The proposed EBRD-GEF project is designed to reduce greenhouse gas emissions in Russia by improving efficient use of energy in Public Buildings such as kindergartens, schools, hospitals, and public offices. By combining technical assistance with financing, the EBRD aims to help local authorities overcome common obstacles to financing energy efficiency (EE) improvements such as allocation of resources for energy audits and project preparation, tendering procedures, and management of larger-scale programs that may need additional dedicated resources. By the end of the project, a sufficiently large number of Russian cities will be using EPC mechanisms (target 5 cities) and numerous other Russian cities will have been supported or trained (target at least 50) that they can then build on this experience and continue the development of the market without outside influence. Investment barriers will be addressed through credit for municipal EE investments and the introduction of the sale of receivables (forfaiting) as a means of EE financing. Direct emission reductions from the project, over 20-year equipment lifetimes is estimated to be 3.8 million tonnes.

Project Details

GEF Project ID
Russian Federation
Implementing Agencies
European Bank for Reconstruction and Development
Approval FY
Project Approved
Europe and Central Asia
Executing Agencies
GEF Period
GEF - 4
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund


Co-financing Total
GEF Project Grant
GEF Agency Fees


Received by GEF
22 Jan 2008
Concept Approved
01 Apr 2008
Project Approved for Implementation
02 Nov 2010