The Montenegrin economy and agriculture will be able to use €100.000 in total to co-finance projects that encourage the improvement of energy efficiency and the use of renewable energy sources (RES). Co-financing with non-refundable funds is envisaged by the Financial Agreement between the Environmental Protection Fund – the Eco Fund and the United Nations Development Program – signed today by the UNDP Resident Representative, Ms Daniela Gasparikova, and the Eco Fund Director, Mr Jovan Martinović.
Support for business initiatives aimed at decarbonizing the Montenegrin economy is provided through a subsidies program for micro, small and medium enterprises and agricultural producers willing to invest in the procurement and installation of solar photovoltaic systems for electricity generation.
The program aims to encourage greater use of pure energy and improve energy efficiency, which would contribute to emissions reduction and somewhat larger savings in energy costs in the sector of micro, small and medium enterprises in Montenegro.
In addition, the program will promote the “prosumer concept” – businesses that both consume and produce electricity by using solar energy.
