Energy efficiency support program
About this good practice
Reducing greenhouse gas emissions is essential for meeting the European Union's climate directives and achieving the goals of the European Green Deal. These directives aim to limit global warming by cutting emissions by at least 55% by 2030 compared to 1990 levels and reaching climate neutrality by 2050. Compliance with EU directives requires adopting renewable energy technologies, improving energy efficiency, and supporting the circular economy.
Support measure “Energy efficiency for companies” corresponds to the objectives set in EU’s directives and provides a financial support for main beneficiaries - SMEs and large companies located in Lithuania. The support will enable industrial companies to invest in the latest and surrounding favorable equipment and application of technological solutions in production processes, ensuring the continuity of these production processes, i.e. i.e. updating the necessary technological equipment and available infrastructure of technological and supporting processes.
The amount for the support is 40 million EUR.
Expert opinion
Resources needed
The budget is € 40 million. Projects can receive funding covering up to 50% of eligible costs, depending on status of the company, ranging from €75,000 to €900,000.
Administrative resources are also necessary to manage the evaluation of applications, project monitoring, promotion of the initiative.
Evidence of success
29 projects were financed and industrial companies which got funding, undertook obligations to reduce at least 30 percent directly and indirectly the amount of greenhouse gas emissions in their activities according to the energy consumption audit report recommendations.
Potential for learning or transfer
Financial measures promoting energy efficiency have significant potential in regions, where outdated infrastructure and limited resources hinder progress. These regions often experience higher energy consumption due to inefficient systems, making them prime candidates for improvements. By directing investments and incentives toward energy-saving technologies and practices, these areas can reduce costs, lower emissions, and enhance competitiveness. By implementing similar financial support mechanisms, other regions could encourage more widespread adoption of less energy consumption technologies and solutions.