The most important constraint toward the successful implementation of the energy efficiency investments in Greece remains the absence of appropriate and competitive financial schemes. Energy efficiency improvements seems to be one of the areas that JESSICA instrument should focus on in the case of Greece, considering that energy efficiency constitutes a major component of sustainable urban development. The scope of this paper is to present, in an updating way, an analysis of energy efficiency investments' environment in Greece as well as to examine the potential role of the JESSICA instruments, aiming to the supporting of the real implementation of energy efficiency investments in Greece. In addition, a rigid methodological note is presented for the analysis as well as evaluation of the JESSICA instruments for energy efficiency projects in Greece. (C) 2010 Elsevier Ltd. All rights reserved.