bulgarian national green investment scheme

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Bulgarian National Green Investment Scheme Implemented through the National Trust EcoFund

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Page 1: Bulgarian National Green Investment Scheme

Bulgarian National Green Investment Scheme

Implemented through the National Trust EcoFund

Page 2: Bulgarian National Green Investment Scheme

CONTENT

• Legal basis of the NGIS

• NTEF – implementing agency

• The implementation of NGIS

• Implemented public projects

• The Private projects

• Results – environmental, financial, social

Page 3: Bulgarian National Green Investment Scheme

LEGAL BASIS OF THE NGIS

• United Nations Framework Convention on Climate Change

• Art. 17 of Kyoto Protocol

• Bulgarian NGIS Started in 2010 with the adoption of amendments to the Environmental Protection Act

• Climate Change Act – 2014

• Regulations governing the structure and the activities of the National Trust Eco Fund

Page 4: Bulgarian National Green Investment Scheme

NTEFNTEF is a legal entity pursuant to:

• The “Debt-for-Environment“ Swap Agreement between the Governments of Switzerland and Bulgaria of 23 October, 1995;

• Articles 66, 67 and 68 of the Environment Protection Act;• The Regulation on Organization and Activities of the National Trust Ecofund.

• Management bodies - BoD, Consultative Council, EB (7 permanent and 7 on service contracts)

• Priority Areas for funding - Reduction of air pollution and energy efficiency; Clean water protection; Clean up of past pollution; Protection of biodiversity

• The Debt for Environment Program funded 100 projects at the amount of 26 Mill BGN

• Environmental Remediation Pilot Project – Pirdop – specific role of NTEF – financial management and coordination of the stakeholders interest

• Protected Areas Fund – established as a revolving fund for the purposes of nature conservation

• NGIS operator

Page 5: Bulgarian National Green Investment Scheme
Page 6: Bulgarian National Green Investment Scheme

IMPLEMENTATION OF NGIS

• Two Agreements for the Purchase of Assigned Amount Units under a Green Investment Scheme between the Republic of Bulgaria and the Republic of Austria – October 2011 and April 2012 - conditions for the sell of Assigned Amount Units and the obligations and responsibilities of the two parties

• Greening Frameworks – targeted greening activities, time frame, legal framework, responsible institutions, GIS funds transfer scheme, eligible funds and fund allocations, project selection process, monitoring of the greening effect, reporting and auditing procedures,

• Operations Manual of the NGIS

Page 7: Bulgarian National Green Investment Scheme

PUBLIC PROJECTS FOR ENERGY EFFICIENCY

• 85 buildings in 29 municipalities in Bulgaria.

• Total value of the projects - 38 Mill BGN;

• Subsidy of NGIS - 32 Mill BGN

Page 8: Bulgarian National Green Investment Scheme

PUBLIC PROJECTS FOR ENERGY EFFICIENCY

• Kindergarten – 39;

• Schools – 33;

• Community cultural centers – 4;

• Universities – 2;

• Administrative buildings– 4;

• Sports halls -2;

• Theater – 1

Page 9: Bulgarian National Green Investment Scheme

PUBLIC PROJECTS FOR ENERGY EFFICIENCY

Types of measures:

• Windows replacement;

• Walls insulations;

• Floor insulations;

• Ceiling insulations;

• Heating systems and gasification;

• Effective lightening;

• Energy consumption management and control tools;

• Renewable energy sources – solar panels.

Page 10: Bulgarian National Green Investment Scheme

RESULTS – ENVIRONMENTAL, FINANCIAL, SOCIAL

Reduced

GHG

emissions (tCO2eq/year)

Achieved

savings

of financial

resources

(BGN/year)

Number

of

people

affected

AAUPA I 7 017 1 786 827 23 612

AAUPA II 8 413 2 522 493 46 367

TOTAL 15 430 4 336 320 69 979

Page 11: Bulgarian National Green Investment Scheme

PRIVATE PROJECTProject“ECO ENERGY PARK DOSPAT”–Gasification and co-generation of biomass for production of electric energy in the village of Barutin, municipality of Dospat

GHG emission reduction – 2500 tCO2eq/year

Page 12: Bulgarian National Green Investment Scheme

Thank you!

National Trust EcoFund

www.ecofund-bg.org

[email protected]

+359 2 973 36 37