FUNDS MOBILIZATION RECOMMENDATIONS FOR INDUSTRY PROPOSED (English summary only)

The LIFE Integrated Project "Increasing Energy Efficiency in Lithuania" (LIFE IP EnerLIT) aims
to enhance energy efficiency and transition energy-intensive industries toward a climate-neutral economy
by 2030. This involves analysing funding sources and implementing measures outlined in Lithuania's
National Energy and Climate Plan (NECP) for 2021–2030.

Key NECP objectives include reducing greenhouse gas (GHG) emissions in EU ETS sectors by
62% compared to 2005 levels and achieving a 55% share of renewable energy in final consumption by
2030. The plan promotes renewable energy development, industrial electrification, hydrogen production,
and energy efficiency improvements across production and consumption chains.

The report highlights funding challenges for industrial transformation. While €2.951 billion is
allocated to current NECP measures, an additional €235 million (€97 million in public funds) is required
to fully implement planned initiatives. Identified funding sources include the EU Innovation Fund, the
Modernization Fund, and other financial mechanisms, focusing on decarbonization projects and
innovative technologies.

Recommendations emphasize:
1. Prioritizing public investments in industries facing high energy costs and carbon reduction
challenges.
2. Leveraging EU funds, including the Innovation Fund, for industry-specific solutions.
3. Engaging stakeholders early through consultations to identify impactful decarbonization strategies.
4. Establishing a digital platform to centralize information on funding opportunities and simplify
access for industries and associations.
5. Creating a long-term funding roadmap to ensure project continuity until 2030.
These measures aim to secure the necessary financial resources, enhance industrial
competitiveness, and meet Lithuania’s climate neutrality and energy efficiency goals.