Environmental Protection And Energy Efficiency Fund Of The Republic Of Srpska

What Environmental Protection And Energy Efficiency Fund Of The Republic Of Srpska does

The Environmental Protection and Energy Efficiency Fund of the Republic of Srpska (EkoFond RS) is a government-backed public institution established in 2002 under the Law on the Fund and Financing of Environmental Protection of Republika Srpska, headquartered in Banja Luka. It functions as the primary financing mechanism for environmental protection and energy efficiency in the entity, collecting environmental levies from producers, importers, and traders of special waste categories (packaging, batteries, tires, electrical and electronic equipment, oils, motor vehicles), receiving annual government budget allocations, and serving as implementing partner for major international climate finance from the EU, GCF, EBRD, UNDP, GIZ, and GEF. Its portfolio includes over 70 retrofitted public buildings, more than 20 million KM in directly implemented donor funds, and a total of approximately 38 million KM in energy efficiency investments across Republika Srpska.

The Fund's core products are web-based information systems that form the official data infrastructure for environmental compliance in the entity: the RECRS registry for energy certificates, the PKO system for waste management data, the REeKo GIS for ecological risk reporting, the EisCc platform for climate change data, the MVP for monitoring and verification of energy savings, and the MOTIVATOR energy savings calculator, supported by the consumer-facing Utopli dom campaign portal. It operates a Project Implementation Unit (PIU) that manages GCF/UNDP and EBRD projects and runs a UNDP-equipped training center for local government capacity building in energy management.

Its business model is grant-based co-financing rather than commercial revenue generation: it awards up to 50% of project value to municipalities, public institutions, and citizens through public calls (residential grants capped at 5,000 KM per application), channels EU Budget Support and donor funds to vulnerable households and MSMEs, and administers EBRD commercial credit with grant components for public building retrofits. The Fund is led by Director Srđan Todorović and is wholly owned by the Government of the Republic of Srpska, with no private equity or external shareholders.

Name

Environmental Protection And Energy Efficiency Fund Of The Republic Of Srpska

Legal name

Environmental Protection and Energy Efficiency Fund of the Republic of Srpska (Фонд за заштиту животне средине и енергетску ефикасност Републике Спрске)

Website

https://ekofondrs.org

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

The Environmental Protection and Energy Efficiency Fund of Republika Srpska is a government-backed institution that collects environmental levies and channels grants, co-financing, and international donor funds for energy efficiency retrofits, environmental protection, and waste management, serving municipalities, public institutions, citizens, and businesses in Republika Srpska, Bosnia and Herzegovina.

Ownership category

akta.pro rank

Product category

Environmental Protection Financing

NAICS

Grantmaking and Giving Services (81321), Grantmaking Foundations (813211)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), International Affairs (9721), Finance Services (6199)

akta.pro industry

PRIMARYFSANAJAA

Climate / Clean Tech & Decarbonization Funds

Financial & Insurance/Private Equity & Venture Capital/Impact / ESG & Sustainable Investment Funds

SECONDARYFSANAJAB

Renewable Energy & Energy Transition Funds

Financial & Insurance/Private Equity & Venture Capital/Impact / ESG & Sustainable Investment Funds

SECONDARYFSANAEAD

Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS)

Financial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)

SECONDARYFSANAJAF

Water & Waste / Circular Economy Funds

Financial & Insurance/Private Equity & Venture Capital/Impact / ESG & Sustainable Investment Funds

SECONDARYFSANAEAE

Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency)

Financial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)

SECONDARYFSANAEAB

Energy & Power Infrastructure Funds (Generation, Transmission, Storage)

Financial & Insurance/Private Equity & Venture Capital/Real Assets Funds (Infrastructure, Real Estate, Energy)

SECONDARYBPADACAH

Climate Finance Funds & Green Investment Facilities

Business & Public Services/International Organizations & Development/International Financial Institutions & Development Banks

SECONDARYBPADAOAB

Grantmaking & Philanthropic Funds (Institutional Donors)

Business & Public Services/International Organizations & Development/Donor Coordination, Grantmaking & Development Finance Programs

Keywords

• Environmental protection financing
• Energy efficiency grants
• Public fund management
• Waste management systems
• Climate finance administration

