GEF GRANT: US$5.5 million
PROJECT DESCRIPTION: The overall objective of the project is to develop a sustainable market for energy efficiency and renewable energy by supporting the development of an enabling framework, institutional capacity, and necessary financing mechanisms. This will help to make FYR Macedonia’s economy more competitive at the same time as reducing its dependence on energy imports. The Project will increase the demand for, and supply of, renewable and energy efficiency projects and services; will improve the affordability of energy services; and will generate employment. It will also encourage less polluting fuel use and improve air quality by reducing greenhouse gas emissions.