Financing Municipal Energy Efficiency Projects

Improving the energy efficiency (EE) of municipally owned buildings, such as schools and hospitals, and municipal infrastructure, such as public lighting, water supply, and district heating, offers budgetary savings on energy bills and a wide range...

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Bibliographic Details
Main Author:	Energy Sector Management Assistance Program
Format:	ESMAP Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ACCESS TO FINANCING ACCESS TO FUND ADVISORY SERVICES ALLOCATION OF FUNDS ASSETS AUDITS AUTONOMY BALANCE SHEETS BANK FINANCING BANK LENDING BANK LOANS BANKING REGULATIONS BID BOILERS BOND MARKET BORROWER BORROWING BORROWING CAPACITIES BUDGETING CAPACITY BUILDING CAPITAL BASE CAPITAL COST CAPITAL EXPENDITURES CAPITAL INVESTMENTS CARBON FINANCING CASH FLOW CASH FLOWS COLLATERAL COLLATERAL REQUIREMENTS COLLECTION PROCESS COMMERCIAL BANK COMMERCIAL BANK DEBT COMMERCIAL BANK LENDING COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMERCIAL DEBT COMMERCIAL FINANCING COMMERCIAL LENDERS COMMERCIAL LENDING COMMERCIAL LOANS COMPACT FLUORESCENT LAMPS COMPETITIVE BIDDING CONTRACTUAL ARRANGEMENT CONTRACTUAL RELATIONSHIP CREDIT GUARANTEE CREDIT GUARANTEES CREDIT LINE CREDIT LINES CREDIT MARKET CREDIT MARKET ACCESS CREDIT MARKETS CREDIT RATING CREDIT RISK CREDIT RISKS CREDITS CREDITWORTHINESS CURRENCY DEBT DEBT FINANCING DEBT SERVICE DEBT SERVICE PAYMENTS DEPENDENT DEVELOPMENT BANKS DIRECT FINANCING DISTRICT HEATING DISTRICT HEATING SYSTEMS DONOR FUNDING DONOR FUNDS DUE DILIGENCE ECONOMIC GROWTH ECONOMIES OF SCALE EFFICIENCY IMPROVEMENT EFFICIENT LIGHTING ELIGIBILITY CRITERIA ENERGY BILLS ENERGY COSTS ENERGY EFFICIENCY ENERGY MANAGEMENT ENERGY SAVINGS ENERGY SYSTEMS ENERGY USE EQUIPMENT ESCROW ESCROW ACCOUNT EXPENDITURE EXPENDITURES EXTERNAL FINANCING EXTERNAL FUND EXTERNAL FUNDS EXTERNALITIES FACILITATION FINANCIAL CAPACITY FINANCIAL DIFFICULTIES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL POSITION FINANCIAL PRODUCTS FINANCIAL STRENGTH FINANCIAL SUSTAINABILITY FINANCIAL VIABILITY FINANCIER FINANCIERS FINANCING COSTS FINANCING FACILITIES FINANCING FACILITY FINANCING SOURCES FINANCING · REQUIREMENTS FISCAL CAPACITY FISCAL DECENTRALIZATION FUND MANAGER FUNDING SOURCE FUNDING SOURCES GOOD CREDIT GOVERNMENT BUDGET GRANT FUNDING GUARANTOR HOUSEHOLDS IMPROVING ENERGY EFFICIENCY INITIAL FUNDING INITIAL INVESTMENT INSTITUTIONAL CAPACITY INTEREST INCOME INTERNAL FUND INTERNAL FUNDS INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT COST INVESTMENT COSTS INVESTMENT FUNDS INVESTMENT VOLUME ISSUANCE JURISDICTION JURISDICTIONS LACK OF AWARENESS LACK OF KNOWLEDGE LARGE CITIES LAWS LEASE AGREEMENT LEASE PAYMENTS LEGISLATION LENDER LENDERS LEVEL OF PAYMENT LEVERAGE LIMITED ACCESS LIMITED BORROWING CAPACITY LOAN LOAN AGREEMENTS LOAN AMOUNTS LOAN CONTRACTS LOAN DEFAULT LOAN DEFAULTS LOAN FUNDS LOAN GUARANTEES LOAN LOSS LOAN PRINCIPAL LOAN REPAYMENTS LOAN TERMS LOANS FROM BANKS LOCAL BANK LOCAL BANKS LOCAL MARKET MANDATES MARKET CONDITIONS MARKET DEVELOPMENT MARKET PRICES MUNICIPAL ASSETS MUNICIPAL BOND MUNICIPAL BOND MARKET MUNICIPAL BONDS MUNICIPAL BORROWING MUNICIPAL BUDGET MUNICIPAL BUDGETS MUNICIPAL CREDIT MUNICIPAL CREDIT MARKET MUNICIPAL CREDIT MARKETS MUNICIPAL DEBT MUNICIPAL GOVERNMENTS MUNICIPAL REVENUES MUNICIPALITIES OPERATING COSTS OUTSTANDING LOAN PARTIAL CREDIT PARTIAL RISK PERFORMANCE RISK PERFORMANCE RISKS PORTFOLIO PRIVATE PARTIES PROCUREMENT PROCUREMENT POLICIES PROCUREMENTS PRODUCTION CREDITS PUBLIC FACILITIES PUBLIC FINANCING PUBLIC FUNDS PUBLIC POLICIES PUBLIC TRANSPORT PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RATING SYSTEMS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPAYMENT REPAYMENTS RETURN RETURNS REVOLVING FUND REVOLVING FUNDS RISK PERCEPTION RISK SHARING SAVINGS SUBSIDIARIES TAX TECHNICAL ASSISTANCE TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS TRUST FUND UNION URBAN DEVELOPMENT USER CHARGES UTILITIES VILLAGE VILLAGES WATER SUPPLY
Online Access:	http://documents.worldbank.org/curated/en/2014/07/23788269/financing-municipal-energy-efficiency-projects http://hdl.handle.net/10986/21307

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Summary:	Improving the energy efficiency (EE) of municipally owned buildings, such as schools and hospitals, and municipal infrastructure, such as public lighting, water supply, and district heating, offers budgetary savings on energy bills and a wide range of environmental and socioeconomic benefits. But relatively few municipal EE projects have been developed and implemented successfully. The challenges that limit EE investments in municipal buildings and facilities can be grouped into three broad areas: (i) a lack of awareness and incentives; (ii) insufficient implementation capacity; and (iii) limited access to financing. All three sets of challenges need to be addressed to scale up successful implementation of municipal EE projects. This Guidance Note focuses on the key issues faced by municipalities in accessing financing for EE investments, particularly for projects in the following four areas: indoor lighting, building retrofits, public lighting, and municipal utilities. The guidance note discusses the following potential financing mechanisms that can be used by municipalities to finance EE measures: budget financing, Funds developed specifically to address energy efficiency, public support to leverage commercial financing, and commercial financing.

Financing Municipal Energy Efficiency Projects

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