united nations economic commission for europe
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United Nations Economic Commission for Europe. Energy Efficiency in the Mediterranean. The World needs Energy Efficiency. Global primary energy demand projected to increase by 50% between now and 2030 CO2 emissions projected to reach 40 Gt in 2030, a 55% increase over today - PowerPoint PPT PresentationTRANSCRIPT
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United Nations Economic Commission for Europe
Energy Efficiency in the Mediterranean
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The World needs Energy Efficiency
Global primary energy demand projected to increase by 50% between now and 2030
CO2 emissions projected to reach 40 Gt in 2030, a 55% increase over today
Buildings consume 35% of the world's energy and account for 40% of the world’s GHG emissions
Action around energy efficiency enhances energy security in Europe
Large scale action on energy efficiency would create market demand for products and services, and hundreds of thousands of new European jobs by 2030: development of the Green Economy
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Primary energy demand in the Mediterranean
Primary energy demand : baseline scenario up to 2025 (Source: OME).
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Energy Efficiency is needed in the Mediterranean
The seven main energy consumer in the Mediterranean (Source: OME)
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The UNECE experience: The FEEI Project and the planned Investment Fund
o UNECE Financing Energy Efficiency and Renewable Energy Investments for Climate Change Mitigation (FEEI) has taken action along the three parallel tracks of capacity building and knowledge dissemination, policy reforms and investment project finance
o At Global level, through the other UN Regional Commissions, a contribution is given by Global Energy Efficiency 21 - GEE21
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UNECE work for Energy Efficiency at the global level
o GEE21 was launched at COP-14 (Poznan) in 2008o The multi-agency and system-wide approach of GEE21
makes the project a natural partner of UN-Energy o The successful development of GEE21 will also significantly
contribute to one of the two Key Goals proposed by the Secretary General’s Advisory Group on Energy and Climate Change (AGECC), which is calling for a reduction in global energy intensity by 40% over the next 20 years
o A Global Strategy for Energy Efficiency Market Formation favours the emergence of self-sustained markets driven by demand and supply
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Barriers to self-sustained EE markets
o GEE21 aims at the formulation of a holistic approach to overcome barriers to energy efficiency market formation in
(i) Supply of energy efficiency services (ii) Demand for energy efficiency services
(iii) Enabling environment
o The Mediterranean also needs Energy Efficiency, and to overcome barriers to its development
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(i) Supply of energy efficiency services
Nature of the barrier Measures to overcome it
Unavailability of capital to kick off programme or set up ESCOs
Dedicated equity or quasi-equity funds, partial loan guarantees, new funding institutions or funding windows
Lack of adequate technology
Technical assistance, technology transfer
Lack of engineering & project management skills
Technical assistance, training
Lack of banking skills Technical assistance, training, partial loan guarantees, bypass of local banks
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(ii) Demand for energy efficiency services
Nature of the barrier Measures to overcome it
Lack of awareness of EE benefits
Campaigning, enhanced communication (especially on-line), free energy audits
Unavailability of capital to pay for EE improvements
State or DFI-funded credit lines to local banks, micro-finance, partial loan-guarantees
Lack of measurability of EE gains
Introduction of standards, (free) energy audits
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(iii) Enabling environment
Nature of the barrier Measures to overcome it
Absence of pricing policies reflecting true costs of energy and rewarding energy savings
Tariff reform. If not possible, investment subsidies or concessional funding
High transaction costs for project preparation and management
Technical assistance, creation of specialized ESCOs, investment subsidies
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Thank You !
Gianluca Sambucini
Sustainable Energy DivisionUnited Nations Economic Commission for Europe
Palais des Nations
1211 Geneva 10 - Switzerland
E-mail: [email protected]
www.unece.org/energy