Energy Efficiency

Western Balkans could attract EUR 2.5 billion in investments to boost energy efficiency

energy-transition-tracker-energy-efficiency-investments-western-balkans

Photo: Pixabay

Published

July 23, 2020

Country

Comments

0

Share

Published:

July 23, 2020

Country:

Comments:

0

Share

The Western Balkan countries are slow in using their potential in energy efficiency improvement, despite the fact that energy-saving measures could lead to additional investments worth EUR 2.5 billion and lower energy consumption in buildings by 40%, according to the Energy Transition Tracker.

The slow pace translates to energy productivity in the range of 20% to 50% in the EU while the investment gap in energy-saving measures in buildings is widening.

The Energy Community Secretariat has launched the Energy Transition Tracker to monitor the process in the Western Balkans. After details on the development of the power exchanges in the region, reduction of the pollutant emissions, and renewable energy sector, Balkan Green Energy News presents the latest results in the efforts to use energy more efficiently in the region.

The WB6 – Albania, BiH, Kosovo*, Montenegro, North Macedonia and Serbia – have an obligation to transpose the Energy Efficiency Directive (2012/27/EU). It set a 20% target for the Energy Community for 2020 and a cap on the consumption of primary and final energy to be achieved collectively by all Energy Community contracting parties.

They also had to adopt indicative national energy efficiency targets, and national plans with measures in buildings, power transmission and distribution, district heating and cooling systems.

According to the data for 2018, consumption excluding BiH is well below the maximum determined for 2018. However, energy productivity of all Western Balkan parties still remains low in comparison with the EU, the tracker reads.

energy-transition-tracker-energy-efficiency-targets

Opportunity for large investments

Renovating buildings to meet the minimum energy performance requirements set in the Energy Performance of Buildings Directive will ensure higher living, health and comfort standards for citizens and achieve energy savings as high as 40% in the building sector, the tracker underlines.

This makes sense even more when you know that the buildings sector is the largest final energy consumer, with 43% of total energy consumption in the Western Balkans.

According to the Energy Community Secretariat, the EU, international financial institutions and donors have all made contributions to support the WB6 in this area. One of the examples is Green Energy Financing Facility (GEFF). But numbers are not so good.

Between 2010 and 2020, EUR 1.06 billion was invested in energy-saving measures in buildings, which is only 30% of the investment needs – EUR 3.54 billion.

energy-transition-tracker-energy-efficiency-buildings

Renewables in district heating and cooling systems is a solution

The tracker pointed to opportunities in district cooling and heating systems for na increase in energy efficiency.

District heating based on renewable energy or residual heat is the most economic, clean and efficient solution for supplying heating services to high population density urban areas, the report reads.

The Western Balkans have good potential for using renewable energy (biomass, solar, geothermal) in district heating, implying a fossil fuel phaseout. Again, there is a lack of investments and political will for sustainable district heating to become a reality.

In the Western Balkans, around 14% of total heat demand is produced and distributed to final users in district heating systems.

As a solution for financing the introduction of renewables in district heating and cooling systems, the tracker suggested regional programme Renewable District Energy in the Western Balkans (ReDEWeB).

energy-transition-tracker-district-heating

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

Europe first LFP battery gigafactory built in Serbia ElevenEs

Europe’s first LFP battery factory to be built in Serbia

21 October 2021 - ElevenEs will produce LFP batteries for vehicles and energy storage in Subotica, Serbia. It will build the plant with the help of EU funds.

Tuzla to decarbonize district heating system

Tuzla plans to decarbonize its district heating system

19 October 2021 - Tuzla intends to cut heating emissions to 4% of their current level by 2040 with desulphurization, renewables and network expansion

Zlatiborac GEFF Serbia Leasing

Supply of high-efficient equipment helped Zlatiborac reduce electricity consumption, CO2 emissions

14 October 2021 - Zlatiborac company, famous in Serbia and across Europe for its cured meat products, has recently supplied a high-efficient equipment line for cutting and slicing.

GGF Novus building energy efficient supermarkets

GGF supports Novus in building energy-efficient supermarkets

12 October 2021 - GGF joined the EBRD in providing a loan to Novus for the construction of energy-efficient supermarkets and the first green distribution center in Ukraine