Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis

Improvement of energy efficiency is one of the main options to reduce energy demand and to reduce greenhouse gas emissions in Ukraine. However, large-scale deployment of energy efficient technologies has been constrained by several financial, techn...

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Main Authors:	Hochman, Gal, Timilsina, Govinda R.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE LEVEL AVAILABILITY BARRIERS TO ADOPTION BARRIERS TO ENERGY EFFICIENCY BARRIERS TO ENERGY EFFICIENCY MEASURES CAPITAL COSTS CARBON CARBON ECONOMY CARBON TECHNOLOGIES CLEAN ENERGY CLEANER PRODUCTION CLIMATE CLIMATE CHANGE CLIMATE CHANGE ECONOMICS CLIMATE CHANGE MITIGATION CLIMATE POLICY DIFFUSION DISCOUNT RATES DOMESTIC SUPPLY ECOLOGICAL ECONOMICS ECONOMIC SECTORS EFFICIENCY IMPROVEMENT EMISSIONS EMPLOYMENT END-USES ENERGY AUDITS ENERGY BILLS ENERGY CONSERVATION ENERGY CONSERVATION POLICY ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY ECONOMICS ENERGY EFFICIENCY ENERGY EFFICIENCY ECONOMICS ENERGY EFFICIENCY GAP ENERGY EFFICIENCY IMPROVEMENTS ENERGY EFFICIENCY INVESTMENTS ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY PROGRAMS ENERGY EFFICIENT TECHNOLOGIES ENERGY EXPENDITURES ENERGY INTENSIVE ENERGY INTENSIVE MANUFACTURING ENERGY POLICY ENERGY PRICE ENERGY PRICES ENERGY RESOURCES ENERGY SAVINGS ENERGY SERVICE ENERGY SUBSIDIES ENERGY SYSTEM ENERGY TECHNOLOGIES ENERGY TECHNOLOGY FINANCIAL BARRIERS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL SUPPORT GHG GLOBAL GREENHOUSE GLOBAL GREENHOUSE GAS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS ABATEMENT GREENHOUSE GAS ABATEMENT COST GREENHOUSE GAS EMISSIONS HEAT HEAT METERING HIGHER ENERGY PRICES IMPERFECT INFORMATION IMPORTS INCOME INTERNATIONAL ENERGY AGENCY INVESTMENT DECISIONS INVESTMENT IN ENERGY EFFICIENCY INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY LIKELIHOOD FUNCTION LOW-CARBON MARGINAL ABATEMENT MARGINAL ABATEMENT COST MONETARY VALUE NATURAL RESOURCES NEGATIVE IMPACT POWER PP PRICE VOLATILITY SUPPLY CURVES TAX CREDITS TEMPERATURE TRANSACTION COSTS VALUE OF ENERGY
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19662897/energy-efficiency-not-scaled-up-industrial-commercial-sectors-ukraine-empirical-analysis http://hdl.handle.net/10986/18759

