The growing role of banks in the implementation of energy efficiency projects in the Republic of Serbia

Abstract

Energy efficiency market in the Republic of Serbia, though with great potential, is still in the early stages of its development. The subject of this paper is to analyze some aspects of the energy efficiency market in the Republic of Serbia, with the aim to highlight the opportunities and growing role of banks in the implementation of these projects. Having in mind the motives and factors of energy efficiency market development in our country, the paper starts with an analysis of the regulatory framework as the base of business opportunities that are provided to all potential and interested partners to carry out these types of projects. The study then focuses on the possible role and growing importance of banks in this promising field, as well as on the modalities of financial support which are common for the energy efficiency market both on the domestic market and the European Union market - as an illustration of the framework of financial instruments that has been developed to stimulate and further develop the factors of the energy efficiency market.

Keywords

• energy efficiency
• energy management
• banks
• financing
• Public-Private Partnerships
• investments