EU neighbourhood

Since the early 1990s, the EU has actively sought the development of both the oil and gas sectors in former Soviet republics. Energy security, the cornerstone of the EU’s foreign policy became the driving force behind the European Neighbourhood Policy. Investments through the EU’s Neighbourhood Policy Instrument and public banks have supported the development of unsustainable energy systems in most Eastern Partnership (EaP) countries. Like in other countries, the EaP region received more for fossil fuels than renewable sources of energy.

The European Bank For Reconstruction and Development states that it is “supporting energy efficiency and the development of a sustainable energy sector” and “financing private enterprises, with a focus on SMEs” among its four priorities for Tunisia. In this briefing, the Tunisian Observatory of the Economy (OTE) argues in its assessment of EBRD activities during the period 2012-2014 that it is difficult to find EBRD investments in line with their stated strategy of focusing on SMEs and a sustainable energy sector.