Energy Efficiency Finance : Assessing the Impact of IFC's China Utility-based Energy Efficiency Finance Program
This evaluation assesses the performance of International Finance Corporations (IFC's) energy efficiency finance program in China aimed at stimulating energy efficiency investments through bank guarantees and technical assistance. The program&...
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| Format: | Publication |
| Language: | English |
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Washington, DC: World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100706060737 http://hdl.handle.net/10986/2480 |
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okr-10986-2480 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CREDIT ACCESS TO ENERGY ACCESS TO FINANCE ACCESS TO FINANCING ADMINISTRATIVE COSTS ADVANCED TECHNOLOGIES ADVISORY SERVICES AIR ANNUAL EMISSIONS APPROACH AVAILABILITY BALANCE SHEET BANK FINANCING BANK LENDING BANK LOANS BANKS BARRIERS TO ENERGY EFFICIENCY BASES BENEFIT STREAMS BIOMASS BORROWER CALCULATION CALORIFIC VALUE CAPACITY BUILDING CARBON CARBON CONTENT CARBON DIOXIDE CARBON EMISSION CASH FLOWS CEMENT CEMENT PRODUCTION CLEAN DEVELOPMENT MECHANISMS CLEANER ENERGY CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CO CO2 COAL COAL COMBUSTION COAL CONSUMPTION COAL ENERGY COAL PRODUCTION COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COLORS COMMERCIAL BANKS COMMERCIAL ENERGY COMMERCIAL ENERGY EFFICIENCY COST BENEFIT ANALYSIS CREDIT DECISIONS CREDIT LINE CREDIT RISK DEMAND CURVE DEMAND FOR COAL DEMAND FOR ENERGY DEVELOPMENT ASSISTANCE DISCOUNT RATES DOWN MARKET DOWN PAYMENTS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPACTS EFFICIENCY GAINS EFFICIENCY IMPROVEMENT EFFICIENCY IMPROVEMENTS EFFICIENCY POTENTIAL ELECTRICITY ELIGIBILITY CRITERIA EMISSION EMISSION INTENSITY EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTIONS EMISSIONS EMISSIONS INTENSITY ENERGY BALANCE ENERGY CONSERVATION ENERGY CONSUMERS ENERGY CONSUMPTION ENERGY COST SAVINGS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY FINANCE ENERGY EFFICIENCY IMPROVEMENTS ENERGY EFFICIENCY INVESTMENTS ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY PROGRAMS ENERGY GENERATION ENERGY INDUSTRIES ENERGY INPUT ENERGY INTENSITY ENERGY MANAGEMENT ENERGY POLICY ENERGY PRICES ENERGY PRICING ENERGY SAVINGS ENERGY SAVINGS PERFORMANCE ENERGY SOURCES ENERGY SUPPLY ENERGY USAGE ENERGY USE ENVIRONMENTAL IMPACTS ENVIRONMENTAL SUSTAINABILITY EXPLOSIVE FINANCIAL CRISIS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL RETURN FIXED ASSET FOREIGN EXCHANGE FOSSIL FOSSIL FUEL FOSSIL FUEL USE FOSSIL FUELS FUEL FUEL USE FUNDING SOURCES GAS DISTRIBUTION GAS UTILITIES GAS UTILITY GHG GHGS GLOBAL CLIMATE CHANGE GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GOVERNMENT INTERVENTION GOVERNMENT POLICIES GOVERNMENT POLICY GREATER ACCESS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GROSS DOMESTIC PRODUCT GUARANTEE AGENCY HEAT HEAT RECOVERY HEATING SYSTEMS HYDROPOWER IMPROVING ENERGY EFFICIENCY INDUSTRIAL BOILER INDUSTRIAL WASTE INFORMATION GAP INSURANCE INSURANCE PRODUCTS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTMENT OPPORTUNITIES INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY IPCC KEY CHALLENGE LACK OF AWARENESS LACK OF CREDIT LENDING PORTFOLIO LIMITED ACCESS LIMITED ACCESS TO FINANCE LOAN LOAN AMOUNT LOAN GUARANTEE