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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Main Author: World Bank
Format: Report
Language:English
en_US
Published: Washington, DC 2015
Subjects:
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
id okr-10986-21978
recordtype oai_dc
spelling okr-10986-219782021-06-14T10:20:00Z Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund World Bank Climate mitigation hydrochlorofluorocarbons HCFC 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). 2015-05-21T20:16:08Z 2015-05-21T20:16:08Z 2015-04-15 Report 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Other Environmental Study
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic Climate mitigation
hydrochlorofluorocarbons
HCFC
spellingShingle Climate mitigation
hydrochlorofluorocarbons
HCFC
World Bank
Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund
description 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).
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund
title_short Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund
title_full Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund
title_fullStr Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund
title_full_unstemmed Resource Mobilization for HCFC Phase-out and Climate Mitigation Co-benefits : A Study Prepared for the Executive Committee of the Multilateral Fund
title_sort resource mobilization for hcfc phase-out and climate mitigation co-benefits : a study prepared for the executive committee of the multilateral fund
publisher Washington, DC
publishDate 2015
url 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
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