ArmInfo. On June 30, the Ministry of Nature Protection of Armenia discussed the program "Reducing risks and expanding the scale of investments in the modernization of energy efficient buildings" of the Green Climate Fund (GCF).
According to the press service of the Ministry of Nature Protection, according to the Minister of Artsvik Minasyan, the program's goal is to implement measures aimed at eliminating the consequences of negative climate changes. "As a result of the program, we expect a significant increase in energy efficiency, which will save considerable resources and direct them to the development of other areas," he said.
The permanent representative of the UNDP office in Armenia, Dmitri Mariasin, in his turn, noted the importance of legislative regulation in the implementation of energy efficient mechanisms.
According to the first vice-mayor of Yerevan Kamo Areyan, following the pilot program implemented in the Avan community, as a result of the thermal insulation of the building, it was possible to achieve 50- 60% of energy saving and reducing greenhouse gas emissions, according to the green lighting program, savings amounted to 60-70%.
Armenia will receive a $ 20 million grant from the United Nations Green Climate Fund (GCF) to increase the energy efficiency of buildings. The application for a grant under the program "Reducing risks and expanding the scale of investments in the modernization of energy efficient buildings" was approved at the 13th meeting of the fund, which was held on June 29 in the South Korean city of Songdo. The project is aimed at creating favorable conditions for investments in energy efficiency of public and private buildings in Armenia and will be implemented in cooperation with the Yerevan Municipality. "The application of Armenia was the first project from Central and Eastern Europe, which was approved by the Council," the UNDP website says. GCF is a unique global platform that responds to climate change through investment in low-emission and climate-resilient countries. The fund was created by the governments of 194 countries to limit or reduce greenhouse gas emissions in developing countries, and to promote the adaptation of vulnerable societies to the inevitable consequences of climate change.