Ukraine : Facilitating Municipal Energy Efficiency Finance
The Ukrainian government recognizes investing in energy efficiency (EE) as a pillar of its energy sector strategy for reducing reliance on imported natural gas, mitigating the financial and fiscal stresses of high energy costs, and supporting econo...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25909892/ukraine-facilitating-municipal-energy-efficiency-finance-policy-paper http://hdl.handle.net/10986/23799 |
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okr-10986-237992021-04-23T14:04:17Z Ukraine : Facilitating Municipal Energy Efficiency Finance Limaye, Dilip R. Liu, Feng TARIFFS ADMINISTRATIVE BURDEN BORROWER BUSINESS OPPORTUNITIES FINANCING DIRECT FINANCING FLOW OF FUNDS INTEREST GUARANTEES FINANCIAL ASSISTANCE INTEREST RATE REVOLVING FUND STOCK MARKET CREDIT PROBLEMS REPAYMENTS REVENUES CAPACITY BUILDING LOAN CREDITWORTHINESS FEE LOAN AMOUNT BORROWERS SUBSIDY PAYMENTS SAVING INTERNATIONAL BANK CASH FLOWS LENDER BANK LENDING BUDGET REVOLVING FUNDS MUNICIPAL BONDS REPAYMENT PERIODS INTERNATIONAL FINANCE AFFORDABLE COST SOVEREIGN GUARANTEES SAVINGS FINANCIAL SUSTAINABILITY TECHNICAL ASSISTANCE PUBLIC-PRIVATE PARTNERSHIP FINANCIAL INSTITUTION LOAN FUNDS MARKET DEVELOPMENT HIGH INTEREST RATES COMMERCIAL BANK PARTIAL CREDIT ACCESS TO FINANCING UNION PUBLIC FUNDS INTEREST RATES PAYMENT FINANCIAL INSTITUTIONS DEBT LIMITED ACCESS FINANCING NEEDS FINANCIAL PRODUCTS LOAN REPAYMENTS LENDERS LOANS ENTERPRISES SOCIAL DEVELOPMENT DEBT SERVICE CAPITAL INVESTMENTS DONOR FUNDS POOR CREDIT BANK FINANCING FINANCE BANKS CREDIT LINE DEBT FINANCING COLLATERAL REQUIREMENTS GRANT ELIGIBLE BORROWERS INTEREST PAYMENTS CAPITAL DIRECT LOANS SOVEREIGN GUARANTEE LACK OF ACCESS ACCESS TO FINANCE PRIVATE LENDERS BANK CREDIT LOAN PROGRAM INVESTMENT BANK BOND MARKET REPAYMENT EXTERNAL FUNDS ENTERPRISE DEBT SECURITIES CREDIT HISTORIES COMMERCIAL LOANS PHYSICAL ASSETS MUNICIPAL BOND TRANSACTION COSTS ESCROW ACCOUNT CREDIT GUARANTEE SECURITIES CREDIT RISK AFFORDABLE FINANCING INSTITUTIONAL REFORM BANK LOAN CORPORATE DEBT COMMERCIAL LENDERS SECURITY INVESTMENT CREDIT GUARANTEES RATES OF RETURN LACK OF KNOWLEDGE COMMERCIAL BANKS PUBLIC FACILITIES COLLATERAL INTERNAL FUNDS TARIFF COOPERATION FINANCIAL INTERMEDIARY REVENUE COMMERCIAL LENDING INITIAL FUNDING BORROWING INVESTMENTS EXTERNAL FINANCING FEES LACK OF INFORMATION LOAN FACILITY CREDIT LINES GUARANTEE INITIAL INVESTMENT DEVELOPMENT BANK The Ukrainian government recognizes investing in energy efficiency (EE) as a pillar of its energy sector strategy for reducing reliance on imported natural gas, mitigating the financial and fiscal stresses of high energy costs, and supporting economic recovery and long-term growth. Major government initiatives have been or are being undertaken to scale up EE investments in industries and residential buildings, two of the largest final energy consumers. Efforts to support EE in the public sector also received a boost with the recent enactment of the energy service company (ESCO) law and amendments to the budget code to enable energy performance contracting. The municipal sector - which includes municipal buildings as well as municipal services such as public lighting, district heating, water and sanitation, solid waste, and public transportation - accounts for the lion’s share of final energy consumption in the public sector. Facilitating and scaling up municipal EE finance should be a key component of the government’s national EE support agenda. Creating a dedicated EE revolving fund (EERF) for the public sector - and focusing its initial efforts on financing EE renovation of municipal buildings - will fill a critical gap in municipal EE financing in Ukraine and help address perhaps the most pressing municipal EE investment needs of Ukrainian cities. 