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.