EBRD and BNP Paribas promote residential energy efficiency in Poland
With raising energy prices across Europe, Poles will have the chance to improve the energy efficiency of their homes and cut their energy bills, thanks to a landmark scheme agreed between the European Bank for Reconstruction and Development (EBRD) and Poland’s major lender BNP Paribas Bank Polska (BNPPL).

The EBRD is extending a local currency loan of PLN 450 million (around €100 million equivalent) to BNPPL for on-lending to private individuals willing to invest in energy-saving solutions and high-performing technologies in residential buildings across the country.

BNPPL has committed to providing its own funds worth PLN 225 million (around €50 million equivalent) to further support the scheme.

Private individuals can borrow funds to replace coal-fired boilers with heat pumps, install thermal insulation and implement a wide range of other efficiency improvements. Owners of single-family homes, which represent more than 50 per cent of Poland’s residential building stock, are expected to be among the main beneficiaries of the scheme.

The joint BNPPL-EBRD initiative will help address issues such as the high energy and carbon intensity of Poland’s residential housing sector, and assist the country in moving towards a low-carbon economy by reducing its annual energy consumption and greenhouse gas emissions. It will also contribute to objectives of the Clean Air Priority Programme (CAPP), launched by the Polish government in 2018 and designed to improve air quality in the country.