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Brief Description
The Eastern Europe Energy Efficiency and Environment Partnership (E5P) is a €243 million multi-donor and multi-implementing agency fund initiated during the Swedish Presidency of the European Union in 2009 to encourage municipal investments in energy efficiency and environmental projects in the Eastern Partnership region. Initially active in Ukraine, in 2014 the fund formally extended its activities to Armenia, Georgia and Moldova, Belarus joined in 2017, and Azerbaijan in 2019.
Objectives
Through its investments, the E5P aims to address multiple Sustainable Development Goals, from sustainable cities to clean water and sanitation to climate action and others. The E5P projects are expected to result in CO2 savings equivalent to almost 1 million tonnes as well as multiple other benefits in terms of urban air pollution reduction, waste and waste water reduction.
Actions in brief
How can the Partnership help?
The E5P fund merges financial contributions from the EU and a group of 21 nations (including the beneficiary countries) which are then used to attract national funds and loans from international financial institutions. Grants support energy efficiency projects, environmental initiatives to reduce CO2 emissions, and other harmful greenhouse gases, as well as to promote policy dialogue.
To be eligible for grant support, projects must demonstrate their potential for energy saving, capacity to reduce pollution and/or the potential for regulatory reform. Typical projects include district heating modernisation and water and wastewater treatment as well as projects to improve energy efficiency in public buildings and street lighting. The fund also supports efficient solid waste management and strategies to improve local transport.
Who stands to benefit?
Active in Ukraine since 2010, the fund formally extended its activities to Armenia, Georgia and Moldova in 2014, to Belarus in 2017 and to Azerbaijan in 2019.
Grant are flexible and recognise the specific priorities of each recipient country, helping national and regional governments reduce energy use, pollution, and greenhouse gas emissions. Experience from Ukraine has already shown that E5P grants contribute to investment volumes that are on average five times the size of the committed grants.
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