Eco Fund subventions of the Slovenian national government
Published on 13 January 2020
Slovenia
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About this good practice
Eco Fund, Slovenian Environmental Public Fund is an independent legal entity, with the Ministry of the Environment and Spatial Planning, being represented as majority in the Supervisory Board. Purpose and goals: Eco Fund's main purpose is to promote development in the field of environmental protection. It is the only specialised institution in Slovenia that provides financial supports for environmental projects. In comparison with commercial banks, Eco Fund's principal advantages in the market for environmental financing are that it provides soft loans at lower interest rates than prevailing commercial market rates and it is able to lend for significantly longer periods than commercial banks. Eco Fund's subsidies have had a positive effect on tax revenues, diminishing of grey economy, new green jobs, sustainable development of the construction planning and business, as well as on the development of the use of strategic resources. The Fund gives grants to individuals (households) for investments in electric cars and for investments in residential buildings (energy efficiency and use of renewable energy sources), grants to legal entities (municipalities and/or providers of public utility services, enterprises and other legal entities) for investments in electric cars and buses for public transport and on compressed natural gas or biogas, for hydrogen-powered vehicles, auxiliary electric vehicles, charging stations for alternative fuel and similar.
Resources needed
2018 grants: 0,4M EUR for electric charging stations in the protected nature areas; for environmentally friendier vehicles and sustainable mobility in protected areas 6,1M EUR; 8.5M EUR for greener road vehicles at end-2018, the loans given for reduction of GHG 136.4M EUR; 31.12.2018 48 employees.
Evidence of success
In 2018: 13 public calls from previous years and 4 new calls for proposals published were awarded for the award of financial grants, with additional € 70.9 million in grants. The combined effect of the credited investment reduced energy use by 23.8 GWh per year and reduced CO2 emissions by 36.081t per year. In addition, the investments for which the grant was awarded contribute to an annual reduction in energy use of 190.3 GWh and a reduction in CO2 emissions of 29,833t.
Potential for learning or transfer
They are already similar financial instruments for grants and loans existing in EU countries. The practices is considered to be a good case study for countries to compare results achieved, and impact on energy, CO2 and GHG reduction from similar grant instruments.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Ministry of the Environment and Spatial Planning
Slovenia
Zahodna Slovenija
Contact
Project manager