2016-03-01T22:51:51Z 2016-03-01T22:51:51Z 2015-09 Working Paper http://documents.worldbank.org/curated/en/2016/02/25909892/ukraine-facilitating-municipal-energy-efficiency-finance-policy-paper http://hdl.handle.net/10986/23799 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia Ukraine |
| 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 |
TARIFFS ADMINISTRATIVE BURDEN BORROWER BUSINESS OPPORTUNITIES FINANCING DIRECT FINANCING FLOW OF FUNDS INTEREST GUARANTEES FINANCIAL ASSISTANCE INTEREST RATE REVOLVING FUND STOCK MARKET CREDIT PROBLEMS REPAYMENTS REVENUES CAPACITY BUILDING LOAN CREDITWORTHINESS FEE LOAN AMOUNT BORROWERS SUBSIDY PAYMENTS SAVING INTERNATIONAL BANK CASH FLOWS LENDER BANK LENDING BUDGET REVOLVING FUNDS MUNICIPAL BONDS REPAYMENT PERIODS INTERNATIONAL FINANCE AFFORDABLE COST SOVEREIGN GUARANTEES SAVINGS FINANCIAL SUSTAINABILITY TECHNICAL ASSISTANCE PUBLIC-PRIVATE PARTNERSHIP FINANCIAL INSTITUTION LOAN FUNDS MARKET DEVELOPMENT HIGH INTEREST RATES COMMERCIAL BANK PARTIAL CREDIT ACCESS TO FINANCING UNION PUBLIC FUNDS INTEREST RATES PAYMENT FINANCIAL INSTITUTIONS DEBT LIMITED ACCESS FINANCING NEEDS FINANCIAL PRODUCTS LOAN REPAYMENTS LENDERS LOANS ENTERPRISES SOCIAL DEVELOPMENT DEBT SERVICE CAPITAL INVESTMENTS DONOR FUNDS POOR CREDIT BANK FINANCING FINANCE BANKS CREDIT LINE DEBT FINANCING COLLATERAL REQUIREMENTS GRANT ELIGIBLE BORROWERS INTEREST PAYMENTS CAPITAL DIRECT LOANS SOVEREIGN GUARANTEE LACK OF ACCESS ACCESS TO FINANCE PRIVATE LENDERS BANK CREDIT LOAN PROGRAM INVESTMENT BANK BOND MARKET REPAYMENT EXTERNAL FUNDS ENTERPRISE DEBT SECURITIES CREDIT HISTORIES COMMERCIAL LOANS PHYSICAL ASSETS MUNICIPAL BOND TRANSACTION COSTS ESCROW ACCOUNT CREDIT GUARANTEE SECURITIES CREDIT RISK AFFORDABLE FINANCING INSTITUTIONAL REFORM BANK LOAN CORPORATE DEBT COMMERCIAL LENDERS SECURITY INVESTMENT CREDIT GUARANTEES RATES OF RETURN LACK OF KNOWLEDGE COMMERCIAL BANKS PUBLIC FACILITIES COLLATERAL INTERNAL FUNDS TARIFF COOPERATION FINANCIAL INTERMEDIARY REVENUE COMMERCIAL LENDING INITIAL FUNDING BORROWING INVESTMENTS EXTERNAL FINANCING FEES LACK OF INFORMATION LOAN FACILITY CREDIT LINES GUARANTEE INITIAL INVESTMENT DEVELOPMENT BANK |
| spellingShingle |
TARIFFS ADMINISTRATIVE BURDEN BORROWER BUSINESS OPPORTUNITIES FINANCING DIRECT FINANCING FLOW OF FUNDS INTEREST GUARANTEES FINANCIAL ASSISTANCE INTEREST RATE REVOLVING FUND STOCK MARKET CREDIT PROBLEMS REPAYMENTS REVENUES CAPACITY BUILDING LOAN CREDITWORTHINESS FEE LOAN AMOUNT BORROWERS SUBSIDY PAYMENTS SAVING INTERNATIONAL BANK CASH FLOWS LENDER BANK LENDING BUDGET REVOLVING FUNDS MUNICIPAL BONDS REPAYMENT PERIODS INTERNATIONAL FINANCE AFFORDABLE COST SOVEREIGN GUARANTEES SAVINGS FINANCIAL SUSTAINABILITY TECHNICAL ASSISTANCE PUBLIC-PRIVATE PARTNERSHIP FINANCIAL INSTITUTION LOAN FUNDS MARKET DEVELOPMENT HIGH INTEREST RATES COMMERCIAL BANK PARTIAL CREDIT ACCESS TO FINANCING UNION PUBLIC FUNDS INTEREST RATES PAYMENT FINANCIAL INSTITUTIONS DEBT LIMITED ACCESS