The Greening of Macedonia's Public Buildings : Financing Options for the National Program for Energy Efficiency in Public Buildings in the Former Yugoslav Republic of Macedonia, 2012-18

The Greening of Macedonia's Public Buildings : Financing Options for the National Program for Energy Efficiency in Public Buildings in the Former Yugoslav Republic of Macedonia, 2012-18

The Government of Macedonia (GOM) plans to launch a National Program for Energy Efficiency in Public Buildings (NPEEPB, or "the program") to achieve energy efficiency (EE) improvements in the buildings sector and meet the strategic target...

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Bibliographic Details
Main Authors:	Limaye, Dilip, Meyer, Anke
Format:	Energy Study
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING ACCOUNTING SYSTEMS ADMINISTRATIVE BARRIERS APPROACH AUDITING AUDITS AUTONOMY AVAILABILITY BALANCE BANK ACCOUNT BANK ACCOUNTS BANK FINANCING BANKING SECTOR BIASES BLOCK GRANTS BOILER BOILERS BORROWER BORROWING BUDGETING BUILDING ENERGY USE CAPACITY BUILDING CAPITALIZATION CARBON CARBON DIOXIDE CARBON FINANCE CLEAN DEVELOPMENT MECHANISM CLIMATE CHANGE COLLATERAL COLLATERAL REQUIREMENTS COLLATERALS COLLECTION SERVICES COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL CREDIT COMMERCIAL DEBT COMMERCIAL LOANS COMPETITIVE BIDDING COST OF ENERGY CREDIT GUARANTEE CREDIT LINE CREDIT LINES CREDIT PROBLEMS CREDIT RISK CREDIT RISKS CREDITS CREDITWORTHINESS DEBT DEBT FINANCING DEBT SERVICE DECENTRALIZATION DECENTRALIZATION PROCESS DEPOSIT DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DISTRICT HEATING DISTRICT HEATING SYSTEM DONOR FUNDS EFFICIENCY IMPROVEMENT EIB ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY SAVINGS ELIGIBILITY CRITERIA ELIGIBLE BORROWERS EMISSION EMISSIONS EMPLOYMENT ENERGY BILLS ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY COST SAVINGS ENERGY COSTS ENERGY DEMAND ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY EFFICIENCY IMPROVEMENTS ENERGY MANAGEMENT ENERGY PRICES ENERGY PRICING ENERGY SAVINGS ENERGY SUPPLY ENERGY USE ENVIRONMENTAL EQUIPMENT EVALUATION CRITERIA EXTERNAL FINANCING FACILITATION FINANCIAL CRISIS FINANCIAL DATA FINANCIAL EXPERTISE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MEANS FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SUPPORT FINANCING COSTS FINANCING NEEDS FINANCING SOURCES FISCAL DECENTRALIZATION FLEXIBLE FINANCING FLOW OF FUNDS FUEL FUELS FUND MANAGEMENT FUND MANAGER FUNDING SOURCES FUNDS FLOW GOVERNMENT BUDGET GOVERNMENT GRANTS GREENHOUSE GAS HEAT HEATING ENERGY HEATING SYSTEMS HIGH INTEREST RATES HOT WATER HOT WATER SUPPLY HOUSING IMPLEMENTATION STRATEGIES INCENTIVES TO SAVE INCOME TAX INFRASTRUCTURE DEVELOPMENT INITIAL FUNDING INSTITUTIONAL CAPACITIES INSTITUTIONAL CAPACITY INSTRUMENT INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT BANK INVESTMENT CAPITAL INVESTMENT FUNDS INVESTMENT GRANTS INVESTMENT PLAN KILOWATT-HOUR KILOWATT-HOURS LACK OF AWARENESS LACK OF INFORMATION LACK OF KNOWLEDGE LAWS LEGAL FRAMEWORK LEGISLATION LENDER LENDERS LIEN LIMITED ACCESS LIMITED BORROWING CAPACITY LOAN LOAN APPRAISALS LOAN FINANCING LOAN GUARANTEES LOAN PRODUCT LOCAL BANK LOCAL FINANCIAL INSTITUTIONS LOCAL GOVERNMENTS MARKET DEVELOPMENT MARKET INTEREST RATES MARKET POWER MATURITIES MUNICIPAL BONDS MUNICIPAL CREDIT MUNICIPALITIES OIL OIL EQUIVALENT OPERATING COSTS OPERATIONAL COSTS OUTREACH PARTIAL CREDIT PAYBACK PERIOD PAYMENT DEFAULTS PEER REVIEW PIPELINE PORTFOLIO PORTFOLIO MANAGEMENT POTENTIAL INVESTMENT POWER PRESENT VALUE PRIMARY ENERGY PRIMARY ENERGY CONSUMPTION PRIVATE BANKS PRIVATE SECTOR BANKS PROMOTION OF INVESTMENTS PROPERTY TAX PUBLIC AGENCIES PUBLIC BUDGETS PUBLIC CREDIT PUBLIC FACILITIES PUBLIC FUNDS PUBLIC SCHOOLS PUBLIC SERVICES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RENEWABLE ENERGY RENEWABLE ENERGY PROJECTS RENEWABLE RESOURCES REPAYMENT REPAYMENT GUARANTEE REPAYMENTS RETIREMENT REVOLVING FUND RISK MANAGEMENT SOCIAL SERVICES STREAMS SUBORDINATED DEBT SUPERVISORY BOARD SUSTAINABLE DEVELOPMENT SUSTAINABLE ENERGY TAX PAYMENTS TECHNICAL ASSISTANCE THERMAL ENERGY TRANSACTION TRANSACTION COSTS TRANSMISSION SYSTEM TRANSPORT TREATY UNEMPLOYMENT UNION UTILITY BILLS UTILIZATION OF ENERGY
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19243633/greening-macedonias-public-buildings-financing-options-national-program-energy-efficiency-public-buildings-npeepb-former-yugoslav-republic-macedonia-2012-18 http://hdl.handle.net/10986/17823

Description
Summary:	The Government of Macedonia (GOM) plans to launch a National Program for Energy Efficiency in Public Buildings (NPEEPB, or "the program") to achieve energy efficiency (EE) improvements in the buildings sector and meet the strategic targets outlined in the energy development strategy of the Republic of Macedonia until 2030, the EE strategy until 2020, and the national EE action plan in 2010-18. The NPEEPB, coordinated by the Ministry of Economy (MOE), aims to retrofit existing public buildings and to lead by example in the implementation of EE measures. Its targets are public buildings that are used for administrative and other activities of public interest and that are fully owned by government institutions or municipalities. This report focuses on the financing mechanisms that are considered the best fit with the institutional environment to achieve the goals of the NPEEPB, and describes in detail the implementation of the proposed financing mechanisms: a full-service EE fund, a dedicated EE credit line, and a municipal EE improvement program implemented within the government. The national EE target is a 9 percent savings in final energy consumption by 2018, compared to average energy consumption in 2002-06. The NPEEPB target for energy savings in public buildings is 13.6 thousand tons of oil equivalents (ktoe) 2 per year, which is about 56 percent of the national EE target for the commercial and service sector.

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