The article analyzes the mechanisms for financing energy-efficient projects both in Ukraine and in European countries. Attention is focused on the use of a financing mechanism such as ESCO, as the most acceptable for Ukrainian realities. | Energy service companies are an effective tool for financing energy-efficient projects International Journal of Management IJM Volume 11 Issue 5 May 2020 pp. 252-266 Article ID IJM_11_05_025 Available online at http ijm JType IJM amp VType 11 amp IType 5 Journal Impact Factor 2020 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 DOI IAEME Publication Scopus Indexed ENERGY SERVICE COMPANIES ARE AN EFFECTIVE TOOL FOR FINANCING ENERGY- EFFICIENT PROJECTS Kseniia Chichulina Department of Economics Entrepreneurship and Marketing Institute of Finance Economy and Management National University quot Yuri Kondratyuk Poltava Polytechnic quot Poltava Ukraine Vitaliia Skryl Department of Finance Banking and Taxation Institute of Finance Economy and Management National University quot Yuri Kondratyuk Poltava Polytechnic quot Poltava Ukraine ABSTRACT The current state of the housing and communal complex and especially multi- storey buildings is extremely critical. According to statistics their wear is from 70 . More than 100 thousand high-rise buildings require immediate modernization. Energy losses in such homes are from 53 . Taking into account the constant growth of tariffs for housing and communal services and such a level of energy losses all this has led to such a critical situation that has developed today. In this context residents of multi- storey buildings should independently solve this situation. Attention is paid to the analysis of changes in the legal framework in the field of energy saving and energy efficiency. Problem areas and certain shifts were identified. It is established that the activity of the created energy efficiency Fund is based on Bank schemes for financing energy-efficient projects. And it does not yet use the generally accepted European practice. This is why the article analyzes the mechanisms for financing energy- efficient projects both in Ukraine and
