Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund
This study seeks to identify potential sources of co-financing to meet the additional costs of energy efficiency (EE) and climate mitigation benefits associated with the hydrochlorofluorocarbons (HCFC) phase-out supported by the Multilateral fund o...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/04/24424962/resource-mobilization-hcfc-phase-out-climate-mitigation-co-benefits-study-prepared-executive-committee-multilateral-fund http://hdl.handle.net/10986/21978 |
| Summary: | This study seeks to identify potential
sources of co-financing to meet the additional costs of
energy efficiency (EE) and climate mitigation benefits
associated with the hydrochlorofluorocarbons (HCFC)
phase-out supported by the Multilateral fund of the montreal
protocol (MLF). As it stands, the policy of the multilateral
fund is to support only the eligible incremental costs
related to the phase-out of ozone depleting substances, and
not to support the additional costs of additional EE related
improvements of the equipment. Currently therefore, while
the multilateral fund encourages exploring co-financing
opportunities for improving energy efficiency, the fund does
not directly support the uptake of the most energy efficient
technology. HCFC phase-out management plans (HPMPs) approved
by the MLF seek to facilitate the conversion of
refrigeration - air conditioning (Ref-AC) manufacturing and
foam manufacturing away from the use of HCFCs to non - ozone
depleting substance (ODS) alternatives. This study explores
pathways that may encourage the uptake of ozone- and climate
friendly technologies through synergies between the MP,
policies to promote EE, and climate finance instruments;
thereby leading also to cost-effectiveness of public
financing and economic efficiency where synergies exist and
can be exploited. The study underscores, based on practical
examples, that opportunities can be strategically engineered
to encourage harmonization between the phase-out of the
HCFCs and HCFC-using technologies with efforts to promote
energy efficiency and reduce greenhouse gas emissions (GHG). |
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