THE LOAN PROGRAM FOR IMPROVING ENERGY EFFICIENCY IN HOUSEHOLDS: ANALYSIS AND PERSPECTIVES
DOI:
https://doi.org/10.59864/Oditor22502MNKeywords:
credit lines, green finances, energy efficiency, households, Western BalkansAbstract
Due to the lack of financial resources and the high initial costs of investment into energy-efficient technology, significant potentials for energy saving in households are not being used. Household energy-efficiency loans are crucial for overcoming financial obstacles in bank-centric financial systems. The paper analyses the use of these loans in countries of the Western Balkans and examines examples of successful practice in order to determine the possibilities for improving programs for green financing and energy-efficient households. Examples of successful practices in households are analysed using the study case method, content analysis and comparative methods. Research results show that energy-efficiency loans and grants of the European Union motivated households to use energy efficient technologies. Innovative technologies enable energy saving, financial savings and reduction of carbon dioxide (CO2) emissions.
Downloads
References
Arakkal, J. J. (2021). Energy Efficient Technologies in Households. Bodhi International Journal of Research in Humanities, Arts and Science, 5(2), 54-58.
Caird, S., Roy, R., & Herring, H. (2008). Improving the Energy Performance of UK Households: Results from Surveys of Consumer Adoption and Use of Low- and Zero-Carbon Technologies. Energy Efficiency, 1(2), 149-166. doi:10.1007/s12053-008-9013-y
European Commission. (2016). Regional Energy Efficiency Programme for the Western Balkans (REEP Plus) - Instrument for Pre-Accession Assistance (IPA II) 2014-2020. European Commission. Retrieved August 25, 2024 from: https://neighbourhood-enlargement.ec.europa.eu/document/download/a90bdab1-6bbf-4428-8e39-3d1e1518508b_en?filename=ipa_ii_2016_037-900.10_mc_reep_plus.pdf
GEFF. (2024). EBRD and Donors Help Over 18,000 Households in Western Balkans to Invest in Energy Efficiency. Retrieved July 2, 2024 from Green Economy Financing Facilities: https://ebrdgeff.com/serbia/ebrd-and-donors-help-over-18000-households-in-western-balkans-to-invest-in-energy-efficiency/
GEFF Bosnia and Herzegovina. (2018). Bosnian Family Saves Money and Energy with New Heating Technology. Retrieved June 11, 2024 from Green Economy Financing Facility Bosnia and Herzegovina: https://ebrdgeff.com/ba/projects/bosnian-family-saves-money-and-energy-with-new-heating-technology/
GEFF Bosnia and Herzegovina. (2018a). Bosnian Homeowner Replaces Windows and Doors. Retrieved June 11, 2024 from Green Economy Financing Facility Bosnia and Herzegovina: https://ebrdgeff.com/ba/projects/ bosnian-homeowner-replaces-windows-and-doors/
GEFF Bosnia and Herzegovina. (2018b). Comfortable Living with Energy Efficiency for a Bosnian Family. Retrieved June 11, 2024 from Green Economy Financial Facility Bosnia and Herzegovina: https://ebrdgeff.com /ba/projects/comfortable-living-with-energy-efficiency-for-a-bosnian-family/
GEFF Bosnia and Herzegovina. (2018c). Keeping Warm with Thermal Insulation. Retrieved June 11, 2024 from Green Economy Financing Facility Bosnia and Herzegovina: https://ebrdgeff.com/ba/projects/keeping-warm-with-thermal-insulation/
GEFF Bosnia and Herzegovina. (2019). Bosnian Homeowner Invests in a Pellet Stove to Keep Warm. Retrieved June 10, 2024 from Green Economy Financing Facility Bosnia and Herzegovina: https://ebrdgeff.com/ba/projects /bosnian-homeowner-invests-in-a-pellet-stove-to-keep-warm/
GEFF Bosnia and Herzegovina. (2019a). Resident of Bosnia Keeps his Home Warm with a Biomass Boiler. Retrieved June 11, 2024 from Green Economy Financing Facilities Bosnia and Herzegovina: https://ebrdgeff.com/ba/ projects/resident-of-bosnia-keeps-his-home-warm-with-a-biomass-boiler/
GEFF Bosnia and Herzegovina. (2020). Bosnian Apartment Building Gets a Makeover with Energy Efficiency. Retrieved June 10, 2024 from Green Economy Financing Facility Bosnia and Herzegovina: https://ebrdgeff.com /ba/projects/bosnian-apartment-building-gets-a-makeover-with-energy-efficiency/
GEFF Bosnia and Herzegovina. (2024). Success Stories. Retrieved June 11, 2024 from Green Economy Financial Facility Bosnia and Herzegovina: https://ebrdgeff.com/ba/projects/
