EBRD and Partners Launch Energy Efficiency Programme in Serbia
The EBRD has officially announced the start of a new Green Economy Financing Facility (GEFF) in Serbia that will provide loans to households for energy efficiency improvements. Incentives and technical cooperation in support of green technology investments will be provided by the European Union (EU), the Austrian Federal Ministry of Finance and the European Western Balkans Joint Fund (EWBJF) under the Western Balkans Investment Framework (WBIF).
This financing comes as part of a larger €85 million GEFF programme for the Western Balkans and is implemented under the Regional Energy Efficiency Programme for the Western Balkans (REEP Plus). The programme is a joint initiative of the EU, bilateral donors and beneficiary countries cooperating under the Western Balkans Investment Framework (WBIF). REEP Plus is implemented by the EBRD in close collaboration with the Energy Community Secretariat.
In total, the REEP Plus programme will benefit from €135 million for investments in the residential sector, supported by €30 million in EU funding and €1.8 million from the European Western Balkans Joint Fund, as well as €3.3 million provided by the Austrian Federal Ministry of Finance. The programme also provides policy support for harmonising the country's regulations on energy efficiency performance in buildings with the relevant European Directives.