF, the EIB, the EBRD.
The main task is to ensure transparency and objectivity of
decision making, sustainable financing, result
oriented approach, ongoing reporting and monitoring. Therefore, the EE Fund
attributes shall be the Steering Committee, Executive Committee, technical
offices, international audit of EE Fund activities.