Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) Developing Market-based Energy Efficiency Program in China (P132748) EAST ASIA AND PACIFIC | China | Energy & Extractives Global Practice | Global Environment Project | Investment Project Financing | FY 2017 | Seq No: 3 | ARCHIVED on 29-Jun-2018 | ISR32534 | Implementing Agencies: Huaxia Bank, People's Republic of China, Hebei PMO, China National Energy Conservation Center Key Dates Key Project Dates Bank Approval Date:16-Mar-2017 Effectiveness Date:05-Sep-2017 Planned Mid Term Review Date:30-Apr-2020 Actual Mid-Term Review Date:-- Original Closing Date:30-Apr-2022 Revised Closing Date:30-Apr-2022 Global Development Objectives Global Environmental Objective (from Project Appraisal Document) The objective of the project is to support development and implementation of China'€€s priority energy efficiency and environment programs, with a focus on improving the results measurement and verification system and developing market-based mechanisms. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Component 1. Supporting market-based priority energy efficiency and coal cap control programs:(Cost $8.80 M) Component 2. Supporting result-based green energy financing in Jing-Jin-Ji Region:(Cost $4.50 M) Component 3. Supporting result-based environmental program in Hebei Province:(Cost $4.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions 6/29/2018 Public Disclosure Copy Page 1 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) The project was approved by World Bank Board on March 16, 2017, and became effective on September 5, 2017. The project has advanced successfully in the first nine months of implementation. Project activities related to energy efficiency and environmental monitoring, reporting, and verification (MRV) have been prepared and all PMOs have initiated and signed their first sets of contracts. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Low  Low  Low Macroeconomic  Moderate  Moderate  Moderate Sector Strategies and Policies  Low  Low  Low Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Moderate  Moderate  Moderate Fiduciary  Moderate  Moderate  Moderate Environment and Social  Low  Low  Low Stakeholders  Moderate  Moderate  Moderate Other  --  --  -- Overall  Moderate  Moderate  Moderate Results Global Environmental Objective Indicators PHINDGEOTBL  Energy savings measurement, reporting and verification system improved and standardized(Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value MRV system for energy savings n.a. n.a. -- improved and standardized Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 31-Dec-2020 6/29/2018 Public Disclosure Copy Page 2 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) PHINDGEOTBL  Market-based mechanisms for energy savings designed and piloted(Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Market-based EE -- n. a. n.a. trading mechanisms designed and piloted Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 31-Mar-2022 PHINDGEOTBL  Energy and environment results verified for the Jing-Jin-Ji Region and Hebei Province(Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Verification systems for green energy financing and -- -- n.a. environmental programs in JJJ Region and Hebei Province established Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 30-Apr-2022 Overall Comments Intermediate Results Indicators PHINDIRITBL  Capacity built for M&V system and market-based EE mechanism (Number of people trained) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,200.00 Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 30-Apr-2022 6/29/2018 Public Disclosure Copy Page 3 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) PHINDIRITBL  Energy savings M&V methodologies and guidelines developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 30-Apr-2022 PHINDIRITBL  Energy consumption trading schemes designed and piloted (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 31-Dec-2020 PHINDIRITBL  Innovative financial products for green financing developed and piloted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1.00 3.00 Date 16-Mar-2017 -- 26-Apr-2018 30-Apr-2022 PHINDIRITBL  Capacity for environmental results monitoring improved (Number of people trained) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 480.00 Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 30-Apr-2022 6/29/2018 Public Disclosure Copy Page 4 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) PHINDIRITBL  Case studies for the JJJ and Hebei PforR operations developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 30-Apr-2022 PHINDIRITBL  CO2 emissions avoided (thousand tons) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,407.00 1,734.90 1,969.00 Date 16-Mar-2017 15-Nov-2017 26-Apr-2018 30-Apr-2022 PHINDIRITBL  Annual energy savings(Thousand tce) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 719.00 800.00 Date 16-Mar-2017 -- 26-Apr-2018 30-Apr-2022 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed 8.4 P132748 TF-A4256 Effective USD 17.80 17.80 0.00 1.50 16.30 % Key Dates (by loan) 6/29/2018 Public Disclosure Copy Page 5 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P132748 TF-A4256 Effective 09-Jun-2017 09-Jun-2017 05-Sep-2017 30-Apr-2022 30-Apr-2022 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/29/2018 Public Disclosure Copy Page 6 of 6