id	okr-10986-18759
recordtype	oai_dc
spelling	okr-10986-187592021-04-23T14:03:49Z Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis Hochman, Gal Timilsina, Govinda R. AGGREGATE LEVEL AVAILABILITY BARRIERS TO ADOPTION BARRIERS TO ENERGY EFFICIENCY BARRIERS TO ENERGY EFFICIENCY MEASURES CAPITAL COSTS CARBON CARBON ECONOMY CARBON TECHNOLOGIES CLEAN ENERGY CLEANER PRODUCTION CLIMATE CLIMATE CHANGE CLIMATE CHANGE ECONOMICS CLIMATE CHANGE MITIGATION CLIMATE POLICY DIFFUSION DISCOUNT RATES DOMESTIC SUPPLY ECOLOGICAL ECONOMICS ECONOMIC SECTORS EFFICIENCY IMPROVEMENT EMISSIONS EMPLOYMENT END-USES ENERGY AUDITS ENERGY BILLS ENERGY CONSERVATION ENERGY CONSERVATION POLICY ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY ECONOMICS ENERGY EFFICIENCY ENERGY EFFICIENCY ECONOMICS ENERGY EFFICIENCY GAP ENERGY EFFICIENCY IMPROVEMENTS ENERGY EFFICIENCY INVESTMENTS ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY PROGRAMS ENERGY EFFICIENT TECHNOLOGIES ENERGY EXPENDITURES ENERGY INTENSIVE ENERGY INTENSIVE MANUFACTURING ENERGY POLICY ENERGY PRICE ENERGY PRICES ENERGY RESOURCES ENERGY SAVINGS ENERGY SERVICE ENERGY SUBSIDIES ENERGY SYSTEM ENERGY TECHNOLOGIES ENERGY TECHNOLOGY FINANCIAL BARRIERS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL SUPPORT GHG GLOBAL GREENHOUSE GLOBAL GREENHOUSE GAS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS ABATEMENT GREENHOUSE GAS ABATEMENT COST GREENHOUSE GAS EMISSIONS HEAT HEAT METERING HIGHER ENERGY PRICES IMPERFECT INFORMATION IMPORTS INCOME INTERNATIONAL ENERGY AGENCY INVESTMENT DECISIONS INVESTMENT IN ENERGY EFFICIENCY INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY LIKELIHOOD FUNCTION LOW-CARBON MARGINAL ABATEMENT MARGINAL ABATEMENT COST MONETARY VALUE NATURAL RESOURCES NEGATIVE IMPACT POWER PP PRICE VOLATILITY SUPPLY CURVES TAX CREDITS TEMPERATURE TRANSACTION COSTS VALUE OF ENERGY Improvement of energy efficiency is one of the main options to reduce energy demand and to reduce greenhouse gas emissions in Ukraine. However, large-scale deployment of energy efficient technologies has been constrained by several financial, technical, information, behavioral, and institutional barriers. This study assesses these barriers through a survey of 500 industrial and commercial firms throughout Ukraine. The results from the survey were used in a cumulative multi-logit model to understand the importance of the barriers. The analysis shows that financial barriers caused by high upfront costs of energy efficient technologies, higher costs of finance, and higher opportunity costs of energy efficiency investment are key barriers to the adoption of energy efficiency measures in Ukraine. Institutional barriers particularly lack government policies, which also contributes to the slow adoption of energy efficient technologies in the country. The results suggest targeted policy and credit enhancements could help trigger adoption of energy efficient measures. The empirical analysis shows strong inter-linkages among the barriers and finds heterogeneity between industrial and commercial sectors on the realization of the barriers. 2014-06-25T20:35:51Z 2014-06-25T20:35:51Z 2014-06 http://documents.worldbank.org/curated/en/2014/06/19662897/energy-efficiency-not-scaled-up-industrial-commercial-sectors-ukraine-empirical-analysis http://hdl.handle.net/10986/18759 English en_US Policy Research Working Paper;No. 6920 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Ukraine
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGGREGATE LEVEL AVAILABILITY BARRIERS TO ADOPTION BARRIERS TO ENERGY EFFICIENCY BARRIERS TO ENERGY EFFICIENCY MEASURES CAPITAL COSTS CARBON CARBON ECONOMY CARBON TECHNOLOGIES CLEAN ENERGY CLEANER PRODUCTION CLIMATE CLIMATE CHANGE CLIMATE CHANGE ECONOMICS CLIMATE CHANGE MITIGATION CLIMATE POLICY DIFFUSION DISCOUNT RATES DOMESTIC SUPPLY ECOLOGICAL ECONOMICS ECONOMIC SECTORS EFFICIENCY IMPROVEMENT EMISSIONS EMPLOYMENT END-USES ENERGY AUDITS ENERGY BILLS ENERGY CONSERVATION ENERGY CONSERVATION POLICY ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY ECONOMICS ENERGY EFFICIENCY ENERGY EFFICIENCY ECONOMICS ENERGY EFFICIENCY GAP ENERGY EFFICIENCY IMPROVEMENTS ENERGY EFFICIENCY INVESTMENTS ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY PROGRAMS ENERGY EFFICIENT TECHNOLOGIES ENERGY EXPENDITURES ENERGY INTENSIVE ENERGY INTENSIVE MANUFACTURING ENERGY POLICY ENERGY PRICE ENERGY PRICES ENERGY RESOURCES ENERGY SAVINGS ENERGY SERVICE ENERGY SUBSIDIES ENERGY SYSTEM ENERGY TECHNOLOGIES ENERGY TECHNOLOGY FINANCIAL BARRIERS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL SUPPORT GHG GLOBAL GREENHOUSE GLOBAL GREENHOUSE GAS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS ABATEMENT GREENHOUSE GAS ABATEMENT COST GREENHOUSE GAS EMISSIONS HEAT HEAT METERING HIGHER ENERGY PRICES IMPERFECT INFORMATION IMPORTS INCOME INTERNATIONAL ENERGY AGENCY INVESTMENT DECISIONS INVESTMENT IN ENERGY EFFICIENCY INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY LIKELIHOOD FUNCTION LOW-CARBON MARGINAL ABATEMENT MARGINAL ABATEMENT COST MONETARY VALUE NATURAL RESOURCES NEGATIVE IMPACT POWER PP PRICE VOLATILITY SUPPLY CURVES TAX CREDITS TEMPERATURE TRANSACTION COSTS VALUE OF ENERGY
