Green Investment System (GIS)

Country / jurisdiction: Hungary · Year: 2009 · Status: In force · Level: National · Type: Voluntary

In 2009 two sub-programmes were initiated under the Green Investment Scheme (GIS) to facilitate energy rationalisation of residential buildings:

the Climate-friendly Home Panel Sub-programme; and

the Energy Efficiency Sub-programme.

The objective of these sub-programmes is to provide investment grants for work that contributes to the reduction of residential energy comsumption, moderating the overhead burdens for households and also reducing greenhouse gas emissions. Activities eligible for grants include energy-efficiency improvements in buildings (heat insulation, replacement of doors and windows, building engineering solutions) the modernisation of equipment and utilisation of renewable energy sources. The key objective of the sub-programmes is the renovation of houses built by pre-fabricated technology to achieve energy savings through retrofitting.

The prerequisite for receiving a subsidy in the GIS Panel Sub-Plan is that the buildings should have lower CO2 emissions and be more energy efficient once the project is completed. The better results are achieved the higher the subsidy is (Climate bonus subsidy). The system rewards the bidder depending on the complexity and efficiency of the project. The bidders for the "Climate Friendly Home Panel Sub-Programme" under GIS were similar to those for the tender "Subsidy for the Energy Efficient Modernization of Pre-fabricated Buildings" managed by the Ministry of Local Government. Applications under the Energy Efficiency Sub-programme opened 15 December 2009 and closed on 30 October 2010. Applications under the Panel Sub-programme opened 4 August 2009 and closed 31 December 2009.

Official source: http://zbr.kormany.hu/zbr-es-kvotaertekesitesi-rendszer