Fund and Croatian Hydrocarbon Agency conclude business agreement


A business agreement was signed today between the Environmental Protection and Energy Efficiency Fund and the Croatian Hydrocarbon Agency. The agreement, which was signed by the director of the Fund, Luka Balen, and Marijan Krpan, the president of the Agency's Management Board, aims at establishing cooperation in the process of planning and implementation of programmes promoting the use of geothermal and other renewable energy sources.

In line with the European Union guidelines, Croatia has already focused its energy development towards achieving climate neutrality by 2050. A prerequisite for this is increasing the share of renewables in energy consumption at EU level to at least 55% by 2030 and reducing greenhouse gas emissions by at least 55% by 2030. In its strategic documents, such as the Integrated National Energy and Climate Plan, the Energy Development Strategy, the Climate Change Adaptation Strategy and the Low-Carbon Development Strategy, Croatia has set ambitious national goals and defined the activities whereby it plans to achieve them. One of the key objectives is the decarbonisation of the energy sector, which implies increasing energy production from renewable sources and high-efficiency cogeneration, and increasing energy efficiency in all sectors, especially in the heating sector.

Accordingly, the Environmental Protection and Energy Efficiency Fund has planned the appropriate programmes of financing for various information and education activities to further promote the green transition. One of the future programmes of co-financing should be aimed at the promotion of use of geothermal energy, as one of the forms of renewable energy, and its development should be prompted by professional cooperation with the Agency.