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LOD data

RESOURCING AND ACCELERATED IMPLEMENTATION OF THE ENERGY VULNERABILITY FUND

Moldova

Status

Implementation

Aid type

Contributions to single-donor funding mechanisms and contributions earmarked for a specific funding window or geographical location

Moldova


Location

-

€ 10,000,000
Committed
€ 9,000,000
Used

Description

The country, also due to the war in Ukraine, faced great challenges in terms of gas and electricity supply. Households are particularly affected by rising prices. This initiative is part of an already existing intervention plan, namely the implementation and strengthening of an Energy Vulnerability Fund managed and coordinated by UNDP, as an immediate support tool for the Government of the Republic of Moldova to mitigate the socio-economic implications of the ongoing energy crisis, especially on the most vulnerable population. The Fund focuses on bill compensation for central heating, natural gas and electricity supply, and a series of incentive measures aimed at increasing the level of energy efficiency and the use of renewable energy in the country. In addition to direct support to households, the initiative will focus on strengthening institutions and generating and interpreting data both quantitative and qualitative in order to engender effective recommendations and complementary interventions. Finally, short- and medium-term energy efficiency measures will be promoted and supported. read more close
Year Committed Used
2024 € 10,000,000 € 9,000,000

Agency

Type Name Channel code
Government AICS - Italian Agency for Cooperation and Development 11000

Channel reported

Type Name Channel code
Multilateral UNDP - UNITED NATIONS DEVELOPMENT PROGRAMME ALT 41114

Project data

  • IATI IdentifierXM-DAC-6-4-012799-01-0
  • CRS Activity identifier2024040091
  • AID012799/01/0
  • Planned start 2024/01/01
  • Planned End 2025/12/31
  • Actual start 2024/02/29
  • Actual end -
  • Bi/Multilateral Bilateral
  • Status Implementation
  • Tied status Untied

Sectors

  • 23110 - Energy policy and administrative management 72.0%
  • 23183 - Energy conservation and demand-side efficiency 28.0%

Policy markers

  • Gender Equality not targeted
  • Disaster Risk Reduction(DRR) not targeted
  • Disability not targeted
  • Nutrition not targeted
  • Aid to Environment significant objective
  • Participatory Development/Good Governance not targeted
  • Trade Development not targeted
  • Aid Targeting the Objectives of the Convention on Biological Diversity not targeted
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation significant objective
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation not targeted
  • Aid Targeting the Objectives of the Convention to Combat Desertification not targeted
  • Reproductive, Maternal, Newborn and Child Health (RMNCH) not targeted

SDGs

  • 1.3 - Implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable
  • 1.a - Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions
  • 1.b - Create sound policy frameworks at the national, regional and international levels, based on pro-poor and gender-sensitive development strategies, to support accelerated investment in poverty eradication actions
  • 7.1 - By 2030, ensure universal access to affordable, reliable and modern energy services
  • 7.2 - By 2030, increase substantially the share of renewable energy in the global energy mix
  • 7.3 - By 2030, double the global rate of improvement in energy efficiency
  • 7.a - By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology
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