Countries in Eastern Europe and the Former Soviet Union are highly energy inter-dependent and facing similar challenges in terms of energy security. This is a global as well as national issue, which needs to be addressed in terms of energy efficiency, diversification of energy sources and types,...

Introduction -- The impending energy crunch -- The potential supply response -- The potential demand response : increasing energy efficiency -- The environmental conundrum -- Creating an enabling environment for investment

Before the current economic crisis hit the Europe and Central Asia (ECA) region in 2008, energy security was a major source of concern in Central and Eastern Europe and in many of the economies in the former Soviet Union. Energy importers were experiencing shortages leading to periodic brownouts...

It is very likely that an energy crunch could hit several countries in Eastern Europe and Central Asia (ECA) in the next five or six years. Before the financial crisis of 2008, several electricity importing countries in the region had begun to experience difficulties with supply; however, the...