The energy intensity of Russia’s GDP is 3.1 times higher than in EU countries. This is due to natural factors like the cold climate, but also highly energy inefficient equipment and buildings The Energy Strategy Paper of the Russian Federation aims to fully utilize the potential of (technical) energy savings and thus decrease the energy intensity of the Russia’s GDP by 27 percent by 2020. EBRD and IFC already support this effort with EE finance programmes, and KfW intends to enter into this field.
In October 2011 therefore KfW commissioned LFS (Consortium Leader) and FICHTNER (Consortium Partner) to carry out a study (i) to analyse the EE potentials of industrial, commercial and residential buildings in Russia, (ii) to analyse the existing EE lending programs, and (iii) to develop proposals for new financing mechanisms (loans) for EE investments in the building sector that are economically feasible and efficient in terms of energy savings and reduction of CO2 emissions. The project is conducted by International Experts of LFS and FICHTNER that work at their corporate headquarters and conduct short-term missions in the field, and Local Experts of FICHTNER that work in the field.