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Jablonski S.,European Investment Bank EIB | Tarhini M.,Tajdeed
Energy Strategy Reviews | Year: 2013

This article presents an assessment of selected energy efficiency (EE) and renewable energy (RE) investments planned by nine Mediterranean Partner Countries (MPCs) over 2011-2020. The investments looked at focus on: (1) urban energy efficiency and small-scale renewables ("demand-side"), and (2) large-scale renewable power generation ("supply-side"). The article also discusses the implications of deploying such projects in terms of potential energy saved or produced and economic impacts. The main findings of this article are: (1) the MPCs need to identify more EE and RE investments and accelerate the development process of the identified ones in order to fulfil their national targets; (2) the full deployment of EE and RE investments identified towards the achievement of the envisaged 2020 targets require significant investment costs and some subsidies; (3) significant (mostly) financial and organizational barriers still hinder the implementation of the examined EE and RE investments. Insights generated by this article can be useful regional messages for energy policy leaders in the MPCs to accelerate the development of the selected EE and RE investments. © 2013 Elsevier Ltd.

Jablonski S.,European Investment Bank EIB | Tarhini M.,European Investment Bank EIB | Touati M.,European Investment Bank EIB | Gonzalez Garcia D.,European Investment Bank EIB | Alario J.,European Investment Bank EIB
Energy Policy | Year: 2012

This paper presents a first assessment of the renewable energy projects, proposed by the nine Mediterranean Partner Countries (MPCs) under the Mediterranean Solar Plan (MSP) and the associated potential economic impacts. As one of the priority projects of the Union for the Mediterranean (UfM), the MSP's objective which attracted most attention until now is the intention to deploy an additional 20. GW of renewable electrical capacity in the Southern and Eastern Mediterranean region (covering the MPCs plus Turkey) by 2020. The main findings of this research are: (1) as of February 2010, a total of 10.3. GW of renewable project proposals were identified in the MPCs, corresponding to about half of the 20. GW target; (2) investment needs for the identified projects could amount to EUR 21 billion by 2020, which represents about five times the amount invested by the region in conventional electricity generation in the last decade; and (3) the difference between the cost of renewable electricity generation and the economic cost of its fossil fuel alternatives could amount to EUR 1.2 billion. Insights stemming from the results of this research can generate useful regional messages for energy policy leaders in the MPCs to accelerate the development of renewable energy projects. © 2012 Elsevier Ltd.

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