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Lights out The outlook for energy in Eastern Europe and Central Asia (Russian)

It is very likely that an energy crunch could hit several countries in Eastern Europe and Central Asia (ECA) in the next five or six years. Before the financial crisis of 2008, several electricity importing countries in the region had begun to experience difficulties with supply; however, the crisis has reduced demand and created some breathing room. It has also created a window of opportunity to take action to mitigate the impact of the anticipated energy crunch. But countries need to act now. Mitigating actions are required on both the supply side and the demand side and will require significant investments (about $3.3 trillion in 2008 dollars over the next 20 years, or about 3 of cumulative gross domestic product) if the region wants to meet all its anticipated energy needs. This level of investment cannot be provided by the public sector alone and measures will be required to create a climate that appeals to private sector investors. In conclusion, the region faces a potential energy crunch. The financial crisis has provided some breathing room to address the potential energy constraints, but countries need to act quickly to take advantage of this window of opportunity by promoting an attractive climate for investment. At the same time they need to ensure that the energy strategies they pursue are perceived as being responsive to environmental concerns.

Details

  • Document Date

    2010/05/01

  • Document Type

    Brief

  • Report Number

    56700

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Europe and Central Asia,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2010/09/30

  • Disclosure Status

    Disclosed

  • Doc Name

    Lights out? The outlook for energy in Eastern Europe and Central Asia

  • Keywords

    boiler, carbon, carbon dioxide, carbon emissions, carbon financing, carbon taxes, climate, Climate Change, Coal, consumption of energy, Crude Oil, cycle power plants, district heating, district heating system, domestic coal, economic activity, economic growth, electricity, Electricity Consumption, electricity supply, Electricity Tariffs, emission, emission levels, emission rates, energy efficiency, energy efficiency programs, energy efficiency standards, energy infrastructure, energy intensity, energy needs, energy prices, energy security, energy strategies, energy supply, financial crisis, fossil, fossil fuels, Fuel Consumption, gas, gas prices, gas production, gas sector, gas supplies, gas supply, generation, generation capacity, greenhouse, greenhouse gas, greenhouse gas emissions, Imports, investments in energy, investments in energy efficiency, marginal cost, oil, oil supply, power, Power Generation, Power Generation Capacity, power plants, power sector, Primary energy, Primary energy production, primary fuel, Residential Consumers, supply side, tariff levels, thermal plants, vehicles

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Citation

Lights out The outlook for energy in Eastern Europe and Central Asia (Russian). Europe and Central Asia knowledge brief ; volume no. 23 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/959341468029957778/Lights-out-The-outlook-for-energy-in-Eastern-Europe-and-Central-Asia