The Ministry of Economy and Sustainable Development of the Republic of Croatia and the European Investment Bank hosted the Energy Finance in Croatia workshop.
Meeting the EU climate and energy targets will require massive investment in the energy sector and support to regions transitioning away from fossil fuels. Croatia’s National Energy and Climate Plan (NECP) and the national strategy foresee investments across the energy sector: hydropower, wind farms, solar photovoltaic (PV) plants, hydrogen energy and production of electric batteries as well as the renovation and expansion of the electricity networks. Investment in energy efficiency in the country also presents an important potential to reduce emissions as well as energy bills.
The dialogue between the Government, the industry, the European Commission (EC) and the European Investment Bank (EIB) offered an opportunity to discuss how, under its new Energy Lending Policy, the Bank can best support Croatia in order to deliver the National and European Energy and Climate Targets. The workshop provided a comprehensive overview of EU financing instruments. The EU has set up several mechanisms and funds to support its energy and climate policy and has announced that around 20% of the funding under NextGenerationEU will be invested in European Green Deal objectives. The EIB, as the EU Climate Bank, provides advisory services and financing to the public and private sectors through a wide range of products.
More information on the agenda, speakers and online conference guide can be found here.