Ukraine

The Ukrainian government recognizes investing in energy efficiency (EE) as a pillar of its energy sector strategy for reducing reliance on imported natural gas, mitigating the financial and fiscal stresses of high energy costs, and supporting economic recovery and long-term growth. Major government initiatives have been or are being undertaken to scale up EE investments in industries and residential buildings, two of the largest final energy consumers. Efforts to support EE in the public sector also received a boost with the recent enactment of the energy service company (ESCO) law and amendments to the budget code to enable energy performance contracting. The municipal sector - which includes municipal buildings as well as municipal services such as public lighting, district heating, water and sanitation, solid waste, and public transportation - accounts for the lion’s share of final energy consumption in the public sector. Facilitating and scaling up municipal EE finance should be a key component of the government’s national EE support agenda. Creating a dedicated EE revolving fund (EERF) for the public sector - and focusing its initial efforts on financing EE renovation of municipal buildings - will fill a critical gap in municipal EE financing in Ukraine and help address perhaps the most pressing municipal EE investment needs of Ukrainian cities.

Bibliographic Details

Main Authors:	Limaye, Dilip R., Liu, Feng
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-09
Subjects:	TARIFFS, ADMINISTRATIVE BURDEN, BORROWER, BUSINESS OPPORTUNITIES, FINANCING, DIRECT FINANCING, FLOW OF FUNDS, INTEREST, GUARANTEES, FINANCIAL ASSISTANCE, INTEREST RATE, REVOLVING FUND, STOCK MARKET, CREDIT PROBLEMS, REPAYMENTS, REVENUES, CAPACITY BUILDING, LOAN, CREDITWORTHINESS, FEE, LOAN AMOUNT, BORROWERS, SUBSIDY, PAYMENTS, SAVING, INTERNATIONAL BANK, CASH FLOWS, LENDER, BANK LENDING, BUDGET, REVOLVING FUNDS, MUNICIPAL BONDS, REPAYMENT PERIODS, INTERNATIONAL FINANCE, AFFORDABLE COST, SOVEREIGN GUARANTEES, SAVINGS, FINANCIAL SUSTAINABILITY, TECHNICAL ASSISTANCE, PUBLIC-PRIVATE PARTNERSHIP, FINANCIAL INSTITUTION, LOAN FUNDS, MARKET DEVELOPMENT, HIGH INTEREST RATES, COMMERCIAL BANK, PARTIAL CREDIT, ACCESS TO FINANCING, UNION, PUBLIC FUNDS, INTEREST RATES, PAYMENT, FINANCIAL INSTITUTIONS, DEBT, LIMITED ACCESS, FINANCING NEEDS, FINANCIAL PRODUCTS, LOAN REPAYMENTS, LENDERS, LOANS, ENTERPRISES, SOCIAL DEVELOPMENT, DEBT SERVICE, CAPITAL INVESTMENTS, DONOR FUNDS, POOR CREDIT, BANK FINANCING, FINANCE, BANKS, CREDIT LINE, DEBT FINANCING, COLLATERAL REQUIREMENTS, GRANT, ELIGIBLE BORROWERS, INTEREST PAYMENTS, CAPITAL, DIRECT LOANS, SOVEREIGN GUARANTEE, LACK OF ACCESS, ACCESS TO FINANCE, PRIVATE LENDERS, BANK, CREDIT, LOAN PROGRAM, INVESTMENT BANK, BOND MARKET, REPAYMENT, EXTERNAL FUNDS, ENTERPRISE, DEBT SECURITIES, CREDIT HISTORIES, COMMERCIAL LOANS, PHYSICAL ASSETS, MUNICIPAL BOND, TRANSACTION COSTS, ESCROW ACCOUNT, CREDIT GUARANTEE, SECURITIES, CREDIT RISK, AFFORDABLE FINANCING, INSTITUTIONAL REFORM, BANK LOAN, CORPORATE DEBT, COMMERCIAL LENDERS, SECURITY, INVESTMENT, CREDIT GUARANTEES, RATES OF RETURN, LACK OF KNOWLEDGE, COMMERCIAL BANKS, PUBLIC FACILITIES, COLLATERAL, INTERNAL FUNDS, TARIFF, COOPERATION, FINANCIAL INTERMEDIARY, REVENUE, COMMERCIAL LENDING, INITIAL FUNDING, BORROWING, INVESTMENTS, EXTERNAL FINANCING, FEES, LACK OF INFORMATION, LOAN FACILITY, CREDIT LINES, GUARANTEE, INITIAL INVESTMENT, DEVELOPMENT BANK,
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25909892/ukraine-facilitating-municipal-energy-efficiency-finance-policy-paper https://hdl.handle.net/10986/23799
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