News
Saving Energy Now, Using Less Later: Energy Efficiency in the Western Balkans
June 26 2014
Energy supply in Western Balkan countries is heavily dependent on imported fossil fuels, costing over $4.1 billion in 2012. With demand for energy in the six countries of the Western Balkans expected to increase by as much as 70 percent in the coming two decades, policymakers are now being faced with the daunting challenge of meeting this demand in an affordable and sustainable manner. The World Bank Group, with support from ESMAP, is working with the region’s governments to significantly scale-up energy efficiency programs. Recommendations include the development of a functioning energy-services market and the establishment of a funding mechanism to finance future efficiency projects.