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Energy Community unveils its new publication on energy efficiency potential and funding

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On 17 June 2015, the Energy Community Secretariat unveiled its new publication Energy Community – Tapping on its Energy Efficiency Potential during the EU Sustainable Energy Week Policy Conference held in Brussels.

 

The publication provides a comprehensive overview of the technical assistance to support the uptake of energy efficiency, the Contracting Parties’ progress in their implementation of the relevant Energy Community acquis and the financing available from various financial institutions. The publication also presents a series of showcases implemented on the ground, the majority of which are from the building sector. These were selected to demonstrate the significant efficiency and environmental gains possible, and also for their high potential for replication in other countries..

 

 

Key messages

 

  • Acknowledging energy efficiency’s place as the “first fuel” is a significant step forward. Energy efficiency markets deliver goods and services that reduce the energy required to fuel the economy.
  • Energy efficiency requires an integrative approach, including a solid legal and regulatory framework and well trained and staffed energy efficiency implementation bodies, innovative financing and price and tariff reforms.
  • Energy efficiency is ever more important during a time when energy prices have risen and will continue to rise significantly across the Energy Community countries.
  • Energy efficiency is gradually becoming an established financial market segment. Energy efficiency financing in the Western Balkans is developing from being a niche to a more established financial market segment. This is, in part, the result of the availability of a greater range of financial products, models and intermediaries to facilitate investment.
  • Large amounts of public finance are being committed to energy efficiency. For example, the European Bank for Reconstruction and Development, the European Investment Bank (EIB), the World Bank and Germany’s public investment bank KfW are becoming more and more engaged in providing affordable lending terms to large scale energy efficiency programmes and financing facilities and funds.
  • Another important channel for public finance to energy efficiency is through the development aid programmes of bilateral and multilateral agencies.
  • Contracting Parties will have to increase their engagement in energy sector reforms and market penetration of energy efficient technologies, and use energy efficiency as means to reduce energy bills and thus the risk of energy poverty.

 

 

 

You can find more information on the report here.

You can find more information on Energy Community here.