Publication:
Scaling Up Renewables in Europe and Central Asia: Barriers and Opportunities

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dc.contributor.authorEnergy Sector Management Assistance Program (ESMAP)
dc.date.accessioned2024-12-23T16:24:03Z
dc.date.available2024-12-23T16:24:03Z
dc.date.issued2024-12-23
dc.description.abstractAlthough not on track to meet climate targets, renewables for electricity production are rising globally, having reached nearly 30 percent of total electricity generation in 2022. Renewable energy - based electricity - including solar, wind, hydro, geothermal, and biomass - are mature, least-cost technologies in the decarbonization pathways, providing no-regret solutions to policy makers in the short to medium terms. Non-hydro renewables make up a mix of energy sources that rose more than seven-fold in a decade, increasing the percentage of generation over the last ten years. The findings of this report informed several World Bank operations in Europe and Central Asia (ECA) including the ECA renewable energy scale-up (World Bank ECARES) multiphase programmatic approach (MPA) to enhance energy security and affordability. The program was launched in March 2024 with an initial World Bank lending envelope of US 2 billion dollars, that will aim to mobilize and enable up to US 6 billion dollars of private investment in clean energy. The report informed all of the three pillars of the program including enabling policies and institutional frameworks, investments to develop flexible electricity networks, and financing and risk mitigation instruments for clean energy investments in ECA.en
dc.identifierhttp://documents.worldbank.org/curated/en/099121824051524666/P1777441c85c910db197b21123910cbdfb9
dc.identifier.doi10.1596/42578
dc.identifier.urihttps://hdl.handle.net/10986/42578
dc.languageEnglish
dc.language.isoen_US
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.subjectRENEWABLE ENERGY
dc.subjectSOLAR AND WIND
dc.subjectREGIONAL POWER SYSTEMS
dc.subjectREGULATORY SOLUTIONS
dc.titleScaling Up Renewables in Europe and Central Asiaen
dc.title.subtitleBarriers and Opportunitiesen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2024-12-23
okr.date.lastmodified2024-12-18T00:00:00Zen
okr.doctypeESMAP Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099121824051524666/P1777441c85c910db197b21123910cbdfb9
okr.guid099121824051524666
okr.identifier.docmidP177744-c85c9123-1afc-46db-97b2-123910cbdfb9
okr.identifier.externaldocumentum34437795
okr.identifier.internaldocumentum34437795
okr.identifier.report195700
okr.import.id6134
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099121824051524666/pdf/P1777441c85c910db197b21123910cbdfb9.pdfen
okr.region.geographicalEurope and Central Asia
okr.sectorOther Energy and Extractives
okr.themeSocial Safety Nets,Mitigation,Job Creation,Energy,Gender,Human Development and Gender,Skills Development,Rural Development,Social Protection,Social Development and Protection,Energy Policies & Reform,Environment and Natural Resource Management,Private Sector Development,Labor Market Policy and Programs,Active Labor Market Programs,Climate change,Urban and Rural Development,Jobs,Geospatial Services,Energy Efficiency
okr.topicEnergy::Renewable Energy
okr.unitInfra ECA Energy (IECEE)
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