New study maps path to improved energy efficiency through better governance

New study maps path to improved energy efficiency through better governance

The European Bank for Reconstruction and Development (EBRD) and the International Energy Agency (IEA) have teamed up to promote energy efficiency by highlighting the crucial role of good governance. The IEA published the results of its global Energy Efficiency Governance study in the form of a summary handbook and a detailed report. This study, backed

The European Bank for Reconstruction and Development (EBRD) and the International Energy Agency (IEA) have teamed up to promote energy efficiency by highlighting the crucial role of good governance.

The IEA published
the results of its global Energy Efficiency Governance study in the form of a
summary handbook and a detailed report. This study, backed by the EBRD Swiss
Technical Assistance Cooperation Fund, aims to provide government officials and
stakeholders with guidance on how to establish effective structures to promote
energy efficiency. In particular, it highlights the importance of developing
legal, institutional, funding and coordination mechanisms to support national
and sub-national energy efficiency policy implementation.

Energy efficiency
projects are a key element within the EBRD’s overall Sustainable Energy
Initiative (SEI), which aims to reduce energy waste, but also increase energy
security and a diversification of the sources of energy, including the use of
renewables.

The EBRD believes
that by increasing energy efficiency, economies can become more competitive
while at the same time helping mitigate the impact of climate change.

Under the SEI,
which was launched in 2006, the EBRD has already invested some 6 billion euros
in over 300 energy efficiency projects.

While energy
efficiency awareness is increasing, the IEA study notes that improvements in
this area can be difficult.

The Energy
Efficiency Governance study is based on a global review of many elements of
energy efficiency governance. These elements include legal frameworks,
institutions, funding tools, coordination mechanisms and accountability
arrangements, such as evaluation and oversight. Information for the handbook
was gathered from 175 energy efficiency professionals in 70 countries.

Renewable Energy Projects in Bosnia and Herzegovina

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