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This project aims
to respond to the objectives of the UN Framework Convention on Climate Change,
corresponding to the strategy mentioned in the first national communication
of Armenia. At the same time, the project is a logical continuation of the
"Armenia - Country Study on Climate Change" UNDP/GEF ARM/95/G31/A/1G/99
project. The objective of the full-scale project to be developed with the
PDF activities described here is to remove barriers to, and to leverage
additional financial resources for improving the energy efficiency of municipal
heat and hot water supply in Armenia, thereby lowering the overall fossil
fuel consumption and the associated greenhouse gas emissions. The initial
focus of the project will be on the municipal heat and hot water supply
in the city of Yerevan, after which the results can be disseminated
and the activities replicated in other major cities of Armenia. The project
is expected to achieve this goal by:
- (i) building institutional
capacity for planning, initiation, implementation, and evaluation of
different strategies and available energy efficiency measures and technologies;
- (ii) reducing the uncertainties
and the risk of the potential investors regarding the costs, technical
issues, and implementation procedures;
- (iii) demonstration
of the technical, economic and financial feasibility of selected
energy efficiency measures and technologies; and
- (iv) disseminating the
information and project experience throughout the country as well as
among the potential sources of follow-up financing of the project.
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