Energy Efficiency and Security Nexus

The project Energy Efficiency and Security Nexus (EESN) in the V4+Ukraine region strives to support decision-makers in Ukraine to define optimal policy for public support of energy investments. The project, which is supported by the International Visegrad Fund, is led by the Institute for Energy Efficiency of Ukraine and features regional integration and cooperation between the Czech Republic, Poland, Hungary, Slovakia, and Ukraine.

Through joint research and regional stakeholders’ consultations, leading to a high-profile final event in Kyiv, the EESN project aims at demonstrating that energy efficiency investments in the region, often perceived by states as “green investments”, are first and foremost investments in regional security.

The EESN consortium of think-tanks will develop, based on an assessment of the energy security status of each country, a methodology that aspires to assist policy makers assess the security contribution of energy efficiency projects. The objective is that, when reviewed by policy makers, projects that that deal with energy efficiency are on an equal footing with oil & gas projects and do not suffer from having only an „indirect” link , no matter how strong it is, to the reduction of energy dependency. Only when this objective is met, tapping into what the IEA calls “the first fuel in the world” will become a first choice option for countries’ facing energy security risks.

The EESN concept was born from the observations of past and current trends in the pattern of State support into energy investments in the region. With only 8% investment, energy efficiency investments received the lowest share of public support to the energy sector in the EU in the last decade. This tendency is particularly visible in countries that, according to ENTSO, would suffer the most from a disruption of gas supply from Russia (V4 countries + Bulgaria and Romania). A study by E3G revealed that only 5% of proposals of these countries under the European Investment Plan cover energy efficiency. A number that pales compared to support to oil & gas investments.