Ukraine : Facilitating Municipal Energy Efficiency Finance
The Ukrainian government recognizes investing in energy efficiency (EE) as a pillar of its energy sector strategy for reducing reliance on imported natural gas, mitigating the financial and fiscal stresses of high energy costs, and supporting econo...
| Main Authors: | , |
|---|---|
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25909892/ukraine-facilitating-municipal-energy-efficiency-finance-policy-paper http://hdl.handle.net/10986/23799 |
| Summary: | The Ukrainian government recognizes
investing in energy efficiency (EE) as a pillar of its
energy sector strategy for reducing reliance on imported
natural gas, mitigating the financial and fiscal stresses of
high energy costs, and supporting economic recovery and
long-term growth. Major government initiatives have been or
are being undertaken to scale up EE investments in
industries and residential buildings, two of the largest
final energy consumers. Efforts to support EE in the public
sector also received a boost with the recent enactment of
the energy service company (ESCO) law and amendments to the
budget code to enable energy performance contracting. The
municipal sector - which includes municipal buildings as
well as municipal services such as public lighting, district
heating, water and sanitation, solid waste, and public
transportation - accounts for the lion’s share of final
energy consumption in the public sector. Facilitating and
scaling up municipal EE finance should be a key component of
the government’s national EE support agenda. Creating a
dedicated EE revolving fund (EERF) for the public sector -
and focusing its initial efforts on financing EE renovation
of municipal buildings - will fill a critical gap in
municipal EE financing in Ukraine and help address perhaps
the most pressing municipal EE investment needs of Ukrainian cities. |
|---|