Economic development in most southern countries depends to a large extent on the heavy use of fossil-based energy, which is highly competitive on account of its low cost and easy implementation and on the use of technologies that are not optimised in terms of energy efficiency. In the future, these countries will thus have to rely widely on the use of renewable energy sources and to increase the energy efficiency of their development.
Regarding the financial constraint, the participation of the private sector will be essential. The objectives of the study consisted of identifying the needs and necessary conditions for developing renewable energies and energy efficiency in developing countries in the Mediterranean region on the one hand and defining financial mechanism(s) likely to meet the identified requirements while taking account of the institutional, regulatory, technical and financial frameworks of the countries involved (Algeria, Egypt, Jordan, Lebanon, Morocco, Syria, Tunisia, Turkey) on the other hand.
As the lead firm of the consortium formed with Ernst & Young, BCEOM (former name of Egis) was responsible for the study as a whole, with the following expected results:
1. Analytical assessment of the major actions undertaken to promote renewable energies and energy efficiency at multilateral and bilateral level since 1992:
2. Identifying the potential renewable energy and energy efficiency activities and programmes in the countries involved:
3. Funding requirements: