Eastern Europe Energy Efficiency and Environment Partnership (E5P)
The E5P is a €462 million multi-donor and multi-IFI Fund operating in Ukraine, Armenia, Azerbaijan, Georgia and Moldova. It was initiated during the Swedish Presidency of the European Union in 2009. It aims at supporting high impact energy efficiency and environmental investments in the Eastern Partnership countries. The E5P merges financial contributions from the European Union and a group of 24 nations, including countries which are benefiting from the fund. The contributions are used as grants to support municipal sector projects. The projects approved for implementation in Ukraine have shown that the E5P grants can leverage on average investment volumes that are five times the size of the committed grants. The grant allocations are flexible and recognise priorities of each recipient country with the overall aim to reduce energy use, pollution and greenhouse gas emissions. The fund also supports policy dialogue and regulatory reform.
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Related capital sources
Other funders with an overlapping mandate.
- Green Climate FundClimate Fund
- Climate Investment FundsClimate Fund
- Global Environment FacilityClimate Fund
- Adaptation FundClimate Fund
- GEF Small Grants ProgrammeClimate Fund
- Capacity-Building Initiative for Transparency (CBIT)Climate Fund
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Members-only detail for Eastern Europe Energy Efficiency and Environment Partnership (E5P)
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