Energy efficient technologies and products

Dilijan, Armenia - August 25, 2018: The wooden house on the nature. Modern design architecture. Environmentally friendly housing concept with wooden house. Real estate in green forest

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Energy efficient technologies and products
Energy efficient technologies and products
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Infrastructure
Infrastructure
Business Model Description

Support energy efficient technologies and products through either 1. energy efficiency contracts where an energy service provider provides funding and energy services (such as design works or installation of energy saving technologies) and the customer repays the energy efficiency investment from the energy savings generated by the project, so there is no need for customer upfront capital; or 2. subsidized interest rate loans provided through the financial market where the Government, through the R2E2 Fund, lends money to banks and credit organizations to finance projects (with the difference with the market interest rate being covered by the Government, and banks providing 20 percent co-financing).

Expected Impact

Promote the wide use of energy efficiency technologies in public and private buildings to reduce energy costs and lower the use of timber for heating and cooking to avoid environmental impact.

How is this information gathered?
Updated: 9 Aug, 2021 Date of Production: 1 Jun, 2021
Armenia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Sustainable Cities and Communities (SDG 11) Responsible Consumption and Production (SDG 12) Decent Work and Economic Growth (SDG 8)

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Sector Sources
  • 1) Government action program 2019-2013, https://www.gov.am/am/Five-Year-Action-Program. 2) Development of the energy system of Armenia (until 2036), Government Protocol Decision No 54 of 10 December 2015, www.arlis.am; Development of the energy system of Armenia (until 2040), Government Decision No 48-L of 14 January 2021, https://www.arlis.am. 3) Concept implementing the provisions of energy security provision of the Republic of Armenia (schedule for 2014-2020), President Decree 182-N of 23 October 2013, https://www.arlis.am/DocumentView.aspx?DocID=86169. 4) Action Plan of the Government of the Republic of Armenia 2018 - 2022, https://www.arlis.am/DocumentView.aspx?DocID=125528. 5) Ministry of Energy, Infrastructures and Natural Resources of the Republic of Armenia, http://www.minenergy.am. 6) Government Protocol Decree No 4 of 2 February 2017 on the “Report on the Implementation of the First Stage of Energy Efficiency Action Plan, http://www.arlis.am/DocumentView.aspx?DocID=111712. 7) UN ESCAP SDG Help desk, https://sdghelpdesk.unescap.org/re/armenia.html. 8) World Bank Data (and author’s calculations), https://data.worldbank.org/indicator/EG.EGY.PRIM.PP.KD?locations=AM-EE-CZ-EU-SI-LT-NL-DK-7E-Z7. 9) Eurostat, Resource Productivity Database, https://ec.europa.eu/eurostat/databrowser/view/t2020_rl100/default/table?lang=en. 10) Environment and natural resources in RA in 2017, Statistical Committee of Armenia, https://www.armstat.am/file/article/eco_book_2017_6.pdf. 11) Law on Renewable Energy and Energy Efficiency, https://www.arlis.am/DocumentView.aspx?DocID=141298.
IOA Sources
  • 21) Development of the energy system of Armenia (until 2036), Government Protocol Decision No 54 of 10 December 2015, www.arlis.am; Development of the energy system of Armenia (until 2040), Government Decision No 48-L of 14 January 2021, https://www.arlis.am. 22) National program of energy saving and renewable energy of the Republic of Armenia, Government Protocol Decree No 4 of 2 February 2017, https://www.arlis.am/DocumentView.aspx?DocID=111712. 23) Covenant of Mayors, EU, http://www.eumayors.eu/about/covenant-community/signatories.html, 27 January 2020. 24) Armenia Renewable Resources and Energy Efficiency (R2E2) Fund, http://r2e2.am/en. 25) UNDP interviews with stakeholders, 2019. 26) Household Integrated Living Conditions Survey (HILCS), 2017, SC Armenia, calculated based on HILCS microdata. 27) Baseline study - Energy demand, supply, and efficiency, Armenia, 2019, A. Pasoyan (Energy Saving Foundation), N. Sahakyan (Women in Climate and Energy), Management of Natural Resources and Safeguard of Ecosystem Services for Sustainable Rural Development in South Caucasus (ECOService). 28) Government Protocol Decree No 4 of 2 February 2017 on the “Report on the Implementation of the First Stage of Energy Efficiency Action Plan", http://www.arlis.am/DocumentView.aspx?DocID=111712. 29) Basis for estimates: (1) National forest inventory; (2) Казарян В.О., Арутюнян Л.В., Хуршудян П.А., Григорян В.Г., Барсегян А.М. Научные основы облесения и озеленения Армянской ССР.Ереван, : 1974; (3) Хуршудян П.А., Тер-Газарян К.А., Габриелян В.Г. Леса и лесное хозяйство Армянской ССР, 1987. 30) Scaling up Renewable Energy Program (SREP) Armenia Investment Plan (IP), https://www.worldbank.org/en/country/armenia/brief/srep. 31) Catalog of Standards, Standardization Institute of Armenia, https://www.sarm.am/am/standards. 32) Ministry of Territorial Administration and Infrastructure (Energy), http://www.minenergy.am/page/498. 33) Energy Efficiency Project, 2019, The World Bank, https://ieg.worldbankgroup.org/sites/default/files/Data/reports/ppar_armeniaenergy.pdf. 34) Improving Energy Efficiency in Buildings project implemented jointly by UNDP and Global Environmental Fund (GEF), http://www.nature-ic.am/en/projects/Improving-Energy-Efficiency-in-Buildings/2.