Smolyan

Sofia (stolitsa)

Blagoevgrad

Sofia

Burgas

Stara Zagora

Varna

Targovishte

Veliko Tarnovo

Haskovo

Vidin

Shumen

Vratsa

Yambol

Gabrovo

Dobrich

Kardzhali

Kyustendil

Lovech

Montana

Pazardzhik

Pernik

Pleven

Plovdiv

Razgrad

Ruse

Silistra

Sliven

Bulgaria

10% reduction in emissions from non-ETS plants, 21% reduction from ETS plants by 2020 compared with 2005

50% reduction energy intensity of GDP (456 tonnes/year) by 2020 against a 2005 baseline

Increase forest area by afforestation of abandoned agricultural land, bare and deforested areas, eroded and endangered by erosion. Indicator: 1.4

31.12.2011 total area 4 148 114 ha, wooded area: 3 774 778 ha 31.12.2010 Total stock: 644 840 247 m3 Total stock: 202 million tons  by 2020

16% share of renewable energy in the gross final consumption of the country after 2020.

16% final energy consumption from renewables by 2020

35% reduction in GHG (from Biofuel/biomass use) in the short term, then by 50% in 2017, and by 60%  in 2018 compared with a business as usual scenario

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Global enviornmental benefits  in biodiveristy and climate change focal areas secured through community-based initiatives and actions.

The objective of the project is to reduce the greenhouse gas emissions associated with the energy use of private and public buildings in Bulgaria (including the premises of the local SMEs) by improving the efficiency of their energy use.

This project is designed to establish a dedicated financial facility for energy efficiency and renewable energy in Eastern Europe and CIS that can serve as a vehicle for the large-scale participation of private sector investors in partnership with public entities.  The proposal is to support the development of  a US$ 250 million public-private equity Fund that will be able to complement other funding schemes (including those implemented or contemplated by the GEF and/or other supporting institutions) and, as a result, leverage an investment volume of upt to US$ 2 billion for energy efficiency and renewable energy projects.

The objective of the proposed project is to support a large increase in EE investment in Bulgaria through development of a self-sustaining, market-based financing mechanism.  The project’s goal is focused on the development and implementation of financially profitable EE investment.  GEF financing of some US$10 million will be sought to provide the seed capital for BEEF (US$8.8 million) and to fund the TA component (US$1.2 million).  As BEEF seeks to make profit, investment financing and partial credit guarantees would be provided on commercial terms.  The BEEF would be designed to attract a substantial amount of commercial co-financing (mostly by banks), in addition to a minimum of 20% contribution to project costs by the borrowers.

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Bulgaria

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