As a collectively large energy user, the public sector can set an example for efficiency improvements in other sectors. It can also stimulate EE markets, bring down costs for other energy users, lower emissions, and free up funds for investments for other development priorities.
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The vast energy efficiency potential in industry remains largely untapped, impairing global efforts to mitigate climate change. With the right steps, energy savings by 2035 could rise to 668 million metric tons of oil equivalent in OECD countries, and up to five times more in developing countries.
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Despite offering huge economic returns, implementing energy efficiency measures encounters widespread and systemic barriers. A variety of market failures are keeping project developers from accessing commercial financing for energy efficiency investments.
... See More + Energy efficiency credit lines are created when international donors loan funds to financial institutions, which then lend to project developers. Credit lines offer a solution where domestic banks are strong but not lending to energy efficiency projects. These lines of credit offer access to finance in the near term, while paving the way for commercial financing in the medium to long term, particularly in the industrial sector. The World Bank's portfolio reveals that under the right conditions, credit lines can achieve dramatic results.
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The primary objective of this project was to identify options for addressing barriers to financing, for scaling up EE implementation in public buildings in the Philippines.
... See More + Section two of this report provides a summary of the available data on public buildings, including the energy consumption characteristics of government buildings and facilities, estimates of the potential for energy savings, and investments needed. Section three discusses some of the barriers to financing EE that has been seen in other countries, and summarizes such barriers in the public sector in the Philippines, including legal and regulatory barriers; lack of access to commercial financing; institutional barriers; and limited implementation capacity. Section four provides information about international experience in the financing of public sector EE projects. It includes a review of six different financing mechanisms: budget financing; EE revolving funds; dedicated EE credit lines; risk-sharing programs; public or super ESCOs; and commercial financing using ESCOs and performance contracting. It also presents a comparative assessment of the key characteristics of each of these financing options. Section five identifies three options that are considered appropriate for implementation in the Philippines, budget financing, an EE revolving fund, and a public or super ESCO, and provides detailed information on each. It also presents information on the potential role of international financial institutions in providing complementary financial and technical assistance. Section six summarizes the advantages and limitations of the three proposed financing options; presents the World Bank’s recommendations; and provides guidance on moving forward with the development of a national program.
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The development objective of the SME Energy Efficiency Project for Turkey is to improve the efficiency of energy use in small and medium enterprises, by scaling-up commercial bank lending for energy efficiency investments.
... See More + The global environmental objective is to reduce Greenhouse Gas (GHG) emissions through the removal of barriers to energy efficiency financing in the small and medium enterprises (SMEs) sector. The restructuring will bring following changes: The Project’s closing date for both the IBRD loan and associated GEF Grant Agreements are proposed to be extended by one year for all three financial intermediary (FIs), from September 28, 2018 to September 30, 2019, to allow the Project to utilize the full loan amount and, thus, fully achieve the PDO indicator targets (projected lifetime energy savings, reduction in CO2 emissions); (ii) reallocation between disbursement categories of GEF grant; (iii) removal of cofinancing requirement; (iv) increase of limit for sub-loans to mid-cap companies; and (v) change in results framework.
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Energy efficiency is among the cheapest and cleanest energy resources available. The World Bank, together with its development partners and client governments, is making a commitment to ensure that energy efficiency becomes the “first fuel” of energy policy makers and governments around the world.
... See More + This brief highlights lessons learned from two decades of energy efficiency programs in many countries. Five recommendations are offered at the end of the brief.
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Energy efficiency (EE) is critical to help Turkey continue its trajectory of economic growth in a sustainable manner. The Government of Turkey recognizes this and has placed EE as a key component of its energy strategy and National Climate Change Strategy and Action Plan.
... See More + Over the past 5-10 years, it has made considerable advances in establishing a strong policy and legal framework, creating a robust institutional set-up and developing programs to support EE implementation. Institutionally, the General Directorate of Electric Power Resources Survey and Development Administration (EIE) had been mandated with EE policy making, implementation and promotion since 1981, and an Energy Efficiency Coordination Board (EECB) was established under the 2007 EE Law to coordinate various EE policies, programs and other efforts. In November 2011, EIE was converted into the General Directorate for Renewable Energy (GDRE) and absorbed within the Ministry of Energy and Natural Resources (MENR). The World Bank conducted an EE institutional review in consultation with the Turkish Government with the objective to enhance their ability to more effectively manage EE policies and programs and thus contribute to helping meet its stated national EE targets. The review consisted of a detailed assessment of the current institutional set-up, including roles and responsibilities for EE in Turkey, along with a comparison with international experience and best practices. A final set of institutional options and recommendations are provided at the end of the report.
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Energy efficiency (EE) is critical to help Turkey continue its trajectory of economic growth in a sustainable manner. The Government of Turkey recognizes this and has placed EE as a key component of its energy strategy and National Climate Change Strategy and Action Plan.
... See More + Over the past 5-10 years, it has made considerable advances in establishing a strong policy and legal framework, creating a robust institutional set-up and developing programs to support EE implementation. Institutionally, the General Directorate of Electric Power Resources Survey and Development Administration (EIE) had been mandated with EE policy making, implementation and promotion since 1981, and an Energy Efficiency Coordination Board (EECB) was established under the 2007 EE Law to coordinate various EE policies, programs and other efforts. In November 2011, EIE was converted into the General Directorate for Renewable Energy (GDRE) and absorbed within the Ministry of Energy and Natural Resources (MENR). The World Bank conducted an EE institutional review in consultation with the Turkish Government with the objective to enhance their ability to more effectively manage EE policies and programs and thus contribute to helping meet its stated national EE targets. The review consisted of a detailed assessment of the current institutional set-up, including roles and responsibilities for EE in Turkey, along with a comparison with international experience and best practices. A final set of institutional options and recommendations are provided at the end of the report.
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