Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) EAST ASIA AND PACIFIC | China | Energy and Mining Global Practice | IBRD/IDA | Financial Intermediary Loan | FY 2013 | Seq No: 5 | ARCHIVED on 20-Mar-2015 | ISR17723 | Implementing Agencies: Changning District Government (Shanghai), Shanghai Pudong Development Bank, Bank of Shanghai Key Dates Key Project Dates Board Approval date:20-Mar-2013 Effectiveness Date:06-Sep-2013 Planned Mid Term Review Date:18-Jan-2016 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2018 Revised Closing Date:31-Dec-2018 Project Development Objectives Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Project Development Objective (from Project Appraisal Document) The project development objectives are to pilot green energy schemes and scale up low-carbon investments in buildings in Shanghai, with a focus on Changning district. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Green Energy Schemes for Low-carbon City in Shanghai (P127034) Global Environmental Objective (from Project Appraisal Document) The Global Environment Objective is to support Shanghai’s low-carbon city development by promoting green energy schemes, with a focus on Changning district. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name 1. Technical Assistance and Near Zero-emission Building:(Cost $4.35 M) 2. Low-Carbon Investments:(Cost $100.00 M) 3/20/2015 Public Disclosure Copy Page 1 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Progress towards achievement of GEO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  --  Substantial Implementation Status and Key Decisions An implementation support mission was conducted in late January 2015. The overall implementation status of the project has improved, Changning District ranked the top among all districts in Shanghai in low carbon development in 2014, however challenges still exist. (1) Strengthened linkages are required between activities supported by the GEF grant and the low carbon development in Shanghai and Changning District to support government’s low carbon agenda, more coordination needed with Shanghai municipal level institutions; (2) Emerging challenges for lending pipeline development under IBRD loan component: overall progress is slow, and enhanced coordination is required among stakeholders, including ramping up efforts in roll-out possible mandatory policy for low carbon development in Changning district, and timely adjustment of project activities to better use WB support, if needed; (3) The PMO is in place, but needs to familiarize project design and implementation details on an urgent basis to ensure successful delivery of the project. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Substantial Macroeconomic  --  --  Low Sector Strategies and Policies  --  --  Moderate Technical Design of Project or Program  --  --  Substantial Institutional Capacity for Implementation and Sustainability  --  --  Moderate Fiduciary  --  --  Low Environment and Social  --  --  Low Stakeholders  --  --  Substantial Other  --  --  -- Overall  --  --  Substantial 3/20/2015 Public Disclosure Copy Page 2 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Results Project Development Objective Indicators PHINDPDOTBL  Annual energy savings supported by the investments under the project (Tons of coal equivalent) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3689.00 6732.00 76000.00 Date 01-Jul-2013 07-Jul-2014 31-Dec-2014 30-Jun-2018 PHINDPDOTBL  Annual CO2 emission reduction supported by the investments under the project (Tons of coal equivalent) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9067.00 14582.00 165000.00 Date 01-Jul-2013 07-Jul-2014 31-Dec-2014 30-Jun-2018 Overall Comments Global Environmental Objective Indicators PHINDGEOTBL  Accumulated carbon intensity per unit of GDP in Changning District (Percentage). (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 83.00 77.40 Date 31-Dec-2010 17-Apr-2013 31-Dec-2014 30-Jun-2018 Overall Comments Intermediate Results Indicators 3/20/2015 Public Disclosure Copy Page 3 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) PHINDIRITBL  Innovative policies piloted under the Project in relation to green-energy retrofitting of buildings (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target A low carbon subsidy program has been Value none -- Completed issued in Changning District since 2013 Date 01-Jul-2013 17-Apr-2013 31-Dec-2014 30-Jun-2016 PHINDIRITBL  Online energy monitoring platform established under the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 150.00 160.00 160.00 Date 01-Jul-2013 07-Jul-2014 31-Dec-2014 30-Jun-2016 PHINDIRITBL  At least one (1) near zero-emission building piloted under the Project (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Not yet. The PMO is still identifying the building in Value none -- Completed consultation with local building owners. Date 01-Jul-2013 17-Apr-2013 31-Dec-2014 30-Jun-2018 PHINDIRITBL  Innovative financing mechanisms developed under the Project for green-energy retrofitting of buildings (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target This indicator is dropped as the planned study is cancelled - change of Value none -- Completed the project activity was agreed with the Bank team Date 01-Jul-2013 17-Apr-2013 31-Dec-2014 30-Jun-2016 3/20/2015 Public Disclosure Copy Page 4 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) PHINDIRITBL  At least one (1) distributed generation center built under the Project (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Not yet. A public building has been identified Value none -- where the distributed Completed generation center will be installed there. Date 01-Jul-2013 17-Apr-2013 31-Dec-2014 30-Jun-2018 PHINDIRITBL  Non-motorized transport system piloted under the Project (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Not yet. Study on the pilot scheme was Value none -- completed but the Completed implementation has not been completed. Date 01-Jul-2013 17-Apr-2013 31-Dec-2014 30-Jun-2017 PHINDIRITBL  Low-carbon investments supported by the Project (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2390000.00 1500000.00 246000000.00 Date 01-Jul-2013 07-Jul-2014 31-Dec-2014 30-Jun-2018 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P127035 IBRD-82330 Effective USD 100.00 100.00 0.00 1.61 98.39 2% P127034 TF-14205 Effective USD 100.00 4.35 0.00 0.55 3.80 13% Key Dates (by loan) 3/20/2015 Public Disclosure Copy Page 5 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P127035 IBRD-82330 Effective 20-Mar-2013 14-Jun-2013 06-Sep-2013 31-Dec-2018 31-Dec-2018 P127034 TF-14205 Effective 14-Jun-2013 14-Jun-2013 06-Sep-2013 31-Dec-2018 31-Dec-2018 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) P127034-Green Energy Schemes for Low-carbon City in Shanghai 3/20/2015 Public Disclosure Copy Page 6 of 6