spellingShingle	AGGREGATE LEVEL AVAILABILITY BARRIERS TO ADOPTION BARRIERS TO ENERGY EFFICIENCY BARRIERS TO ENERGY EFFICIENCY MEASURES CAPITAL COSTS CARBON CARBON ECONOMY CARBON TECHNOLOGIES CLEAN ENERGY CLEANER PRODUCTION CLIMATE CLIMATE CHANGE CLIMATE CHANGE ECONOMICS CLIMATE CHANGE MITIGATION CLIMATE POLICY DIFFUSION DISCOUNT RATES DOMESTIC SUPPLY ECOLOGICAL ECONOMICS ECONOMIC SECTORS EFFICIENCY IMPROVEMENT EMISSIONS EMPLOYMENT END-USES ENERGY AUDITS ENERGY BILLS ENERGY CONSERVATION ENERGY CONSERVATION POLICY ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY ECONOMICS ENERGY EFFICIENCY ENERGY EFFICIENCY ECONOMICS ENERGY EFFICIENCY GAP ENERGY EFFICIENCY IMPROVEMENTS ENERGY EFFICIENCY INVESTMENTS ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY PROGRAMS ENERGY EFFICIENT TECHNOLOGIES ENERGY EXPENDITURES ENERGY INTENSIVE ENERGY INTENSIVE MANUFACTURING ENERGY POLICY ENERGY PRICE ENERGY PRICES ENERGY RESOURCES ENERGY SAVINGS ENERGY SERVICE ENERGY SUBSIDIES ENERGY SYSTEM ENERGY TECHNOLOGIES ENERGY TECHNOLOGY FINANCIAL BARRIERS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL SUPPORT GHG GLOBAL GREENHOUSE GLOBAL GREENHOUSE GAS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS ABATEMENT GREENHOUSE GAS ABATEMENT COST GREENHOUSE GAS EMISSIONS HEAT HEAT METERING HIGHER ENERGY PRICES IMPERFECT INFORMATION IMPORTS INCOME INTERNATIONAL ENERGY AGENCY INVESTMENT DECISIONS INVESTMENT IN ENERGY EFFICIENCY INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY LIKELIHOOD FUNCTION LOW-CARBON MARGINAL ABATEMENT MARGINAL ABATEMENT COST MONETARY VALUE NATURAL RESOURCES NEGATIVE IMPACT POWER PP PRICE VOLATILITY SUPPLY CURVES TAX CREDITS TEMPERATURE TRANSACTION COSTS VALUE OF ENERGY Hochman, Gal Timilsina, Govinda R. Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis
geographic_facet	Europe and Central Asia Ukraine
relation	Policy Research Working Paper;No. 6920
description	Improvement of energy efficiency is one of the main options to reduce energy demand and to reduce greenhouse gas emissions in Ukraine. However, large-scale deployment of energy efficient technologies has been constrained by several financial, technical, information, behavioral, and institutional barriers. This study assesses these barriers through a survey of 500 industrial and commercial firms throughout Ukraine. The results from the survey were used in a cumulative multi-logit model to understand the importance of the barriers. The analysis shows that financial barriers caused by high upfront costs of energy efficient technologies, higher costs of finance, and higher opportunity costs of energy efficiency investment are key barriers to the adoption of energy efficiency measures in Ukraine. Institutional barriers particularly lack government policies, which also contributes to the slow adoption of energy efficient technologies in the country. The results suggest targeted policy and credit enhancements could help trigger adoption of energy efficient measures. The empirical analysis shows strong inter-linkages among the barriers and finds heterogeneity between industrial and commercial sectors on the realization of the barriers.
format	Publications & Research :: Policy Research Working Paper
author	Hochman, Gal Timilsina, Govinda R.
author_facet	Hochman, Gal Timilsina, Govinda R.
author_sort	Hochman, Gal
title	Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis
title_short	Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis
title_full	Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis
title_fullStr	Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis
title_full_unstemmed	Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis
title_sort	why has energy efficiency not scaled-up in the industrial and commercial sectors in ukraine? an empirical analysis
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/06/19662897/energy-efficiency-not-scaled-up-industrial-commercial-sectors-ukraine-empirical-analysis http://hdl.handle.net/10986/18759
_version_	1764442620214378496

Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine? An Empirical Analysis

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