About Us
The UNDP – GCF “De-risking and Scaling-up Investment in Energy Efficient Building Retrofits” project’s document official signing date is 7th of July 2017. The Project is the 10th in the world and the first in region confirmed buy GCF with grant budget of 20 mln USD.
The Energy Efficient Building retrofits is a complex of activities, where the major component is roof heat insulation, installation of energy efficient doors and windows in public-access areas, upgrading of the illumination system, installation of LED lamps and sensors. Under full thermal retrofit, the outer walls of the buildings and cellar ceilings are also insulated.
UNDP-GCF Project Document
Using an integrated suite of de-risking interventions, the Project seeks to systematically de-carbonise the existing building stock in Armenia to reduce greenhouse gas (GHG) emissions while achieving sustainable development benefits. The Project, addressing both public and residential buildings, focuses on creating a favourable market environment and a scalable business model for investment in energy efficiency retrofits by addressing market barriers. These barriers to energy efficient building renovation are addressed through a combination of policy and financial de-risking instruments and targeted financial incentives to key market players.