National Decarbonization Fund replaces Energy Efficiency Fund, National Assembly decides

The National Assembly has established a National Decarbonization Fund after adopting amendments to the Energy Efficiency Act. The new structure will support households for energy efficiency measures. It is being established after the transformation of the Energy Efficiency and Renewable Sources Fund. The National Decarbonization Fund is to finance the implementation of activities and measures to increase energy efficiency and promote activities for the production and consumption of energy from renewable sources in buildings.

The funds will be raised from donations from international financial institutions, international funds and Bulgarian and foreign individuals or legal entities, etc., in compliance with the provisions of the Measures against Money Laundering Act.