Cost and Environmental Effectiveness of the Climate Change Mitigation Measures

A case study approach is applied in order to evaluate climate change mitigation measures in the energy sector in a SEE country with economy in transition. Starting point of the analyses were the findings and recommendations of the Working Group on Mitigation (WG3) of the Intergovernmental Panel on Climate Change (IPCC), Bangkok, May 2007. The applied evaluating model is GACMO, which compares each mitigation option with the baseline and determines its economic and environmental effectiveness. Almost half of the considered options are shown to be of winwin type, which can be partially explained by the high energy intensity of the national economy, although their environmental effectiveness is relatively low. On the other hand, options with the largest mitigation potential are shown to be most difficult for implementation, mainly due to the lack of financing and low prospects for attracting foreign investments, as well as legislative and administrative barriers.