FINANCING NEEDS FINANCIAL PRODUCTS LOAN REPAYMENTS LENDERS LOANS ENTERPRISES SOCIAL DEVELOPMENT DEBT SERVICE CAPITAL INVESTMENTS DONOR FUNDS POOR CREDIT BANK FINANCING FINANCE BANKS CREDIT LINE DEBT FINANCING COLLATERAL REQUIREMENTS GRANT ELIGIBLE BORROWERS INTEREST PAYMENTS CAPITAL DIRECT LOANS SOVEREIGN GUARANTEE LACK OF ACCESS ACCESS TO FINANCE PRIVATE LENDERS BANK CREDIT LOAN PROGRAM INVESTMENT BANK BOND MARKET REPAYMENT EXTERNAL FUNDS ENTERPRISE DEBT SECURITIES CREDIT HISTORIES COMMERCIAL LOANS PHYSICAL ASSETS MUNICIPAL BOND TRANSACTION COSTS ESCROW ACCOUNT CREDIT GUARANTEE SECURITIES CREDIT RISK AFFORDABLE FINANCING INSTITUTIONAL REFORM BANK LOAN CORPORATE DEBT COMMERCIAL LENDERS SECURITY INVESTMENT CREDIT GUARANTEES RATES OF RETURN LACK OF KNOWLEDGE COMMERCIAL BANKS PUBLIC FACILITIES COLLATERAL INTERNAL FUNDS TARIFF COOPERATION FINANCIAL INTERMEDIARY REVENUE COMMERCIAL LENDING INITIAL FUNDING BORROWING INVESTMENTS EXTERNAL FINANCING FEES LACK OF INFORMATION LOAN FACILITY CREDIT LINES GUARANTEE INITIAL INVESTMENT DEVELOPMENT BANK Limaye, Dilip R. Liu, Feng Ukraine : Facilitating Municipal Energy Efficiency Finance |
| geographic_facet |
Europe and Central Asia Ukraine |
| description |
The Ukrainian government recognizes
investing in energy efficiency (EE) as a pillar of its
energy sector strategy for reducing reliance on imported
natural gas, mitigating the financial and fiscal stresses of
high energy costs, and supporting economic recovery and
long-term growth. Major government initiatives have been or
are being undertaken to scale up EE investments in
industries and residential buildings, two of the largest
final energy consumers. Efforts to support EE in the public
sector also received a boost with the recent enactment of
the energy service company (ESCO) law and amendments to the
budget code to enable energy performance contracting. The
municipal sector - which includes municipal buildings as
well as municipal services such as public lighting, district
heating, water and sanitation, solid waste, and public
transportation - accounts for the lion’s share of final
energy consumption in the public sector. Facilitating and
scaling up municipal EE finance should be a key component of
the government’s national EE support agenda. Creating a
dedicated EE revolving fund (EERF) for the public sector -
and focusing its initial efforts on financing EE renovation
of municipal buildings - will fill a critical gap in
municipal EE financing in Ukraine and help address perhaps
the most pressing municipal EE investment needs of Ukrainian cities. |
| format |
Working Paper |
| author |
Limaye, Dilip R. Liu, Feng |
| author_facet |
Limaye, Dilip R. Liu, Feng |
| author_sort |
Limaye, Dilip R. |
| title |
Ukraine : Facilitating Municipal Energy Efficiency Finance |
| title_short |
Ukraine : Facilitating Municipal Energy Efficiency Finance |
| title_full |
Ukraine : Facilitating Municipal Energy Efficiency Finance |
| title_fullStr |
Ukraine : Facilitating Municipal Energy Efficiency Finance |
| title_full_unstemmed |
Ukraine : Facilitating Municipal Energy Efficiency Finance |
| title_sort |
ukraine : facilitating municipal energy efficiency finance |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/02/25909892/ukraine-facilitating-municipal-energy-efficiency-finance-policy-paper http://hdl.handle.net/10986/23799 |
| _version_ |
1764454753453998080 |