Investing in energy efficiency and small renewable installations – a possible response to economic recovery after the COVID-19
Energy efficiency through its multiple benefits should not only be treated as “the first fuel”, but also as a source of economic regeneration post Corona Virus.
For this to happen, there is a need for enhanced investments in building renovations, increased use of sustainable heating and cooling, support for economies to produce nationally and install energy efficient technologies in residential, public, commercial buildings.
A strong partnership between International Financing Institutions, local partner banks, donors’ community, local materials and technologies manufacturers, installers, vendors and: Investing in Clean Energy in the Western Balkans publication identified that energy efficiency investment needs in the regions’ building sector alone are probably in excess of €3 billion.
An intensive communication and large public awareness raising of the available financing mechanisms, technologies, their benefits, and the financial support opportunities is critical.
Having this in view, the Energy Community Secretariat has taken upon itself the “mission” of sharing information and raising awareness of already existing financing opportunities.