Energy efficiency starting to be taken seriously in Western Balkans
17 Jun 2015
Nowhere else in Europe does energy efficiency have such great potential than in the Energy Community Contracting Parties. In fact, their average energy intensity is nearly six times higher than the EU average. The Secretariat’s publication “Energy Community – Tapping on its Energy Efficiency Potential” demonstrates, by mapping out the projects, programmes and investment credit lines that support energy efficiency in the region, that although the Contracting Parties are lagging behind, energy efficiency is starting to be taken seriously by an increasing number of stakeholders.
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 serious of showcases implemented on the ground, which were selected for publication due to their high potential for replication in other countries and their high CO2 emissions and energy savings.
The fact that only one-third of the 700 million EUR available from international financial institutions and the European Commission for energy efficiency is being used points to the fact that available funding is not the only enabler of energy efficiency investments. The publication underlines that the uptake of energy efficiency requires an integrative approach. To stimulate the uptake of energy efficiency, the Contracting Parties should increase their engagement in energy sector reforms, including price and tariff policies, and promote the market penetration of energy efficient technologies.
The publication was unveiled during the EU Sustainable Energy Week Policy Conference held in Brussels today.