Information about E5P

Eastern Europe Energy Effi ciency and Environment Partnership

The E5P is a €93 million multi-donor Fund initiated during the Swedish Presidency of the European Union in 2009 to encourage investment in energy efficiency and environmental projects in Ukraine with the intention to include other Eastern Partnership countries. In 2012, the E5P Contributors decided to expand the initiative to Moldova, Georgia, Armenia and Azerbaijan.

The Fund is a shared endeavour. It merges financial contributions from the European Union and a group of over ten nations to provide access to both loans and grants for municipal sector projects. The grant allocation criteria are fl exible and aim to reduce energy use, pollution and greenhouse gas emissions while

avoiding market distortion and increasing competitiveness. The Fund also supports policy dialogue and regulatory improvements.