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 & Extractives Global Practice | IBRD/IDA | Financial Intermediary Loan | FY 2013 | Seq No: 6 | ARCHIVED on 17-Dec-2015 | ISR20821 | Implementing Agencies: Changning District Government (Shanghai), Shanghai Pudong Development Bank, Bank of Shanghai Key Dates Key Project Dates Bank 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) 12/17/2015 Public Disclosure Copy Page 1 of 7 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  Moderately Satisfactory Progress towards achievement of GEO  Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Unsatisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions The challenges related to developing lending sub-projects in Changning district still exist and has prevented the project from implemeting smoothly. The project management office is working with the district government to study possible mandatory building EE policies, aiming to expand the market of building EE and achieving high carbon reductino target in Changning district. A Bank mission was conducted in July and further discussion will be in December 2015 to hold dialogue with the PMO (on behalf of Changning district government), and both banks (Shanghai Pudong Development Bank and Bank of Shanghai) in order to address the emerging challenges. Studies to support the government in policy making and low carbon pilots (non-motorized transport, energy supply, near-zero emission building) have been conducted, and progress has been made for each pilot. The support to building EE platform has been resumed, and the platform will be a major tool for Changning district government to administrate the building EE, and will be improved to provide third-party services. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Substantial  Substantial Macroeconomic  --  Low  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  --  Moderate  Substantial Fiduciary  --  Low  Low 12/17/2015 Public Disclosure Copy Page 2 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Environment and Social  --  Low  Low Stakeholders  --  Substantial  Substantial Other  --  --  -- Overall  --  Substantial  Substantial 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 6732.00 6732.00 76000.00 Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 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 14582.00 14582.00 165000.00 Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 30-Jun-2018 Overall Comments The figures for both "annual energy savings" and "annual carbon dioxide emission reduction" need to be updated. PMO to provide the udpated figures in the new progress report. 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 83.00 83.00 77.40 Date 31-Dec-2010 31-Dec-2014 14-Dec-2015 30-Jun-2018 12/17/2015 Public Disclosure Copy Page 3 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Overall Comments 2015 data is to be provided in the next progress report if the official figure can be available by early 2016. Intermediate Results Indicators 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 A low carbon subsidy program has been program has been Value none Completed issued in Changning issued in Changning District since 2013 District since 2013 Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 30-Jun-2016 PHINDIRITBL  Online energy monitoring platform established under the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 160.00 160.00 160.00 Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 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 A building has been still identifying the identified by the PMO to Value none building in consultation pilot the near-zero Completed with local building emission. Draft technical owners. design was completed. Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 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 The study is postponed planned study is to be started 2016, Value none cancelled - change of Completed agreed in the latest the project activity was mission. agreed with the Bank team 12/17/2015 Public Disclosure Copy Page 4 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 30-Jun-2016 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 A hospital has been building has been identified where the identified where the Value none distributed generation Completed distributed generation center will be installed center will be installed there. there. Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 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 Not yet. Study on the pilot scheme was pilot scheme was Value none completed but the completed but the Completed implementation has not implementation has not been completed. been completed. Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 30-Jun-2017 PHINDIRITBL  Low-carbon investments supported by the Project (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1500000.00 1500000.00 246000000.00 Date 01-Jul-2013 31-Dec-2014 14-Dec-2015 30-Jun-2018 Overall Comments 12/17/2015 Public Disclosure Copy Page 5 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) 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 3.57 96.43 4% P127034 TF-14205 Effective USD 4.35 4.35 0.00 0.94 3.41 22% Key Dates (by loan) 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) 12/17/2015 Public Disclosure Copy Page 6 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) P127034-Green Energy Schemes for Low-carbon City in Shanghai 12/17/2015 Public Disclosure Copy Page 7 of 7