News Digest Item
24 Apr 2018

IFC, EU and Germany to boost energy efficiency in Ukraine

International Finance Corporation (IFC)

The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with the European Union and Germany to support the Ukrainian government’s efforts in reducing energy waste and greenhouse gas emissions in the residential sector, IFC said in a press release. A new multi-donor fund (EEF) will be set up to help boost energy efficiency in Ukraine. IFC will initially manage up to 53 million euros of funding from the EU (43 million euros) and Germany (10 million euros). German environment minister Svenja Schulze said that “the establishment of the EEF will support Ukraine in transforming energy subsidies to investments and reducing pressure on the public budget.”

Find the IFC press release in English here.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee