Robust MRV for the building sector established (Establishment of building sector MRV and knowledge management)

Fund-level impact: M.3 Reduced emissions from buildings, cities, industries and appliances.
Fund level indicator: Tonnes of carbon dioxide equivalent reduced or avoided as a result of Fund-funded projects
Fund-level impact: M.3 Reduced emissions from buildings, cities, industries and appliances.
Fund-level indicator: Cost per t CO2eq. Defined as total investment cost / expected lifetime emission reductions
Fund-level impact: M.3 Reduced emissions from buildings, cities, industries and appliances.
Fund-level indicator: Volume of finance leveraged by the project and as a result of the Fund's financing, disaggregated by public and private sources
Project outcome: M7.0 Lower energy intensity of buildings, cities, industries and appliances. Project outcome indicator: 7.1 Energy intensity / improved efficiency of buildings, cities, industries and appliances as a result of Fund support.
Project outcome: M5.0 Strengthened institutional and regulatory systems. Project outcome indicator: 5.1 Institutional and regulatory systems that improve incentives for low-emission planning and development and their effective implementation (outcome indicator for Component 2).
UNDP IRRF 1.5: Inclusive and sustainable solutions adopted to achieve increased energy efficiency and universal modern energy access: 1.5.1 Number of new development partnerships with funding for improved energy efficiency and / or sustainable energy solutions targeting underserved communities / groups and women.
Output: 1.1 MRV systems for the buildings sector in Armenia established: Development and coverage of MRV system and database
Output: 1.2 Knowledge management and MRV information disseminated: Number of beneficiaries with access to knowledge about energy use in buildings, opportunities and financing for EE
Output: Establishment of a web-based, publicly-accessible MRV database
Output: 2.1 Public instruments for the promotion of investment in EE selected: UNDP's framework to support policy-makers in selecting public instruments to promote energy efficiency investment in developing countries used, adapted as necessary
Output: 2.2 Support provided to on-going legal reform in the field of EE: Binding legislation on building codes and adequate secondary legislation adopted.
Output: 2.3 Support provided for the creation of an enabling policy framework for EE retrofits in multi-owner residential buildings: Adequate secondary legislation providing a clear and effective set of functional models and a standard set of rules for multi-owner building management bodies to undertake EE retrofits developed, introduced and enforced
Output: 2.4 Support provided to building owners / managers / owner associations / ESCOs on legal matters related to EE retrofit projects: Business models for repayment of EE investments implemented
Output: 2.5 Exit strategy measures implemented: Additional exit strategy measures designed and implemented
Output: 3.1 Technical assistance provided to banks and other financial institutions: Capacity of banks to develop and market products for energy efficiency retrofits in individual houses
Output: 3.2 Technical assistance for HOA market facilitation provided to banks: Capacity of banks to develop and market products for energy efficiency retrofits in multi-owner residential buildings.
Output: 3.3 Technical assistance provided to local government to develop EE retrofit projects for publicly-owned buildings: Percentage of local government employees in Armenia who believe they have the capacity to develop EE retrofit projects for publicly-owned buildings
Output: 3.4 Access to affordable capital for EE retrofits provided: Amount and number of loans for building renovation provided
Output: 3.5 Marketing platform created: Marketing materials developed and platform created
Output: Value of loans for building renovation provided.
Number (size) of public buildings
Output: 4.1 Targeted financial incentives provided to vulnerable groups to help address the affordability gap: Financial mechanism to provide targeted financial incentives in place and incentives provided
Output: Number of vulnerable beneficiaries (lowest quintile of household income) with improved building EE

National, sub-national and local authorities adopt and implement an enabling policy framework for EE retrofits(Policy de-risking)

Access to affordable capital for EE retrofits provided(Financial de-risking)

Affordability of EE retrofits for most vulnerable households ensured through targeted financial incentives to building / apartment owners / ESCOs(Financial incentives)