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Country Energy Sector Vulnerability Assessments Program : Helping Countries Prepare an Effective Energy Sector Response

Washington, DC

🛡CC BY 3.0 IGOPermitted use with attribution

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Abstract

Emerging energy transitions, recently triggered by the global financial crisis, highly volatile energy prices, and climate change, have created a turbulent environment for the energy sector, testing governments and nongovernment actors around the world. Energy industries in developing countries are particularly exposed to these new sources of vulnerability. Governments are constrained in cushioning the adverse impacts due to limited institutional capacities and fiscal resources. The Country Energy Sector Vulnerability Assessments Program (CESVAP) is comprised of three components: power sector vulnerability assessments, help countries assess the impact of the global financial crisis on priority investments in the power sector. Oil price volatility assessments, help countries assess the effects of oil price increases and heightened price volatility, including their ability to absorb price shocks. Climate vulnerability assessments, help countries assess their energy sector vulnerability in the face of climate change, including changing average temperatures and precipitation, increasing variability, and extremes. ESMAP s energy assessments focus on the key components of successful energy policy and practices. ESMAP s goal is to help countries build institutional capacity and know how to develop and implement policy reform measures and robust strategies to meet short-, medium-, and long-term challenges to their national energy systems. ESMAP will use the insights gathered from the vulnerability assessments to help mobilize support for client countries in increasing their resistance to external crises.

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