00:03I don't think we were ever more challenged when it comes to energy than these days.
00:08We are more or less facing a potential second energy crisis, so everybody is aware how important it is to
00:17reduce the consumption of energy
00:19and how important it is to increase renewables and to all together have a more conscious and logical energy policy.
00:31The Caucasian Fund has been supporting energy and the energy conversion since more than 20 years.
00:37It's part of our DNA, I would say, so it's a standing policy.
00:41It has increased in value and visibility over the last couple of years with RepowerEU,
00:48and again, already from the Ukrainian war, you felt the pressure to invest more and to invest broader.
00:55The added value of the Caucasian policy, I would say the biggest added value, is the fact that we can
01:02experiment,
01:03that we can launch a couple of investments that are in new areas.
01:08Energy communities is a good example. Energy communities is an immersion policy, something that is not totally finalized,
01:16and thanks to the European investments we can sometimes get to a situation where we can show what is working,
01:24what is not working,
01:24what are the obstacles to remove and so on.
01:27And we have on our side to thank all our beneficiaries who are doing this job,
01:31because the Caucasian policy itself only lends the money to do it in a broad framework,
01:37but the actual quality of the activity comes from the heart and soul that our beneficiaries are putting into these
01:45initiatives.
01:46And we have on our side to thank all our beneficiaries.
01:47Thank you.
01:48Thank you.
01:51Thank you.
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