Serbia

Index rank 66

Energy Sustainability Index Rankings

 2010  2011  2012  Trend
Energy Performance  80  38  67 
Energy Security  91  35  67 
Social Equity  59  57  57 
Environmental Impact Mitigation  56  30  62 
       
Contextual Performance  73  71  72 
Political Strength  64  62  61 
Societal Strength  51  51  52 
Economic Strength  90  89  89 
       
Overall Rank  82  44  66 
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Fossil Fuel Resources

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Key Metrics

Industrial sector (% of GDP) 18.7
TPEP / TPEC  (net energy importer) 0.66
Emission intensity (kg CO2 per USD) 6.28
Energy affordability (USD per kWh) n.a.
GDP / capita (PPP, USD); GDP Group 10,258 (C)
Energy intensity (million BTU per USD) 0.08
CO2 emissions (metric tons) / capita) 7.08
Population Access to Electricity (%) 100.0
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Index Commentary

Serbia drops 22 places to rank 66 in the Index due to a weaker energy security and environmental performance. Energy security drops due to a decrease in the already low wholesale margin on gasoline. As the indicators of energy consumption growth and oil stock reserves are missing due to data constraints, a deterioration of one indicator has a very strong impact on the performance. It is therefore possible that the real effective decrease in energy security is smaller but cannot be evaluated due to data constraints. The substantial drop in environmental performance is driven by deteriorations across all indicators, particularly a decrease of the quality of air and water. Serbia’s performance in social equity and all contextual dimensions remains constant. Performance in economic strength most struggles with very high costs of living as proportion of household consumption expenditure, while credit availability and macroeconomic stability is stronger and improved since last year’s Index

Trends and Outlook

In the last few years considerable investments have been made in the energy sector (e.g., electrostatic precipitators, new slug and ash removal systems, etc.), transportation system, and waste management, etc. The recent energy policy developments include: 1) implementation of new energy policy, which further opens the energy market and meets the requirements of the South Eastern Europe Energy Treaty; 2) new standards for energy efficiency, including the building sector, are in force meeting EU regulation; and 3) implementation of a feed-in-tariff scheme two years ago. These developments are expected to have a positive impact especially on the energy security and environmental impact mitigation dimension. Key future issues policymakers should focus on are: 1) by the end of 2012, adopt the new energy sector development strategy until 2030 with a clear vision how the sector incl. the energy mix should develop until 2050; 2) meet the obligation from the South Eastern Europe Energy Treaty to fully open the energy market by 2015; 3) implement flue gas de-sulfurisation in all power plants by 2017; 4) meet EU biofuel targets for transportation sector; and 5) establish a fund under the new law on rational use of energy, which will support energy efficiency and renewable energy projects, complementing the existing fund under the environmental policy.