Energy Efficiency

Energy Community, EBRD publish policy guidelines on financing mechanisms for energy efficiency

Energy-Community-EBRD-Policy-Guidelines-financing-mechanisms-energy-efficiency

Photo: Pixabay

Published

July 27, 2020

Country

Comments

0

Share

Published:

July 27, 2020

Country:

Comments:

0

Share

The Energy Community Secretariat and the European Bank for Reconstruction and Development (EBRD) have prepared policy guidelines to help contracting parties to design and establish effective centralized financing mechanisms to boost energy efficiency investments.

According to the recently published Energy Transition Tracker, the energy-saving measures could lead to additional investments worth EUR 2.5 billion in the Western Balkans.

Under the Energy Efficiency Directive, Energy Community contracting parties need to improve energy efficiency by 20% by 2020, with new targets for 2030 to soon be adopted.

Centralised and publicly led financing mechanisms can play an important role in achieving these savings, according to the Energy Community Secretariat.

The policy guidelines aim to support the design and establishment of such mechanisms, covering design considerations such as sources of funding, types of financial instruments, allocation approaches, and good governance.

EBRD and the secretariat developed the guidelines to complement those on energy efficiency obligation schemes (published in November 2018) to support countries in their decision as to the most appropriate policy mix for achieving the required end-use energy savings.

The policy guidelines lays out the following recommendations:

  • Be clear on the scheme’s objectives and how these fit in wider national energy efficiency strategy
  • Ensure the mechanism adopted addresses the market failures identified
  • Ensure effective and transparent governance arrangements are in place
  • Consider interaction with other regulations and policy initiatives
  • Ensure sufficient technical assistance is available
  • Consider scale of scheme when defining objectives
  • Leverage regional experience and capacity
  • Keep it simple and respond to market demand
  • If involving private sector, maximise leverage potential
  • Don’t forget importance of M&V.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Austria ban gas boilers new buildings next year

Austria to ban gas boilers in new buildings in 2023

15 June 2022 - Austria is phasing out fossil fuels in heating, starting with a ban on the installation of gas boilers in new buildings from next year

MRE-GIZ-prosumers-project-june 2022

Germany’s GIZ to help Serbia make renewables available to everyone

09 June 2022 - Minister Zorana Mihajlović signed an agreement with GIZ on the Promotion of Renewable Energy and Energy Efficiency in Serbia

North Macedonia adopts National Energy and Climate Plan lorkowski

North Macedonia first in Western Balkans adopts National Energy and Climate Plan

02 June 2022 - The NECP covers the period from 2021 to 2030 and prescribes the path to achieve the goals set for 2030, the government said

GGF Rockstart seven green ventures Clim@ Scaler program

GGF, Rockstart select seven green ventures for their Clim@ Scaler program

24 May 2022 - Seven finalists were picked for Clim@ Scaler 2022, an accelerator program for scaleup ventures in the Green for Growth Fund's target regions