The World Bank supports Ukraine’s goals to halve its energy intensity by 2030 through a loan worth $200 million.
The bank expects the Energy Efficiency Project to help reduce Ukraine’s dependence on imported gas and, in turn, lessen energy supply security risks and costs.
The loan will be channeled through UkrEximBank, which will then lend the funds directly to industrial and municipal energy efficiency projects and on-lend to participating banks in a bid to create a financial market targeting energy efficiency.
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