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Environmental Protection and Energy Efficiency Fund of the Republic of Croatia

The Environmental Protection and Energy Efficiency Fund of the Republic of Croatia is a structured extra-budgetary fund which finances projects and activities in three basic areas: environmental protection, energy efficiency, and the use of renewable energy sources. It has been established by the Law on the Environmental Protection and Energy Efficiency Fund on July 1st 2003 (Official Gazette of the Republic of Croatia No. 107/2003).

The Fund has been established cooperatively by the Ministry of the Economy and the Ministry of Environmental Protection and Physical Planning of the Republic of Croatia. As a consultant for the Ministry of the Economy, the Energy Institute Hrvoje Poaar participated, and still participates, in virtually all activities related to the Fund’s establishment and operation. The Institute’s experts played an active role in the processes that led to the Fund’s establishment and they still participate in expert groups for the preparation of secondary legislation and regulations. At present, they are developing framework guidelines for the Fund’s programme and financial activities in the areas of energy efficiency and the use of renewable energy sources. These guidelines are prepared in the form of a study.

The goals of the study are to: gather existing information on potential financing areas; prioritise this information so that it conforms with the Energy Sector Development Strategy and the feasibility of projects which have been identified within priority areas; define financial mechanisms at the disposal of the Fund (loans, grants, international funding); associate available financial mechanisms with projects; take into account existing financial support mechanisms for energy efficiency and the use of renewable energy sources so that they can adequately supplement the Fund and avoid collision with its financing programmes.

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