Headquarters

HQ city

Banja Luka

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Environmental Levy Collection: The Fund collects environmental fees (naknade) from producers, importers, and traders of products that become special waste categories after use, including packaging waste, plastic bags, batteries and accumulators, tires, electrical and electronic equipment, mineral and synthetic oils, and motor vehicles. Revenues are used to finance environmental protection programs and projects.
2. Government Budget Allocations: Annual budget allocations from the Republic of Srpska government for environmental protection and energy efficiency programs.
3. International Donor Financing: The Fund serves as implementing partner for international donor funds including EU budget support grants, Green Climate Fund (GCF) resources channeled through UNDP, EBRD commercial loans with grant components, GIZ project financing, and GEF/UNDP climate transparency initiatives. The Fund has directly implemented over 20 million KM in donor funds and over 70 public buildings have undergone energy efficiency measures.
4. Co-financing and Co-funding of Projects: The Fund provides co-financing for programs and projects from environmental fees and other sources. Recipients (municipalities, public institutions, citizens) contribute a portion of project costs, typically 50% for residential sector grants up to 5,000 KM per application.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Fund is a public government financing institution that collects environmental fees, special waste category charges, and pollution levies from producers, importers, and traders, and redeploys these resources alongside international donor financing to co-finance environmental protection and energy efficiency projects across Republika Srpska. It runs annual public calls (javni konkurs) distributing grants and co-financing to municipalities, public institutions, citizens, and MSMEs for building retrofits, renewable energy installations, waste management, and water infrastructure. The Fund also operates a portfolio of web-based regulatory information systems for energy certificate registration, waste management reporting, climate data, ecological risk mapping, and energy savings monitoring.

Product overview

The Fund operates as a government environmental and energy efficiency agency managing multiple web-based platforms and applications. The core portfolio includes RECRS (energy certificate registry), MVP (energy savings monitoring platform), PKO (waste management information system), EisCc (climate change information system), REko (environmental GIS), MOTIVATOR (energy savings calculator), and the Утопли дом residential campaign platform. These interconnected systems support the Fund's mission of environmental protection and energy efficiency through public tender management, project co-financing, waste fee collection, and energy certificate issuance. The Fund also participates in international projects like CIRCLE (circular economy) supported by the EU ADRION program.

Differentiator

Problem solved

Functional benefit

Products and services

• Environmental Protection Grant Co-financing Program (Javni konkurs - Zaštita životne sredine) Annual public call (javni konkurs) distributing grants and co-financing to municipalities, public institutions, and other applicants for environmental protection programs and projects including waste management, water supply, sewage, and ecological infrastructure in Republika Srpska.
• Energy Efficiency Grant Co-financing Program (Javni konkurs - Energetska efikasnost 2025) Annual public call distributing grants and co-financing to municipalities, public institutions, citizens, and MSMEs for energy efficiency improvement projects including thermal insulation, window replacement, biomass and pellet boiler installation, and renewable energy systems.
• Residential Energy Efficiency Grant Program (EU Budget Support - Stambeni sektor) Free non-repayable grants from EU budget support for energy efficiency measures in residential buildings (houses, apartments in multi-family buildings) for citizens, with co-financing up to 5,000 KM or 50% of project value per application. 2024 budget allocation of 3,000,000 KM targeting 2,500+ beneficiary households.
• Environmental Levy Collection Services Collection of environmental fees (naknade) from producers, importers, and traders of products that become special waste categories after use, including packaging waste, plastic bags, batteries and accumulators, tires, electrical and electronic equipment, mineral and synthetic oils, and motor vehicles. Revenues are used to finance environmental protection programs.
• RECRS - Registry of Energy Certificates of Republika Srpska Online web application for registering and managing energy performance certificates of buildings in Republika Srpska. Allows authorized persons to issue and track energy certificates for buildings, serving the regulatory framework for energy efficiency compliance.
• PKO - Information System for Waste Management Data Web application for entities to register and report data on waste management, including special waste categories such as packaging, batteries, tires, electronic equipment, mineral and synthetic oils, and motor vehicles. Supports regulatory compliance and reporting obligations for waste producers, importers, traders, and operators of packaging waste management systems.
• MVP - Monitoring and Verification Platform for Energy Savings Platform for monitoring and verification of energy savings achieved through energy efficiency measures implemented through the Fund's programs. Used for tracking and validating energy efficiency improvements in retrofitted public buildings and residential projects.
• EisCc - Climate Change Information System Information system for climate change data management, tracking and reporting climate-related metrics and environmental data. Supports the Fund's climate transparency obligations and CBIT (Capacity Building for Transparency) project activities.
• REeKo - Geographic Information Management System for Ecological Risks GIS-based system for reviewing and reporting ecological risks in the environment, allowing users to view and report environmental hazards on a map-based interface accessible to citizens and institutions.
• MOTIVATOR - Energy Savings Calculator Interactive web application that helps users calculate potential energy savings from implementing energy efficiency measures in their residential buildings, supporting grant application planning and awareness.
• Utopli dom (Warm Home) Campaign Platform Dedicated consumer-facing information portal providing news, guidance, knowledge base, and resources on energy efficiency in the residential sector, including public call information, residential grant details, and the MOTIVATOR energy savings calculator.
• Energy Management and Building Energy Audit Training Programs Training programs for energy managers in local governments and certified professionals conducting building energy audits, delivered at the Training Center equipped by UNDP with computers, projectors, scanners, and printers under the CBIT project financed by GEF.

