The Bulgarian FinEERGo-Dom Partner Joins Forces With 11 other Organizations in an Effort to Improve the National RRP

The Bulgarian partner in the FinEERGo-Dom project – Econoler S.A., together with 11 other organizations (companies, NGOs and consultancies), issued an official Declaration in an effort to initiate a revision of the Bulgarian Recovery and Resilience Plan (RPP) at a time when the newly elected Parliament contemplates over the possibility whether to revise or submit the plan to the European Commission.

The Declaration points out that a number of opportunities for successful green recovery and transition are missing in the RPP developed by the outgoing Government. Among those are the utilization of ESCO, on-bill-financing and white certificates mechanisms; deep renovation approach; monitoring and control of energy savings; and digitalization of the buildings stock.

Continuation of 100% grant schemes, especially in reference to the energy efficiency in multifamily buildings program, and lack of design and deployment of blended financial instruments is highlighted as a major weakness in the RPP. Without mobilizing private sector funds the RPP support will cover just 1 400 multi-family buildings of the 66 865 that require rehabilitation.

The Declaration initiators offered their full support and readiness to actively participate in working groups if the Parliament opts for a revision and improvement of the RPP. The full text of the Declaration can be viewed below.

Full Declaration