Introduction

The EBRD is making energy efficiency the cornerstone of its 2006 Energy Operations Policy. The goal of the policy is to help the region achieve secure, affordable and efficient energy supplies, as they are fundamental to the emergence of open market-based economies and sustainable development. The Bank's countries of operations are not insulated from global energy developments and in fact could play a pivotal role in shaping the energy markets of the future. In particular, the region faces the following medium-term challenges: Energy ...