Quantifiable outcome

• Energy savings of 15,000-20,000 KM per public building annually after energy efficiency retrofit
• +4 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• GIZ - Deutsche Gesellschaft fuer Internationale Zusammenarbeit (German Society for International Cooperation)coreStrategic or Co-development Partner · 8 May 2026Memorandum of Cooperation signed in the framework of the 'Community Action for Energy Transition - CAET' project. GIZ supports the Fund's work on decarbonization of the energy sector in BiH, including the 'Utopli dom' (Warm Home) campaign and energy management training for local governments. GIZ also supports the Fund in implementing EU budget support programs.
• UNDP Bosnia and Herzegovina (Razvojni program Ujedinjenih nacija)coreStrategic or Co-development Partner · 11 November 2022Memorandum of Cooperation signed between the Fund and UNDP BiH providing a framework for stronger future cooperation. UNDP is one of the Fund's most significant international partners in preparing and implementing environmental protection and energy efficiency projects. Over 20 million KM in donor funds have been implemented through the Fund by UNDP. The Fund has built its own capacity for direct implementation of donor funds under UNDP supervision. UNDP provides a training center equipped with computers, projectors, scanners, and printers under the CBIT project (Capacity Building for Transparency) financed by GEF. UNDP has conducted over 50 million USD in projects in Republika Srpska over three years, with 30 million USD directed toward energy efficiency and renewable energy.
• Laktasi MunicipalityminorStrategic or Co-development Partner · 1 February 2021Partner in the CIRCLE project (Circular Innovation and Resilient City Labs in the Adrion Region) for developing circular economy solutions in municipal waste management. Laktasi procured equipment for communal waste management including a transport truck, containers, and composters, distributed to 85 households. The Fund promotes circular economy concepts and proper waste management.
• Ministry of Spatial Planning, Construction and Ecology of Republika SrpskacoreStrategic or Co-development PartnerThe Fund works closely with the Ministry on environmental protection policy, energy efficiency legislation, and joint organization of the annual International Conference on Energy Efficiency. The Ministry serves as the contact institution for BiH under the UN Framework Convention on Climate Change.
• Ministry of Energy and Mining of Republika SrpskaminorStrategic or Co-development PartnerCollaboration on energy sector policy, renewable energy development, and joint participation in international energy forums and summits.
• Nizhny Novgorod Chamber of Commerce (Russia)minorStrategic or Co-development PartnerMeeting held between Fund Director and Nizhny Novgorod delegation to explore potential cooperation in environmental protection and energy efficiency projects, connecting businesses from Nizhny Novgorod with enterprises from Republika Srpska for joint technology and product development in environmental and energy efficiency areas. Discussion also on possible joint production of components in Russia or Republika Srpska.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Slovak Environmental Agency (SAŽP): Central/Eastern European peer with adjacent mandate in environmental monitoring, climate data, and information systems. Overlaps with the Fund's information-system stack (RECRS, MVP, EisCc) rather than its grantmaking arm.

Broad incumbents

• Polish National Fund for Environmental Protection and Water Management (NFOŚiGW): Larger Polish national environmental fund operating the same general model (fee collection, EU fund blending, public/residential EE co-financing) and absorbing ODA/EU cohesion flows. Compares structurally but at materially greater scale and budget envelope.
• European Investment Bank (EIB): EU-level climate-finance institution increasingly active in Western Balkans energy efficiency lending. Same structural role (blending EU donor capital with project finance) but at multi-euro scale and with direct EU mandate.
• Green Climate Fund (GCF): The Fund is a designated GCF Accredited Entity partner (via UNDP). GCF is a global climate-finance fund operating at much larger scale but with the same underlying logic: blending donor capital with in-country execution to deliver low-carbon outcomes in transition economies.

Others

• European Bank for Reconstruction and Development (EBRD): Direct financing partner providing a €6.1M credit + grant package for public buildings. EBRD is not a peer in mandate, but it is the model for what a successful transition-finance institution looks like and is the upstream counterparty for the Fund's largest project finance deal.
• Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ): Strategic cooperation partner (CAET project, Utopia Dom campaign). GIZ is a development-cooperation implementation partner rather than a fund, but is the closest analogue to the Fund's PIU role and technical-assistance delivery model.
• United Nations Development Programme (UNDP) Bosnia and Herzegovina: Core strategic/implementation partner; UNDP channels GCF funds through the Fund and supports PIU capacity-building. Comparable in being a non-government financing/implementation intermediary focused on environment and climate, but at global scale.
• KfW Development Bank: German bilateral development bank active in the Western Balkans via EE/RE programs. Comparable as a donor counterparty with similar fund-blending model; not a peer in subnational mandate but a benchmark for development-bank execution.

Direct peers

• Croatian Fund for Environmental Protection and Energy Efficiency (FZOEU): Closest structural mirror: a statutory national fund outside Republika Srpska that co-finances environmental and energy-efficiency projects, collects environmental levies, and channels EU funds. Same mandate, same dual EE + waste focus; main difference is country/jurisdiction.
• Czech State Environmental Fund (SFŽP ČR): Statutory state-level environmental/energy fund in a transition economy with comparable functions: grant co-financing for public and residential retrofits, donor program management, and operating information systems. Highly analogous business model and mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ekofondrs

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Environmental Protection And Energy Efficiency Fund Of The Republic Of Srpska