Results-Based Financing to Promote Clean Stoves : Initial Lessons from Pilots in China and Indonesia
Past market failures to deliver clean cooking and heating solutions, especially to low-income households, suggest the continued need for subsidies if universal access is to be achieved. To succeed, however, subsidies must be well-targeted, have low...
Main Authors: | , |
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Format: | Brief |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2015
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2015/06/24730706/results-based-financing-promote-clean-stoves-initial-lessons-pilots-china-indonesia http://hdl.handle.net/10986/22114 |
Summary: | Past market failures to deliver clean
cooking and heating solutions, especially to low-income
households, suggest the continued need for subsidies if
universal access is to be achieved. To succeed, however,
subsidies must be well-targeted, have low potential for
“leakage,” and be calibrated to avoid destroying commercial
incentives and discipline. Results-based financing, which
disburses public resources against demonstrated results, can
be used to mobilizeand sustain private-sector participation
in scaling up access to clean stoves. Pilots implementing
this approach under the World Banks Clean Stove Initiative
show promising results. |
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