The European Commission is ready to support the setting up of an Energy Efficiency Fund before the end of year, Vice-President of the European Commission for Energy Union Maroš Šefčovič announced during his meeting with the Prime Minister of Ukraine at the House of Government on Friday, September 2.

“Ukraine's potential in the field of energy efficiency and renewable energy is huge: Would Ukraine manage to increase its energy efficiency levels to the EU average level, the savings achieved would be greater than the energy consumption of Spain over a whole year. Ukraine could thus even become an exporter of energy".

The European Commission is prepared to support the establishment of the corresponding Energy Efficiency Fund before the end of this year, he added.