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Policy dialogue between the Bank and the governments of its countries of operations is an essential element in the implementation of the SEI. By shaping the legal and regulatory environment to be more conducive to investments in sustainable energy policy dialogue can deliver a transformational impact that is bigger than the sum of the impact from individual projects.
The Bank uses policy dialogue to support ‘top-down’ policy-making, i.e. implementing policies which will create an environment in which the Bank and other investors can generate sustainable energy projects, as well as ‘bottom-up’ evidence-based policy-making, where experience from projects is fed back to governments and the investor community to help remove real barriers to the further growth of a sector. It also enables the Bank to address market or regulatory barriers at any level of government (national, regional and local levels) or sector of the economy.
Key countries in which the EBRD has or is carrying out policy dialogue around energy efficiency are Russia (energy efficiency in the built environment and industry), Ukraine (energy efficiency in the built environment and renewable energy policy), Kazakhstan (renewable energy policy and urban waste management), and Turkey (urban waste management, ESCOs).
EBRD’s policy dialogue has achieved real outcomes making a difference to both investors and people in the countries we operate in. Ukraine used the Bank’s support in developing renewable energy legislation that is now leading to projects being financed, Kyrgyzstan with the Bank’s support adopted building regulations that are based on EU standards, and several countries in the Western Balkans adopted renewable energy regulatory measures supporting investment in renewable energy projects.
Last updated 29 May 2013