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Project rationale and objectives: (i) Reduce Hungary's emissions of greenhouse gases (short-term measure) by improving energy efficiency for end-user applications(ii) Create local capacity to fund further energy efficiency projects and applications. (iii) Encourage the replication of the project elsewhere and raise public awareness about energy efficiency, as part of the country's climate change response strategy
Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
International Finance Corporation
Project ID
1316
GEF project type
Medium size
GEF project phase
GEF - 2
GEF Cofinancing
$93.200.000
GEF project grant
$700.000
Executing Agencies
International Finance Corporation