Presentation on theme: "Promoting Energy Efficiency in Buildings: the CEB’s Experience León Herrera Director of European Affairs Brussels - 19 June 2009."— Presentation transcript:
Promoting Energy Efficiency in Buildings: the CEB’s Experience León Herrera Director of European Affairs Brussels - 19 June 2009
2 A multilateral development bank with a social vocation CEB: supranational financial institution set up in 1956 by 8 member countries of the Council of Europe Main objective: foster social cohesion in Europe 40 European member States today among them 21 Central, Eastern and South- Eastern European countries have joined the Bank since the early 1990s
3 Key figures Some € 30 billion in projects financed since inception Outstanding loan portfolio: € 12.4 billion Total assets: € 21 billion Shareholders' equity: € 1.8 billion Loans disbursed in 2008: € 1 505 million Rating AAA (Moody’s, S&P, Fitch) (figures as of December 2008)
4 CEB’s approach to energy efficiency in the residential building sector EE not only has an economic impact but also a strong social dimension: helps to compensate poverty in fuel improves living conditions helps to soften social inequality “It is vital to interlink EE policies in housing and social policies” (UNECE, EE in housing March 2009) What does the ”residential building sector” cover? Houses, of course Student residences, residences for elderly persons Schools, hospitals, retention centres? (social/HR issue)
5 CEB and energy efficiency in housing (1/2) Since 2000 ca € 550 million approved in favour of housing projects Out of which some € 340 million (> 60%) for improving energy efficiency Already about 86,000 housing units financed (figures as of 31 December 2008)
6 The project: Prime objective: reduce household energy consumption and encourage use of renewable energy in housing Part of national energy saving and energy efficiency improvement programme 2000-2010 Beneficiaries: Households, municipalities, condominiums and housing co- operatives Hungary: energy efficiency in housing (1/3)
7 Hungary: energy efficiency in housing (2/3) EE measures applied: Renovating and modernising buildings for the purpose of energy saving: External thermo-insulation (over-cladding), reduction of thermal breaks; replacement of single glazed doors/windows, retrofitting heating, hot water supply and electrical/lighting system Fitting individual (per flat) heat thermoregulatory and consumption measuring devices in buildings supplied by district heating Installation of solar, photovoltaic, biomass, geothermic or wind devices for heating and electricity generation purposes (under National Energy Plan, NEP)
8 Implementation schedule: 2006-2010 Financial instrument: Loan to government, to complement budgetary resources. Government grants to final beneficiaries Project partners included: Hungarian Ministry of Finance (borrower), Ministry of Economy and Transport and Ministry of Local Government and Regional Development (implementing) Progress to date: Up to 200,000 dwelling units (at end 2008), of which 80% were subject to energy efficiency measures. Expected energy savings around 20-30% Hungary: energy efficiency in housing (3/3)
9 The project: Renovation of 35 higher education and science institutions Sub-projects located throughout Lithuania (in 7 main cities) Objectives: Improved thermal insulation of 370 buildings and consequent cost savings Improved health and safety conditions of building occupants Improved living conditions in student dormitories Lithuania: energy efficiency in higher education facilities (1/3)
10 Lithuania: energy efficiency in higher education facilities (2/3) EE measures applied: Insulation of roofs and external walls Replacement and renovation of windows Renovation of heating and ventilation systems Results: Average decrease in energy consumption of between 20%-30% for the renovated facilities; consequent reduction in atmospheric emissions (CO 2 ) Improved standards of working, studying and living Increase of the buildings’ usable surface and optimisation of already existing capacity due to better thermal insulation
11 Lithuania: energy efficiency in higher education facilities (3/3) Project implementation in 2 stages: 2001-2002 (Stage 1), 2003-2006 (Stage 2) Financial product: Loan to government to complement budgetary resources Project partners: Lithuania Ministry of Finance (borrower), Ministry of Education and Science, Central Project Management Agency (implementing) Lessons learned: Lack or scarce budgetary resources, cast over several years/ investment items, results in inefficient use of funds. A good implementation agency is capital to achieve solid results
12 For more information: For more information: Council of Europe Development Bank (CEB) Directorate General for Loans Projects Department 55, avenue Kléber 75116 Paris, France Tel: +33 1 47 55 55 00 Fax: +33 1 47 55 37 52 www.coebank.org
GM Low Carbon Economic Area for the Built Environment Michael O’Doherty Assistant Director Housing Manchester CC _______________________________________________________________________________________________________________________.
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