Green Investment Scheme
Topic of the practice
Improving the green credentials of apartment buildings and private properties
Good Practice Information
The Estonian Green Investment Scheme is a demand side, eco-innovation instrument, intended to improve the green credentials of apartment buildings and private properties. The objective of the instrument is to assist in reconstruction and renovation, achieve indoor climate and energy efficiency and support the take-up of renewable energies.
The scheme is implemented in two streams: one for apartment buildings and one for small private properties. Both are funded by the Ministry of Economic Affairs and Communication, and administered by KredEx.
Evidence of success
The apartment building stream had a budget of €30 million for the period of August 2010 to November 2012. KredEx together with KfW Bankengruppe developed a long-term renovation loan with preferential interest. The minimum loan amount is €7,340, and funding is assigned as 15, 25 or 35% of total costs.
The budget for private building renovation was €4 million for August 2012 to November 2013. Of this, €3m is for renovation grants, and €1m for the purchasing of green energy appliances. Minimum grant is €1,000, and maximum is €30,000.
Contact details to obtain further information on the practice
Annex completed on: 09-24-2012