Options for financing energy efficiency in public buildings in Turkey

Singh,Jas; Limaye,Dilip R.; Melitauri,Joseph; Begolli,Rhedon; Örücü,Yasemin; Lukas,Aditya Alexander; Zahirovic,Selma; Velija,Dardan

Options for financing energy efficiency in public buildings in Turkey (English)

Abstract

Energy efficiency (EE) is critical for Turkey to sustain its economic growth while meeting its global commitments for climate change mitigation and environmental sustainability in line with Turkey’s accession to the European Union (EU). In 2014, Turkey... See More + Energy efficiency (EE) is critical for Turkey to sustain its economic growth while meeting its global commitments for climate change mitigation and environmental sustainability in line with Turkey’s accession to the European Union (EU). In 2014, Turkey imported 75 percent of its energy , which accounted for US 55 billion dollars or about 7 percent of its GDP. At current trends, continued growth in electricity demand will deplete the power reserve margins within the next five years. The outline of the report are mentioned below : Section two provides a summary of the country context, including the legislative and regulatory framework, energy consumption characteristics of public buildings, and potential for energy savings and investments needed. Section three summarizes the barriers to financing EE in the public sector in Turkey, including legal and regulatory barriers, lack of access to commercial financing, institutional barriers, and limited implementation capacity. Section four provides information on international experience with financing public sector EE projects. It includes a review of a number of financing mechanisms: budget financing, EERFs, dedicated EE credit lines, risk sharing programs, public or super ESCOs, and commercial financing with ESCOs and performance contracting. It also presents a comparative assessment of the key characteristics of these financing options. Section five identifies the three options considered appropriate for implementation in Turkey – budget financing, Turkey EE revolving fund (TEERF), and Turkey super ESCO (TESCO) – and provides detailed information on each. It also presents information on the potential role of international financial institutions in providing complementary financial and TA. Section six summarizes the advantages and limitations of the three financing options and provides guidance on moving forward with the recommended option: the TEERF. A road map for implementing the TEERF is included. See Less -

Document also available in : Turkish

Author Singh, Jas; Limaye, Dilip R.; Melitauri, Joseph; Begolli, Rhedon; Örücü, Yasemin; Lukas, Aditya Alexander; Zahirovic, Selma; Velija, Dardan;
Document Date 2016/09/01 08:46:04
Document Type ESMAP Paper;
Report Number 108856
Volume No 1
Total Volume(s) 1
Country Europe and Central Asia;
Region Europe and Central Asia;
Disclosure Date 2016/10/07 09:37:47
Disclosure Status Disclosed
Doc Name Options for financing energy efficiency in public buildings in Turkey
Keywords
energy use per unit of gdp;public building;commercial financing;central government agency;energy use per capita;growth in electricity demand;improving energy efficiency ... See More +
Language English
Major Sector Energy and Extractives;
Rel. Proj ID 7E-Energy Efficiency Financing Option Papers For Georgia, Kosovo, -- P157135;
Sector Energy efficiency in Heat and Power;
TF No/Name TF0A1303-Energy Efficiency Financing Option Papers for Kosovo, Turkey and Georgi
Topics Natural Resources; Energy and Extractives; Energy Efficiency; Environment and Natural Resources; Public Administration;
Historic SubTopics Public Sector Administrative & Civil Service Reform; Energy Consumption; Energy Conservation & Efficiency; Coastal and Marine Resources; Environment and Energy Efficiency; Energy Demand; Energy and Environment; Energy and Natural Resources; Energy and Mining; Global Environment; Democratic Government; Public Sector Administrative and Civil Service Reform; De Facto Governments;
Unit Owning Infra ECA Energy 1 (IECE1)
Series Name Energy Sector Management Assistance Program
Version Type Final
Product Line Technical Assistance (Non-lending)

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Options for financing energy efficiency in public buildings in Turkey (English)

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Complete Report in English

Citation

Documents & Reports

Options for financing energy efficiency in public buildings in Turkey (English)

Details

Downloads

Complete Report in English

Citation

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