Lights Out? The Outlook for Energy in Eastern Europe and Central Asia
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 expe...
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| Format: | Brief |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/05/12817790/lights-out-outlook-energy-eastern-europe-central-asia http://hdl.handle.net/10986/10190 |
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okr-10986-101902021-04-23T14:02:49Z Lights Out? The Outlook for Energy in Eastern Europe and Central Asia World Bank 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 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. 2012-08-13T10:41:01Z 2012-08-13T10:41:01Z 2010-05 http://documents.worldbank.org/curated/en/2010/05/12817790/lights-out-outlook-energy-eastern-europe-central-asia http://hdl.handle.net/10986/10190 English Europe and Central Asia Knowledge Brief; Volume No. 23 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 |
| spellingShingle |
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 World Bank Lights Out? The Outlook for Energy in Eastern Europe and Central Asia |
| geographic_facet |
Europe and Central Asia |
| relation |
Europe and Central Asia Knowledge Brief; Volume No. 23 |
| description |
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. |
| format |
Publications & Research :: Brief |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Lights Out? The Outlook for Energy in Eastern Europe and Central Asia |
| title_short |
Lights Out? The Outlook for Energy in Eastern Europe and Central Asia |
| title_full |
Lights Out? The Outlook for Energy in Eastern Europe and Central Asia |
| title_fullStr |
Lights Out? The Outlook for Energy in Eastern Europe and Central Asia |
| title_full_unstemmed |
Lights Out? The Outlook for Energy in Eastern Europe and Central Asia |
| title_sort |
lights out? the outlook for energy in eastern europe and central asia |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2010/05/12817790/lights-out-outlook-energy-eastern-europe-central-asia http://hdl.handle.net/10986/10190 |
| _version_ |
1764412183024762880 |