E e) ' O 3 ' Document1 Word Deborah Nseyen E File Horne Insert Draw Design Layout References Mailings Review View Developer Help PDF 9 Tell me what you want to do L 131234|567 Greenhouse gas (GHG) emissions from the building sector have more than doubled since 1970 and now represent 19% ofall global GHG emissions. The lower middle-income countries in Eastern Europe and Central Asia (EECAI, including Armenia, account for almost 40% of all non-OECD GHG emissions in the buildings sector. These countries also exhibit some of the world's highest levels of per capita energy use in buildings, as well as potential for further growth, which make them good candidates for a GCF~ supported energy efficiency retrofits acceleration project. Globally, the building sector offers the greatest potential for abatement. Increasing the efficiency of energy use in buildings has estimated mitigation potential of 3.3 to 4 GtCOZe/year. Cost-effective best practices and technologies, such as deep energy efficient retrofits, can achieve 50-70% energy savings when they are broadly applied. The buildings sector is one of major energy consumers in Armenia. Most buildings in Armenia were constructed during the Soviet era (35-60 years ago) when energy performance parameters were mainly overlooked. According to Armenia's 2010 National GHG Inventory in the National Communication to the UNFCCC, almost 28% of primary energy resources are consumed in buildings, mostly in the residential sector, and 20% of GHG emissions. Due to Armenia's markedly continental climate with a long heating season and winter average temperatures around -5\"C and an absolute minimum temperature of -42"C, energy consumption and GHG emissions in the Armenian building sector are mainly associated with space heating. Average thermal energy consumption for space heating in new residential buildings in Armenia is 185 kWh/m2 per year with older buildings having significantly higher needs. One subset of buildings with significant energy-savings potential in Armenia is concrete panel buildings, of which there are about 4,300. In such buildings alone, the energy-saving potential from thermal modernization is over 1.25 Wyear, with a GHG reduction potential of 250,000 11202 per year, and annual savings of US$ 63 million (based on the gas and electricity tariffs of 2014). a a m 2 N B IIII - - @m 4'? G\" E} 9:26AM E: 6/ 14/ 2023