Regional Policy Dialogue Meeting “SMEs in a Green Economy”, 09 March 2018, Paris
Session 3, "Environmental Financing in Estonia", Madis Kareda, Developmentmanager at EIC, Estonia
2. Population ca. 1,3 mil
190+nationalities, 70% estonian
Area ca. 45,000 km2, 22% of territory wildlife preserves
Coastline: ca. 3800 km, 2000+ islands and 1400+ lakes,
Ca. 50% forest, 1/5 bogs
380+ species of birds
17% farmland is organic
Digital society, 99% of Estonian public services are online
Member of the EU since 2004
GDP per capita: 17,574.69 USD (2016)
Introduction to Estonia
4. Environmental policy and targets
Estonia’s 2020 targets under EU Climate and Energy Package:
- 25% share of renewables, 10% share of renewables in transport, 20% GHG emission reductions
EU Climate and Energy Framework 2020-2030
- legislation and country targets to be set in 2018
Estonia’s General Principles of Climate Policy until 2050
- 80% CO2 emission reduction
Estonia’s Energy Sector Strategy until 2030 (ENMAK)
- 50% share of renewables, 50% of renewable in electricity, 80% share of renewables in heating
- 10% decrease of primary energy consumption
National Climate Change Adaptation Strategy until 2030
Waste Management Plan for 2014–2020
General Principles of Earth's Crust Policy until 2050
Forestry Development plan 2011-20
Transport Development Plan 2014-20
Marine Strategy etc.
Environmental strategy until 2030
5. Keepers of tomorrow
Environmental Investment Center (EIC)
We mediate Estonian and foreign funds to environmental projects in Estonia
EIC is a government foundation established by the Ministry of Finance in 2000
Our vision: Efficient cooperation between EIC and its partners has reduced Estonia’s ecological
footprint.
Our mission: To ensure maximum efficiency by channelling every euro for the benefit of the
Estonian people, a healthy living environment, and resource-efficient development of the country.
Over 2000-17 EIC has mediated over 1,4 bln EUR to more than 20,000 environmental projects
Webpage https://www.kik.ee/en
6. Keepers of tomorrow
EIC function
Ministries:
Ministry of Finance
Ministry of Environment
Ministry of Economy
and Communictions
Ministry of Interior
EIC
Beneficiaries:
companies,
municipalities,
non-profit sector,
foundations,
private persons,
government institutions
• Guide and assist applicants
• Evaluation of applications
• Monitoring project results
• Feedback related to policy and
support programme design
Support programmes
8. Keepers of tomorrow
Loan portfolio
44,3 mln €
45,8 mln €
municipality enterprices
84,5 mln €
5,6 mln €
ministry of Finance (EIB) EIC`own financing
On-lending of EIB loan to water enterprises and local municipalities in order to ensure self-financing for
the water economy infrastructure projects supported from the Cohesion Fund.
9. Keepers of tomorrow
• 2000-2017 State environmental fees, total 583 mil EUR
• 2000-2013 EU structrual funds (CF, ERDF, ESF) and CO2 funds - total 850 mil EUR
• 2014-20 EU structrual funds (CF, ERDF, ESF) and CO2 funds - total 588 mil EUR
• Loan instruments in co-operation with EIB since 2009, total 130 mEUR
EIC sources of funding
10. Keepers of tomorrow
Programmes financed from EU and CO2
comparison 2007-2013 and 2014-20
Water management infrastructure
Energy and resoruce efficiency in…
Waste management
District heating
Conservation of biodiversity
Preparedness for environmental…
Rehabilitation of contaminated areas
Energy-efficient street lighting
Energy efficiency and RE at…
Sustainable transportation
Biomethane in transport
Hydro-meteorological monitoring…
Environmental education infrastructure
Environmental monitoring…
Renewable energy EU+CO2 funds 2007-
13, total EUR
EU+CO2 funds 2014-
20, total EUR
11. Keepers of tomorrow
Programmes financed from state environmental
fees:
- total 582 mEUR over 2000-2017
- average 1100 projects each year
0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
12. Keepers of tomorrow
EIC environmental policy
• We hold the certificate of a responsible
enterprise www.csr.ee.
• More than 30% of our procurements are
green procurements.
• Annual County Ant competition since
2010. People vote for their favourite
environmental project at the EIC’s Facebook.
• Students’ energy and resource savings
contest Negavatt www.negavatt.ee
We are following principles of the Green Office:
EIC adheres to the principle of responsibility both in the sense of our work environment
as well as environmental conservation.
13. Keepers of tomorrow
• Led by MTÜ ReUse (designer Reet
Aus), the UPMADE certificate was
developed in relation to the upcycling
method, that can be adopted by textile
enterprises all over the world.
• EIC funded the project from the
Environmental programme with
10,034 euros.
Appreciating re-use
14. Keepers of tomorrow
Resource efficiency of the Estonian
manufacturing industry (2017-2023)
• Estonia’s low resource productivity 0,5 €/kg
(2015, EU 2,0 €/kg)
• We provide EU investment grants to innovative
industrial projects that reduce resource use
• Total 107 mEUR and max 2 mEUR per project
• Min. 5% threshold for achieved resource savings
• Goals 2017-23:
• 700 people informed
• 40 trained auditors
• 300 resource use audits
• 270 projects
• 6 projects supported so far, average grant 0,95 mil EUR/project
(wood industry, food industry etc.)
15. Independent resource use
analysis
Company defines project
and applies for grant funding
grant ≤ 7500€ or
50% of the cost
Grant ≤ 2 000 000€
≤ 50%* of the cost
Resource efficiency of the Estonian
manufacturing industry (2017-2023)
16. Keepers of tomorrow
Biomethane use in transport
• Use of domestic biomethane plays an important role to
achieve 10% goal of use of renewables in transport by 2020
• Potential to produce 4.7 TWh (=483 mln m3) biomethane
- grassland biomass (83%), agricultural waste (9.8%), biodegradable waste
from industry, waste from waste water treatement plants, landfill gas
• EIC supports establishment of filling stations
- 15 projects supported, 2,7 mil EUR
- max. 35% grant
• EIC supports biomethane use in public transport
- compensation of price difference with CNG
- total programme 6 mil EUR (EU Cohesion Fund)
- max. 30% grant
- 1 project supported (Pärnu), 0,67 mil EUR
• Natural gas network owner (Elering) supports:
- certificate of origin system to verify the origin of gas
- connection of biomethane filling stations to gas network
- total programme 28 mil EUR