EEA and Norway Grants 2004-2009: Review of funding to greenhouse gas reductions

Review of the EEA and Norway Grants support to greenhouse gas reductions in the 2004-2009 funding period. The review was conducted by COWI and was published in March 2010.

Main findings: 

• The effectiveness of the interventions, expressed as percentage reductions of CO2 emissions compared to the baseline, shows a high effectiveness of 56% reductions for energy efficiency in buildings and an even higher effectiveness when this intervention is combined with a change in the heating system.
• The effectiveness, expressed as percentage reductions of energy consumption compared to the baseline, also shows a high effectiveness of 57% reductions for energy efficiency in buildings.
• Most projects have important economic and social impacts as energy costs are reduced and social and health conditions improved for users of energy renovated buildings, mostly in schools and health institutions.
• The projects are cost efficient and strongly aligned with national environmental priorities.
• The contribution addresses a funding gap, and the report recommends continued funding of the area.