Balgarianovinite.com The National Assembly has passed at second reading amendments to the Energy Efficiency Act establishing a National Decarbonization Fund, which will replace the Energy Efficiency and Renewable Energy Sources Fund.
The new fund will serve as the main financial mechanism supporting the building stock in Bulgaria, providing financing for energy efficiency improvements and promoting the use of renewable energy in buildings. It will also function as a “one-stop shop” offering technical assistance and coordination of projects.
Funding for the National Decarbonization Fund will come from donations by international financial institutions and funds, Bulgarian and foreign individuals and entities, interest income, loans and credit instruments, contributions from energy companies, EU programmes and mechanisms, public allocations, and revenues from the auctioning of greenhouse gas emission allowances, among other sources.
The new fund will inherit all assets, liabilities, archives, and obligations of the current Energy Efficiency Fund. Its management structure will include a Donors’ Assembly, a Management Board, and a Fund Manager.
The governance will be two-tiered. The Donors’ Assembly will represent contributors’ financial participation and oversee the fund’s operations. The Minister of Energy must convene the first meeting within 30 days of the law’s entry into force, at which members of the Management Board will be elected and operational rules adopted.
The Management Board will consist of nine members including four representatives of ministries, as well as members from government and non-governmental organizations. The Chair of the Management Board will be a representative of the Ministry of Energy, joined by the Executive Director of the Sustainable Energy Development Agency and a representative of the National Association of Municipalities in Bulgaria. The board members will serve five-year terms.
The board must appoint the fund’s first manager by April 30, 2026. The manager’s term will be five years, except for the first regularly elected manager, whose mandate will last three years. Until the appointment, the chair of the Management Board will perform the manager’s duties. National Decarbonization Fund to Replace Energy Efficiency Fund, Parliament Decides 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-11-12 12:41:01 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law