Project Description
The project assists Russian homeowner associations and housing management
companies with gaining access to finance for the purpose of improving the
energy efficiency (EE) of the country's existing housing stock. It does so
by creating an effective legal and institutional platform. Specific
actions include: 1) addressing key legal and regulatory issues,
particularly the framework for EE in residential buildings and legislation
enabling local homeowner associations and management companies to access
finance for improving EE in multifamily buildings; 2) working with partner
Russian banks to develop and market financially viable residential EE
products; and 3) increasing awareness about residential EE among key
market stakeholders. The objective is to facilitate at least $100 million
of investment into energy-efficient renovations of multifamily buildings,
and to directly avoid at least 400,000 tons of CO2 emissions per year.