1887

Development of Energy Service Companies Market and Policies

image of Development of Energy Service Companies Market and Policies
It examines the current status of ESCO development in twelve countries participating in the project. For the purposes of the report all participating countries are divided into three groups: member states of the European Union (EU), South-Eastern European countries and countries of Eastern Europe and Central Asia (the latter represented by Kazakhstan). The development of the ESCO market in these countries is not at the same level. The proposed grouping helps examine the current situation with ESCOs in the countries based on their geographical situation and neighborhood as well as the membership in and/or relationship with the EU. Information presented in this report is based on the results of desk research, findings of the Regional Analysis of Policy Reforms to Promote EE and RE Investments (undertaken earlier in the framework of the FEEI project), information provided by the National Coordinators (NCs) and National Participation Institutions (NPIs) in the framework of the project, consultations with experts in the ESCO market area and other available information.

English

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Foreword

The United Nations General Assembly has declared 2014-2024 as the International Decade of Sustainable Energy for All, underscoring the importance of energy issues for sustainable development and for the elaboration of the post-2015 development agenda. One of the three objectives of the Sustainable Energy for All initiative of the UN Secretary-General is doubling the global rate of improvement in energy efficiency by 2030. Investing in energy efficiency creates jobs, fosters economic growth and improves energy security for countries that lack domestic fossil fuel resources. Improving energy efficiency is the famous low-hanging fruit that is easy to do and pays for itself. Of the three objectives of Sustainable Energy for All, improving energy efficiency has the clearest impact on saving money, improving business results, and delivering more services for consumers. However it is not happening to the desired extent because of the way markets are designed and structured, low-tariff policies, subsidies, lack of information, and lack of investment capital by end-users.

English

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