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A few lessons in energy efficiency policy can go a long way in Europe and Central Asia , where despite improvements in the past two decades, many countries remain highly energy intensive, according to a World Bank Group study. A major reason is that there is an opportunity ready to be addressed: more than 60 percent of the primary energy used to provide energy services in the region is lost in processing or delivery.
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This means there is significant room for improvement and savings. Also, the benefits derived from energy efficiency go beyond commercial considerations. Working on energy efficiency is the least expensive way for governments to improve their energy security. It is also the most effective method to reduce the negative environmental impacts of energy consumption.
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Additionally, industries would become more competitive, helping create jobs by increasing their market share. To be sure, the region did improve its energy efficiency in the period from to — energy intensity dropped 32 percent in Europe and Central Asia and EU countries.
One key lesson gleaned from such reforms is to get energy pricing right, the report found. But the approach to that could be different in different countries. Of the countries that succeeded in getting their energy intensities down, some increased energy prices rapidly, while others did so in a more gradual manner and looked to civil society to help make the process easier. Nearly all successful countries removed energy price subsidies: those with the lowest energy intensity also included environmental taxes.
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Including environmental taxes within energy prices has not been easy, with governments careful about timing, gaining political support and providing opportunities for everyone to mitigate the impacts of higher prices through energy efficiency programs and social safety nets for the poor. The point to be noted is that energy prices are adjusted mainly to reflect all of the costs of energy supply.
Developing an energy efficiency policy, setting targets and passing laws and regulations to implement this policy is also important. So are establishing an agency to monitor the energy efficiency program and developing mechanisms to coordinate it among different ministries and units, and ensuring that adequate low-cost financing is made available to compensate for market rigidities and other external factors. The best examples were countries that coordinated both horizontally among Ministries at the Federal level and vertically at the Federal, provincial and municipal levels.
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In the Kyrgyz Republic, Moldova, and Azerbaijan, Bank-supported projects are helping engage rural communities in participatory and transparent decision-making and project implementation at the local level. Climate change is putting stress on the land, water, and energy resources in the region, which decades of environmental mismanagement have left highly vulnerable to climate variability. To deal with the risks, the Bank is acting on a number of fronts, to support both mitigation and adaptation measures.
It is financing disaster risk and climate change mitigation in Moldova, supporting reforms to provide incentives for efficient energy use in Turkey, investing in sustainable agriculture and climate change mitigation in Uzbekistan, and improving weather forecasting and climate change monitoring in Central Asia and Russia. Growing Green: The Economic Benefits of Climate Action provides practical policy options for achieving a greener growth path by prioritizing investments in energy efficiency, expanding the use of cleaner energy, and improving natural resources management.
Energy Efficiency: Lessons Learned from Success Stories analyzes the policies of countries in the European Union that have improved energy efficiency the most. Balancing Act: Cutting Energy Subsidies While Protecting Affordability demonstrates how to ensure that climate action supports social inclusion by addressing the household impacts of higher energy prices.
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Looking Beyond the Horizon: How Climate Change Impacts and Adaptation Responses Will Reshape Agriculture in Eastern Europe and Central Asia shows that priority measures for adapting to climate change can increase agricultural productivity and contribute to development goals. IFC supported governments in Albania, Kazakhstan, and Kosovo, among others, with key infrastructure privatization projects. Search Documents Advanced Search. Powered by Koha. Log in to your account.
Green development and investment in Central Asia
Advanced search Authority search Tag cloud. Login: Password:. Description: ix, 68 pages : color illustrations ; 26 cm. ISBN: alk. Subject s : Energy consumption -- Europe Energy consumption -- Former Soviet republics Energy policy -- Europe Energy policy -- Former Soviet republics World Bank collection Contents: Acknowledgments -- Abbreviations -- Executive summary -- Top lessons and findings -- Interesting findings for future consideration -- Why is energy efficiency important?