Legal Framework Harmonisation
About this good practice
A major challenge regarding funding energy initiatives is to have possibility to implement financial instruments harmonizing legislation with EU regulations. Lithuanian government has addressed this question since establishment of the first financial instrument in 2007 by:
assessing and harmonizing legislation that conflicts with financial instruments established using public funds.
developing special legislation or programs (with continuous adjustment) for new financial products which can be trusted by all stakeholders.
Following special legislation for buildings renovation in Lithuania are developed: o multi-apartment building renovation programme (MABR). o special law governing MABR process. o Public building renovation programme. Stakeholders involved in the harmonization of the legal acts: ministries, funds and financial instruments managers, financial intermediaries, final beneficiaries.
Implementation of this practice did not required substantial amounts of financial resources, but it was crucial to mobilize political support and competences to proceed with change in legislation.
Resources needed
the exact resources can not be identified as it relatwd with all institutiins involved in the legislation process.
Evidence of success
4 financial instruments for building renovation established.
1 financial instruments for the building renovation is under development.
Potential for learning or transfer
This GP is hard to transfer directly to other countries because of differences in legal systems. However, main principles, implementation process and motivational impact of measures could be replicated. The best solution is to gather a team of top experts in different fields for improvement of the legislation: sector related, state aid public accounting, legal consultants (lawyers), state debt and fiscal, etc.
Good practice owner
You can contact the good practice owner below for more detailed information.
Ministry of Finance