About the “FTE”
The Energy Transition Fund (ETF) is a special treasury fund of the Tunisian Republic established under the finance law n°2013-54 of December 30, 2013, replacing the National Fund for Energy Conservation (NFEC), created by law 2005-82 of August 15, 2005.
The objective of creating the ETF is to support the national energy transition strategy by encouraging investments in the field of energy conservation, promoting and supporting the creation of energy service companies, and implementing national programs aimed at reducing energy subsidies.
The ETF offers Tunisian consumers (citizens and businesses) a multitude of integrated financing solutions, including:
- Investment grants
- Concessional loans to be combined with resources from the banking sector
- An investment fund to complete the financing scheme through repayable endowments or equity stakes
- Personalized interventions to be implemented by the State and/or local authorities, depending on the nature of the action and the relevance and importance of the potential for energy and subsidy savings.
Fund Resources
Since the creation of the FTE (Energy Transition Fund), several regulatory texts have been promulgated to define the sources and levels of levies that will feed the Fund. According to the regulations, the resources of the FTE come from:
- The tax due upon the first registration of passenger cars (2006)
- The tax on the import and manufacture of air conditioners, excluding exports (2006)
- The tax due on lamps and tubes upon import or local production, excluding exports, under tariff item No. 85-39 of the customs tariff, excluding energy-saving lamps and tubes (2008)
- The tax due on the import of used engines and spare parts (2014)
- The tax due on consumed energy products (2019)
- Donations and grants from individuals and legal entities for the benefit of the fund.
Jobs
By the end of 2021, FTE interventions only covered investment premiums with a total budget between 2006 and 2021 of approximately 335 MDT.