GEFF North Macedonia. (2020). Building an Energy Efficient Home in North Macedonia. Retrieved June 20, 2024 from Green Economy Financing Facility North Macedonia: https://ebrdgeff.com/macedonia/projects/building-an-energy-efficient-home-in-north-macedonia/
GEFF North Macedonia. (2020a). Homeowner in North Macedonia Keeps his Home Warm with Energy Efficient Investments. Retrieved June 20, 2024b from Green Economy Financing Facility North Macedonia: https://ebrdgeff.com/macedonia/projects/homeowner-in-north-macedonia-keeps-his-home-warm-with-energy-efficient-investments/
GEFF North Macedonia. (2024). Success Stories. Retrieved June 20, 2024 from Green Economy Financing Facility North Macedonia: https://ebrdgeff.com/macedonia/projects/
GEFF Serbia. (2019). Serbian Homeowner Keeps His Home Warm and Energy Efficient. Retrieved June 15, 2024 from Green Economy Financing Facility Serbia: https://ebrdgeff.com/serbia/projects/serbian-homeowner-keeps-his-home-warm-and-energy-efficient/
GEFF Serbia. (2019a). Serbian Homeowner Saves Energy with Thermal Insulation. Retrieved June 15, 2024 from Green Economy Financing Facility Serbia: https://ebrdgeff.com/serbia/projects/serbian-homeowner-saves-energy-with-thermal-insulation/
GEFF Serbia. (2022). A Family from Serbia Invested in Solar Panels in Order to be Energy Independent. Retrieved June 15, 2024 from Green Economy Financing Facility Serbia: https://ebrdgeff.com/serbia/projects/a-family-from-serbia-invested-in-solar-panels-in-order-to-be-energy independent
GEFF Serbia. (2023). An Energy-Efficient Home for a Three-Generation Family in Serbia. Retrieved June 15, 2024 from Green Economy Financing Facility Serbia: https://ebrdgeff.com/serbia/projects/an-energy-efficient-home-for-a-three-generation-family-in-serbia/
GEFF Serbia. (2024). Grant Support. Retrieved June 20, 2024 from Green Economy Financing Facility Serbia: https://ebrdgeff.com/serbia/grant-support/
GEFF Serbia. (2024a). Success Stories. Retrieved June 15, 2024 from Green Economy Financing Facility Serbia: https://ebrdgeff.com/serbia/projects/
GEFF Serbia. (2024b). The Facility. Retrieved June 20, 2024 from Green Economy Financing Facility: https://ebrdgeff.com/serbia/the-programme/the-facility/
Hesselink, L. X., & Chappin, E. J. (2019). Adoption of Energy Efficient Technologies by Households–Barriers, Policies and Agent-based Modelling Studies. Renewable and Sustainable Energy Reviews, 99, 29–41.
Ignjatijević, S., Aničić, A., Vapa Tankosić, J., & Belokapić Čavkunović, J. (2020). Determing Relationship Between Economic Growth and Environmental Protection. Oditor, 6(1), 38-48. doi: 10.5937/Oditor2001036I
Janković, G., & Golubović, M. (2024). Analysis of the Impact of the Circular Economy Concept of Economic Development. Održivi razvoj, 6(1), 7-31. doi: 10.5937/OdrRaz2401007J
Migliorelli, M., & Dessertine, P. (2019). From Transaction-Based to Mainstream Green Finance. U M. Migliorelli, & P. Dessertine, The Rise of Green Finance in Europe: Opportunities and Challenges for Issuers, Investors and Marketplaces (pp. 153-175). Rome: Palgrave Macmillan. Retrieved from https://doi.org/10.007/978-3-030-22510-0-7
Nikolić, M., & Milojković, D. (2023). The Role of Green Finance in the Management of Sustainable Development in Serbia. Book of Proceedings "Sustainable Development as a Measure of Modern Business Success" (pp. 50-55). Belgrade: Singidunum University. doi: 10.15308/finiz-2023-50-55
Nikolić, M., Jemović, M., & Milojković, D. (2024). Utilizing Bank Loans to Enhance the Energy Efficiency of Enterprises in the Western Balkan Countries. Annals of Spiru Haret University: Economic Series, 24(1), 187-207. doi: 10.26458/24111
Stojanović, D. (2020). Sustainable Economic Development Through Green Innovative Banking and Financing. Economics of Sustainable Development, 4(2), 35-44. doi:10.5937/ESD2001035S
UN Environment Programme. (2024). About Urban Energy. Retrieved August 25, 2024 from https://www.unep.org/topics/cities/urban-energy/about-urban-energy
UN Envirnoment Programme. (2024a). Cities and Climate Change. Retrieved August 25, 2024 from https://www.unep.org/explore-topics/resource-efficiency/what-we-do/cities-and-climate-change
Vesić, T., Barjaktarović, M., & Cogoljević, V. (2023). The Impact of Sustainable Development on Risk Management in the NPL Portfolio in the Western Balkan Countries. Oditor, 9(3), 195-214. doi:10.59864/Oditor32307V
Downloads
Published
Issue
Section
How to Cite
