June 2010: The UN Economic Commission for Europe (UNECE) has published a report titled “Regional Analysis for Policy Reforms to Promote Energy Efficiency and Renewable Energy Investments.” The report provides recommendations to develop and implement policy reforms supporting market formation and fostering a favorable climate for investments in the sectors of energy efficiency and renewable energy sources.
This wide-ranging regional assessment is based on case studies, expert workshops and senior policy maker seminars. It encourages policy makers to focus on: “quick wins” to demonstrate rapid results and increase political support through those measures that can be introduced in less than a year and are likely to produce significant impact at moderate costs; “essentials” as the backbone of a comprehensive energy efficiency and renewable energy policy, affecting the areas of greatest potential by raising standards and stimulating investments that are already financially viable; and “high cost, high return” measures that will remove fundamental barriers and will make more energy efficiency and renewable energy investments financially viable.
As part of the Financing Energy Efficiency for Climate Change Mitigation project, Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Kazakhstan, Republic of Moldova, Romania, the Russian Federation, Serbia, the former Yugoslav Republic of Macedonia and Ukraine were included in the report. [Full Report] [Executive Summary]