Use of carbon trade revenue for residential buildings energy efficiency and renewable energy use in Moldova
Moldova is 95% dependent on energy imports and the residential sector is highly energy inefficient due to the inheritance of large stock of Soviet-style residential block houses. Although the government pays attention to the problem, over 70% of residential block buildings have a very low thermal performance and thermal losses from buildings like these account for nearly 50% of total heat consumption.
The project investigates the feasibility and design of a new residential energy efficiency and renewable energy subsidy program that will be financed by the sale of two types of carbon emissions credits: 1) Paris Agreement Article 6 International Transfers of Mitigation Outcomes—ITMOs, and 2) sale of emission allowances under future emissions trading scheme in Moldova. This shall lead to an understanding of how much each trading scheme can potentially generate through a greening energy efficiency mechanism in the residential sector and ultimately saving energy and reducing greenhouse gas emissions and local pollution.
The project is led by BEZK, a non-governmental organisation working in the field of environmental protection.