The Lithuanian Housing Strategy for Multi-Apartment Buildings Renovation Program III
Sector:
Energy efficiency
RBF Instrument:
Subsidy, incentive payment
Greenhouse Gases (GHG) Avoided:
Total CO2 reduction was 20,880 tons/year.
Budget (USD):
$28.6 million for the first round
Project Sponsor:
ESMAP,World Bank
Description:
The renovated building yields climate mitigation benefits: Total energy savings was 82.25 GWh/year (8.22 percent of the program’s objective of 1000 GWh/year), and total CO2 reduction was 20,880 tons/year.
Description of the RBF Scheme:
Sufficient subsidies (up to 30 percent) were in place to reduce the investment payback periods up to 10 years, in order to make investments more attractive and stimulate demand. The exact subsidy amount for each project were determined based on renovation measures implemented and energy savings achieved (above Class C energy performance).
The Climate Change Program is offering an additional 15-percent-plus-10-percent subsidy (until end 2014) for EE upgrade projects that achieve energy savings of 40 percent or more.
Publication Title:
Scaling Up Energy Efficiency in Buildings in the Western Balkans -The Residential Energy Efficiency Program in Lithuania
Blog » The Lithuanian Housing Strategy for Multi-Apartment Buildings Renovation Program III
The Lithuanian Housing Strategy for Multi-Apartment Buildings Renovation Program III
Project Name:
The Lithuanian Housing Strategy for Multi-Apartment Buildings Renovation Program III
Sector:
Energy efficiency
RBF Instrument:
Subsidy, incentive payment
Greenhouse Gases (GHG) Avoided:
Total CO2 reduction was 20,880 tons/year.
Budget (USD):
$28.6 million for the first round
Project Sponsor:
ESMAP,World Bank
Description:
The renovated building yields climate mitigation benefits: Total energy savings was 82.25 GWh/year (8.22 percent of the program’s objective of 1000 GWh/year), and total CO2 reduction was 20,880 tons/year.
Description of the RBF Scheme:
Sufficient subsidies (up to 30 percent) were in place to reduce the investment payback periods up to 10 years, in order to make investments more attractive and stimulate demand. The exact subsidy amount for each project were determined based on renovation measures implemented and energy savings achieved (above Class C energy performance).
The Climate Change Program is offering an additional 15-percent-plus-10-percent subsidy (until end 2014) for EE upgrade projects that achieve energy savings of 40 percent or more.
Publication Title:
Scaling Up Energy Efficiency in Buildings in the Western Balkans -The Residential Energy Efficiency Program in Lithuania