Improving Energy Efficiency: A Key Task for the Ukrainian Economy

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Series Details No. 60 (655), May 2014
Publication Date May 2014
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The struggle to maintain territorial integrity and ensure financial stability have emerged as Ukraine’s short-term priorities. Nevertheless, upgrading energy efficiency in relation to the economy seems to be the top goal in the long-term modernisation process, as the power and heating industry generates 50% losses. Significant progress in the area of energy efficiency could contribute to the reduction of energy dependency on Russia, enhance the economy’s competitiveness, and improve Ukraine’s budget condition. The EU should support Ukraine extensively in improving energy demand-side management in relation to its economy as this influences Europe’s own energy security.

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