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EU to finance large-scale energy efficiency measures in buildings in Armenia

March 21, 2019

On 18 March 2019, Lawrence Meredith, Director for Neighbourhood East at the European Commission, and representatives of leading International Financing Institutions (IFIs) met with key government Ministers and sector experts in Yerevan. They discussed policy priorities and sustainable investment solutions for energy efficiency in public and private buildings.

Speaking on behalf of the EU, Meredith said: “In Armenia, buildings consume up to 40% of total energy, which has a significant impact on Armenian families’ budgets and the environment. Together with the main financing institutions, we are here to discuss with the new Armenian government where mobilizing our support would significantly improve energy efficiency in buildings and, ultimately, the living standards of people.”

As such, the European Commission, together with IFIs, will identify priority areas for support of energy efficiency measures in public and private buildings. The initiative aims to move away from individual energy efficiency projects to a comprehensive approach that supports concrete policy actions and scales up sustainable investments.

The participating institutions are the European Commission, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the International Monetary Fund (IMF), the World Bank (WB), the International Finance Corporation (IFC), KfW Development Bank (KfW), the Agence Française de Développement (AFD) and the Asian Development Bank (ADB).

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Press release

EU4Energy Programme

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