1. CASE – Centrum Analiz Społeczno-Ekonomicznych
CASE – Center for Social and Economic Research

2. Financing energy efficiency Senior economist, CASE Warsaw
Financing energy efficiency
in Central Europe
Marian Mraz
Senior economist, CASE Warsaw

3. Why energy efficiency
Energy efficiency choices - trade off between higher initial capital costs and uncertain lower future energy operating costs
Lower costs, smaller environmental impact (CO2 / local pollution)
Buildings are on the front line of this - high consumption of energy, efficient buildings offer opportunities to save money while reducing GHG emissions. (e.g. SK – 36 % planned energy savings )
Market barriers - low energy prices, fluctuating energy prices, high technology costs or “behavioral failures”

4. Market failures
taken from Gillingham et al. 2009

5. Designing energy efficiency policies
Indicative national target for energy efficiency (EED)
EU Energy consumption in 2020 cap set at (20 % relative to PRIMES projections from 2007)
1483 Mtoe of primary energy consumption (SK PJ)
1086 Mtoe of final energy consumption (SK – 387 PJ)
Energy savings in buildings EU Directive 2010/31/EU on energy performance of buildings
From January 1st 2014 commitment to reconstruct on annual basis at least 3 % of the total floor are heated or cooled buildings owned by governmental authorities in a way to meet at lease the minimal requirements on energy efficiency set by the MS in line with Article 4 of the Directive
SK – all public buildings considered in setting the overall target of 52,17 GWh / year i.e. until ,19 GWh

6. Where to reduce energy consumption
Action plan for energy efficiency (2017 – 2019) with outlook towards 2020 (in preparation)
improving the thermal and technical properties of buildings by significant or partial renovation,
the new construction of low-energy and ultra-low-energy buildings as well as nearly zero-energy buildings,
energy saving measures on technical equipment of buildings realized on the basis of application of conceptual and strategic materials, legislative obligations or through energy services.
awareness rising campaign “Žiť energiou” implemented by SIEA
Skupiny opatrení v budovách:
Úspora [TJ]
Zlepšovanie tepelno-technických vlastností budov
4 230,02
Nová výstavba v nízkoenergetickom štandarde
340,23
Opatrenia na úsporu energie na TZB
446,03
Spolu:
5 016,28

7. Sources of financing SK
Remaining lack of market based financing
Subsidies from public resources
State housing development fund
Operation funds (regional, Bratislava country, Competitiveness and economic growth)
EU funds
prostredníctvom finančného mechanizmu JESSICA (Joint European Support for Sustainable Investments in Urban Areas) co-operation initiative between EIB and Rozvojovou bankou Rady Európy.
“Green initiative” – EIB offers partner Bank institutes resources to develop credit products for small and middle enterprises, including housing enterprises, house owners associations or energy service companies for projects with focus on reduction of energy consumption and GHG emissions dd

8. Sources of financing CZ
Energy performance contracting (15 companies in CZ, direct contribution from public sources available)
Subsidies
Operational programs with focus on environment, integrated regional operation program
Program Panel
Joint program for boiler exchange – State fund for environment, contribution to exchange boilers from small combustion sources up to 50 kW using solid fuels
EU funds
Program JESSICA
Operational programs financed from European structural and investment funds
Awareness raising programs, seminars and publications
“Nová zelená úsporám” – direct investments using revenues from sales of CO2 emission permits 2013, dd

9. Financing energy efficiency
EuroPACE: Unlocking investment opportunities for home retrofits
EU Emissions Trading System: Using auction revenues and Modernization Fund to support Energy Efficiency
Carbon trading in Effort Sharing: How to use it for financing energy efficiency dd

10. Thank you! Thank you @CASE_research CASE-Network
CASE – Center for Social and Economic Research