Lead country
Armenia
Participating countries
Armenia
Project status
Under implementation
Implementing period
From July 7, 2017 to March 30, 2024
Project ID: 5684
*The boundaries shown and the designations used on the above map and included in lists, tables and documents on this website do not imply official endorsement or acceptance by the United Nations or UNDP | References to Kosovo* shall be understood to be in the context of UN Security Council resolution 1244 (1999).
Technical team
- Energy Programme
Technical area(s)
- Energy efficiency
Sub-area(s)
- Buildings
Landscape(s)
- Human altered areas
Sub-landscape(s)
- Urban areas
Transformed sector(s)
- Other sectors
UNDP role(s)
- Capacity development / Technical assistance
- Institutional mechanism and system building
- Policy advice
Strategy
- Monitor inventory
- Law regulation
- Finance economy
Sub-strategy
- Knowledge/Data management
- Awareness raising
- Technical capacity building
- Laws/ Policy/ Plan formulation
- Standards/ Labeling/ Guideline
- Institutional framework
- Energy finance
Social inclusion
- Private sector
Gender equality
N/A
Gender result effectiveness scale
N/A
Pathway(s)
- People pathway
- Systems pathway
- Sci-tech pathway
Risk reduction target(s)
- Hazard control/mitigation
SDG target(s)
- 7.3 Double global rate energy efficiency improvement
- 9.4 Upgrade infrastructure, retrofit industries for sustainability
Conventions and protocols
N/A
Private sector(s)
- Capital providers
Hot topic
- Multi-stakeholder collaboration
About this project
Description
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.
Objectives
The project objective is to use an integrated suite of interventions to systematically de-carbonise the existing building stock to realise both energy savings and sustainable development benefits. The project will create a favourable market environment and scalable business model for investment in energy efficiency retrofits, leading to sizeable energy savings and accompanying GHG emission reductions (directly, 1.4 million tCO2 over the 20-year lifetime of the investments; including additional indirect savings, a total of between 4.2-4.4 tCO2eq). It will also catalyse additional private and public sector financing of approximately US$ 100 million.
USD $20,000,000
Grant amount
USD $96,070,000
Leveraged amount (co-financing)
1
Source(s) of fund
Sources of fund
- Green Climate Fund Common ($20,000,000)
Implementing partner(s)
- Ministry of Nature Protection of Republic of Armenia
Project metrics
Related resources
Geospatial information
Discover relevant spatial data related to this project/country/region, powered by UN BiodiversityLab
Project reports and documentation