Croatia approved new investments from the Modernization Fund worth 109 million euros

On Thursday, March 26, 2026, a meeting of the Investment Committee of the Modernization Fund was held in Luxembourg, attended by two representatives of the Climate Transition Directorate of the Ministry of Environmental Protection and Green Transition.
During the first decision-making cycle for 2026, 83 proposals were submitted, of which 51 were selected, including four from Croatia.
These are the programs:
• Increasing energy efficiency by removing fluorinated greenhouse gases - 35 million euros
• Decarbonization of national parks and nature parks - 18 million euros
• Use of renewable energy sources in the primary agricultural sector of production and processing of agricultural products - 30 million euros
• Promoting the use of geothermal energy for heating in local and regional self-government units - 26 million euros.
To this date, the Republic of Croatia has been granted funds from the Modernization Fund worth a total of EUR 594.5 million for programs in the areas of green energy, renewable sources, district heating, nature conservation and transport modernization. By implementing these programs through current and future tenders in 2026 and 2027, Croatia will accelerate the achievement of the green transition goals.
The programs approved yesterday were prepared in cooperation with the Ministry of Economy and the Ministry of Agriculture, Forestry and Fisheries, with two of them being part of the Government of the Republic of Croatia's package for strengthening the resilience of the population and the economy.
At the session, at the invitation of representatives of the European Investment Bank and the European Commission, representatives of the Ministry of Environmental Protection and Green Transition presented the previously approved program "Decarbonization and Modernization of District Heating Systems" as an example of a well-prepared program. This is a plan worth EUR 80 million and is the result of intensive cooperation between the Ministry of Economy, the Environmental Protection and Energy Efficiency Fund and the Ministry of Environmental Protection and Green Transition, and following the conclusion of the Government, a call for funding will be published in April.