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Challenges in delivering energy efficiency – the role of regional cooperation Unlocking South East Europe Energy Potential Sofia, 3 June 2015 Bilyana Chobanova Senior energy efficiency expert, Energy Charter Secretariat The “first fuel” Source: IEA Energy Outlook, 2014 Source: IEA Energy Outlook, 2014 World energy related CO2 emissions abatement Source: IEA Energy Outlook, 2014 Multiple benefits from energy efficiency Source: IEA 2014 Challenges to energy efficiency Policy, legislative and Institutional framework?  National policy goals and objectives do not sufficiently reflect the existing potential for energy efficiency  Legal framework and policies are not suitably enforced  Lack or under resourced national institutions for energy efficiency  Monitoring and review of implementation Energy prices  Cross subsidies and high level of non payment Challenges to energy efficiency Local authorities  Capacity to develop and implement projects Energy statistics and energy efficiency indicators  Baseline energy use  Monitoring and verification of saving Availability and access of financing  Fragmented donor and government programs  Unavailable financial mechanisms and incentives for final users  Underdeveloped energy efficiency service markets  Marginally or un-creditworthy municipalities or home owners associations Can international/regional cooperation help solving the challenges? International cooperation activities G20 9 principles on energy collaboration  Support sustainable growth and development, including by promoting energy efficiency, renewables and clean energy  Encourage and facilitate the design, development and widespread deployment of clean and innovative energy technologies G20 Energy Efficiency Action Plan/IPEEC  Aimed to allow countries to share knowledge, experience and resources  Addresses emerging challenges and gaps in existing work  Six areas of energy efficiency work – buildings, products, industrial amendment; high efficiency generation; vehicles; finance International cooperation activities  Energy Charter EE Working Group  Policy peer- reviews and recommendations  Forum for exchange of best practices and lessons learned  ENR, MEDENER  “club” of energy/energy efficiency agencies  UfM Energy Efficiency Platform  Energy Community Task Force  Supports implementation of EU legislation of member countries Potential framework for EE cooperation in SEE  Develop a regional long term vision on energy efficiency and sustainable energy  Regional energy efficiency recommendations to support the implementation of EE legislative framework and improve institutional capacity  Establish a common regional platform for monitoring progress, including energy efficiency indicators  Identify and exchange best practices and lessons learned from implementation of various policies, including financial and fiscal incentives Potential framework for EE cooperation in SEE  Create regional market for tradable energy saving certificates  Facilitate access to financing and scaling up energy efficiency investments through engaging financial institutions:  Identify drivers for energy efficiency investment demand  Define rationale for supply and delivery of energy efficiency investments  Provide recommendations for policy makers as well as for market participants Thank you for your attention [email protected] www.encharter.org