UNECE Energy Efficiency Project to Establish Investment Fund

9 June 2010: The 15th session of Ad Hoc Group of Experts on Energy Efficiency Investments for Climate Change Mitigation of the UN Economic Commission for Europe (UNECE) met in Geneva, Switzerland, on 9 June 2010. The meeting concluded with agreement to establish a UNECE-sponsored private-public partnership investment fund for energy efficiency and renewable energy projects.

The fund, to be estabnlished before the end of 2010 for the 12 countries participating in the project Financing Energy Efficiency Investments for Climate Change Mitigation (FEEI), will support projects in Central and Eastern Europe and Central Asia. It will function on commercial terms, with a view to fostering market formation and demonstrating that energy efficiency projects can become business-as-usual for the financial sector. It is expected that this initiative will be replicated in other countries of the UNECE region and other regions of the world. [UNECE Press Release] [FEEI Project Website]