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Analysis of National Case Studies on Policy Reforms to Promote Energy Efficiency Investments

Synthesis Report Based on Case Studies from Armenia, Azerbaijan, Belarus, Brazil, China, Croatia, Egypt, Georgia, Kuwait, Montenegro, Morocco, South Africa, Tajikistan, Thailand, Tunisia, Uruguay, Zambia

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This publication aims to identify existing barriers to energy efficiency policy implementation and to provide recommendations to policymakers for reforms that can support market formation and foster favourable climate for investments in energy efficiency. It develops a benchmark that should serve as a reference point for policymakers and energy experts working in the field of energy efficiency. This benchmark is a synthesis of policy incentives that should be in place in order to stimulate and ensure successful energy efficiency policy outcomes. The desired policies are divided into three groups: 1) legal, institutional and regulatory; 2) economic and financial; and 3) socio-political. A set of these policies in place at a sufficient degree in a particular country is a basis for successful formulation and implementation of energy efficiency policies and related projects.

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Introduction

A global consensus is emerging that progress in energy efficiency is the most effective way of mitigating climate change. This is partly because of the vast potential for energy efficiency improvements to reduce CO2 emissions that can be implemented relatively quickly, cheaply and reliably. Cost-effective energy efficiency improvements and clean energy technologies are self-financing given favourable economic and regulatory conditions exist in markets around the world.

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