Publication:
Greening the Economy of Europe and Central Asia

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-02-08T14:49:08Z
dc.date.available2024-02-08T14:49:08Z
dc.date.issued2024-02-08
dc.description.abstractThe impacts of climate change are significantly affecting the Europe and Central Asia (ECA) region, with high carbon emissions due to its heavy reliance on fossil fuels and energy-intensive economies. To transition to clean energy, substantial private and public investment and diverse policies are necessary. Pricing reforms are necessary to incentivize the private sector to adopt decarbonization measures. Tax instruments are also needed. Regulatory policies, like mandating energy efficiency and improving appliance standards, will contribute to achieving emission reduction targets. Structural policies that strengthen macroeconomic fundamentals, deepen capital markets, and improve governance are crucial. Additionally, social policies to alleviate energy poverty are essential. Tailored policies based on each country's conditions are necessary to ensure sustainable and greener long-term growth in the ECA region. These policies should consider implementation costs and the tradeoffs between immediate environmental goals and long-term social benefits. en
dc.identifierhttp://documents.worldbank.org/curated/en/099020124091514845/P174377123fc0b0451a3c718a20850a9e91
dc.identifier.doi10.1596/41017
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/41017
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectCLIMATE CHANGE
dc.subjectENERGY SHOCK
dc.subjectCARBON EMISSIONS
dc.subjectNATURAL DISASTERS
dc.titleGreening the Economy of Europe and Central Asiaen
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/40389 Europe and Central Asia Economic Update, Fall 2023: Sluggish Growth, Rising Risks
okr.crossref.titleGreening the Economy of Europe and Central Asia
okr.date.disclosure2024-02-06
okr.date.lastmodified2024-02-06T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099020124091514845/P174377123fc0b0451a3c718a20850a9e91
okr.guid099020124091514845
okr.identifier.docmidP174377-23fc0b25-5a89-4045-a3c7-8a20850a9e91
okr.identifier.doihttp://dx.doi.org/10.1596/41017
okr.identifier.externaldocumentum34253278
okr.identifier.internaldocumentum34253278
okr.identifier.report187587
okr.import.id3099
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099020124091514845/pdf/P174377123fc0b0451a3c718a20850a9e91.pdfen
okr.region.geographicalEurope and Central Asia
okr.sectorCentral Government (Central Agencies)
okr.themeFinancial Infrastructure and Access,Economic Policy,Economic Growth and Planning,Financial inclusion,Finance,Macroeconomic & Structural Policy Modelling
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnergy::Energy Production and Transportation
okr.unitOffice of the Chief Economist (ECACE)
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Europe and Central Asia in Focus