Effectiveness of Blending Alternative Procurement Models and EU Funding Mechanisms Based on Energy Efficiency Case Study Simulation
Tereza Rogić Lugarić (),
Domagoj Dodig () and
Jasna Bogovac ()
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Tereza Rogić Lugarić: Faculty of Law, University of Zagreb, 10000 Zagreb, Croatia
Domagoj Dodig: Agency for Investments and Competitiveness, 10000 Zagreb, Croatia
Jasna Bogovac: Faculty of Law, University of Zagreb, 10000 Zagreb, Croatia
Energies, 2019, vol. 12, issue 9, 1-15
Over the past twenty years, many countries have been looking for alternative procurement models in providing public sector energy efficiency (EE) projects because of high public sector debt and budget deficit. These projects have traditionally been procured and financed by the public sector. While the majority of EU funding resources will be realized in more traditional, purely grant-funded procurement models, a new Investment Plan for Europe for the programming period 2014–2020 has focused on supporting higher private sector involvement in infrastructure investments for achieving the EU Strategy 20/20/20 goals. Seeing that the fundamental purpose of investing in infrastructure is investing in providing public services, the involvement of the private sector is only possible through some alternative procurement models. In these initiatives both the public and the private sector retain their own identities and responsibilities, while their co-operation is based on clearly defined divisions of tasks and risks. The main objective of this paper is to assess the effectiveness of blending alternative procurement models with available EU funding mechanisms in EE sector by applying case study simulation. The findings will show the effectiveness of alternative options and the use of blending solutions in EE investments.
Keywords: public infrastructure; public procurement; funding; energy performance contracts; energy efficiency; private sector participation; public-private partnership; ESCO (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:12:y:2019:i:9:p:1612-:d:226552
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