The Economic and Social Commission for Western Asia (ESCWA) is implementing a UN Development Account (DA) project on “Promoting Energy Efficiency Investments for Climate Change Mitigation & Sustainable Development”, designed to promote energy efficiency investment projects in the region.

This DA project is an inter-regional initiative involving the five UN Regional Commissions. These include the Economic Commission for Europe (ECE), the Economic and Social Commission for Asia and the Pacific (ESCAP), the Economic Commission for Africa (ECA), the Economic Commission for Latin America and the Caribbean (ECLAC), and the Economic and Social Commission for Western Asia (ESCWA), with a contribution from the UN Department of Economic and Social Affairs (DESA). The project is led by the UN-ECE and combines technical assistance in design and implementation of investment projects, advice on policy and institutional reforms, and direct links with financial institutions (e.g. banks and investment funds) in order to establish mechanisms, which are able to fast-track the development of self-sustained markets for energy efficiency.

The overall goal of the DA project is to strengthen capacities of developing countries and countries with economies in transition to attract investments in energy efficiency projects in the context of climate change mitigation and sustainable development.
 
The activities related to this DA project were completed in June 2015.