OUR APPROACH & DELIVERABLES:
Logika Group contributed to a comprehensive evaluation covering the period from the launch of the Fund in 2021 through mid-2025. Working in a consortium of partners, we applied a mixed-methods evaluation approach combining quantitative and qualitative evidence from multiple sources.
The evaluation drew on an extensive evidence base, including a review of EU legislation and policy documents, portfolio analysis, stakeholder interviews, surveys of Member States and beneficiaries, and a public call for evidence, providing the European Commission with an independent assessment of the Fund's implementation and recommendations to support its future development.
The Modernisation Fund is a key financing instrument under the EU Emissions Trading System (EU ETS), supporting lower-income Member States in modernising their energy systems and improving energy efficiency. As the first evaluation of the Fund, the study assessed whether its governance arrangements, implementation and administrative processes remain fit for purpose in light of evolving EU climate and energy policy, changing market conditions and implementation experience.
It also examined how the Fund operates at both EU and Member State level, including whether resources are used efficiently, how the Fund interacts with other EU and national financing instruments, and whether it helps mobilise additional public and private investment. It identified lessons learned and opportunities to strengthen the Fund's implementation in future programming periods.
Read the full report here.
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