Wow! eBook
Energy Efficiency Finance: Assessing the Impact of Ifc's China Utility-based Energy Efficiency Finance Program
Author(s): World Bank Group (Author)
- Publisher: World Bank Publications
- Publication Date: 30 Jun. 2010
- Language: English
- Print length: 89 pages
- ISBN-10: 0821384503
- ISBN-13: 9780821384503
Book Description
This evaluation assesses the performance of IFC’s energy efficiency finance program in China aimed at stimulating energy efficiency investments through bank guarantees and technical assistance. The difference made by the programme is traced along the chain of interventions: (i) at the level of banks, the programme is narrowly based on one of the two partner banks, which, with the help of the programme, expanded its energy efficiency lending as a new business line; (ii) at the level of energy management companies, the programme’s technical assistance improved the program participants’ access to finance; and (iii) at the end-user level, it promoted the use of energy efficiency investments that achieved reduction of greenhouse gas emissions. The utilisation of IFC’s programme has been rapid compared with other similar programmes. The energy efficiency investments supported by the programme have reduced greenhouse gas emissions by 14 million CO2 tons per year, slightly in excess of the target set at the beginning of the programme. However, there is only a weak differentiation in behavior surrounding energy efficiency investment between end users supported by the programme and other similar companies that were not. It is important to note that the performance of the programme was heavily influenced by the government’s policy actions and the earlier efforts of other players: The Chinese government and other players such as the World Bank. The CHUEE program, relying mainly on commercial funding through IFC’s guarantees, builds on these efforts.
