The Cabinet of Ministers endorsed the concept of the Energy Efficiency Fund to be created.
“Setting up the Energy Efficiency Fund will allow making very simple things, first of all, improve the efficiency of energy consumption. We have about 100,000 multi-apartment buildings, 7.5 million private households. We don’t need to do pilot projects but broad scale implementation, effectively, in every town, in every settlement. Today energy efficiency concerns the whole country”, Deputy Prime Minister, Minister of Regional Development, Construction, Housing and Utilities Services Hennadiy Zubko said.
Zubko said donors from the European Union and the German government were close to confirming their participation in co-financing the fund beginning with next year.
According to the minister, the successful work of the fund will allow saving of 1.5 billion cubic meters of gas annually, ensuring the creation of 75,000 new jobs with the involvement of small and medium-sized businesses in the thermal modernization market, conducting energy efficiency measures and energy audits in the residential sector, as well as help annually save about 5 billion UAH of national budget funds intended for payment of subsidies for housing and utilities services. (Interfax/Business World Magazine)