LOAN GUARANTEES LOAN PORTFOLIO LOAN PRODUCTS LOAN REPAYMENTS LOAN SIZE MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES METHANE NATURAL GAS NEW BUSINESS NITROGEN NITROGEN OXIDE NITROUS OXIDE OIL OUTREACH PARTICULATE PARTICULATE MATTER PARTNER BANKS PETROLEUM PETROLEUM USE POLICY ENVIRONMENTS POLICY MAKERS POLLUTION PORTFOLIO POWER POWER GENERATION POWER PLANTS PROMOTING ENERGY EFFICIENCY RADIATION RATES OF RETURN REGULATORY FRAMEWORK RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY INDUSTRIES RENEWABLE ENERGY SOURCES RENEWABLE SOURCES RESIDENTIAL HOUSING RETROFITTING RISK AVERSION SMALL ENTERPRISES SOURCE OF ENERGY SPILLOVER EFFECTS SULFUR SUPPLY CURVE SUSTAINABLE ENERGY TECHNICAL ASSISTANCE TONS OF COAL EQUIVALENT TRANSACTION COSTS UNION WIND WIND FARMS WIND SYSTEMS |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO ENERGY ACCESS TO FINANCE ACCESS TO FINANCING ADMINISTRATIVE COSTS ADVANCED TECHNOLOGIES ADVISORY SERVICES AIR ANNUAL EMISSIONS APPROACH AVAILABILITY BALANCE SHEET BANK FINANCING BANK LENDING BANK LOANS BANKS BARRIERS TO ENERGY EFFICIENCY BASES BENEFIT STREAMS BIOMASS BORROWER CALCULATION CALORIFIC VALUE CAPACITY BUILDING CARBON CARBON CONTENT CARBON DIOXIDE CARBON EMISSION CASH FLOWS CEMENT CEMENT PRODUCTION CLEAN DEVELOPMENT MECHANISMS CLEANER ENERGY CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CO CO2 COAL COAL COMBUSTION COAL CONSUMPTION COAL ENERGY COAL PRODUCTION COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COLORS COMMERCIAL BANKS COMMERCIAL ENERGY COMMERCIAL ENERGY EFFICIENCY COST BENEFIT ANALYSIS CREDIT DECISIONS CREDIT LINE CREDIT RISK DEMAND CURVE DEMAND FOR COAL DEMAND FOR ENERGY DEVELOPMENT ASSISTANCE DISCOUNT RATES DOWN MARKET DOWN PAYMENTS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPACTS EFFICIENCY GAINS EFFICIENCY IMPROVEMENT EFFICIENCY IMPROVEMENTS EFFICIENCY POTENTIAL ELECTRICITY ELIGIBILITY CRITERIA EMISSION EMISSION INTENSITY EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTIONS EMISSIONS EMISSIONS INTENSITY ENERGY BALANCE ENERGY CONSERVATION ENERGY CONSUMERS ENERGY CONSUMPTION ENERGY COST SAVINGS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY FINANCE ENERGY EFFICIENCY IMPROVEMENTS ENERGY EFFICIENCY INVESTMENTS ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY PROGRAMS ENERGY GENERATION ENERGY INDUSTRIES ENERGY INPUT ENERGY INTENSITY ENERGY MANAGEMENT ENERGY POLICY ENERGY PRICES ENERGY PRICING ENERGY SAVINGS ENERGY SAVINGS PERFORMANCE ENERGY SOURCES ENERGY SUPPLY ENERGY USAGE ENERGY USE ENVIRONMENTAL IMPACTS ENVIRONMENTAL SUSTAINABILITY EXPLOSIVE FINANCIAL CRISIS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL RETURN FIXED ASSET FOREIGN EXCHANGE FOSSIL FOSSIL FUEL FOSSIL FUEL USE FOSSIL FUELS FUEL FUEL USE FUNDING SOURCES GAS DISTRIBUTION GAS UTILITIES GAS UTILITY GHG GHGS GLOBAL CLIMATE CHANGE GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GOVERNMENT INTERVENTION GOVERNMENT POLICIES GOVERNMENT POLICY GREATER ACCESS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GROSS DOMESTIC PRODUCT GUARANTEE AGENCY HEAT HEAT RECOVERY HEATING SYSTEMS HYDROPOWER IMPROVING ENERGY EFFICIENCY INDUSTRIAL BOILER INDUSTRIAL WASTE INFORMATION GAP INSURANCE INSURANCE PRODUCTS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTMENT OPPORTUNITIES INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY IPCC KEY CHALLENGE LACK OF AWARENESS LACK OF CREDIT LENDING PORTFOLIO LIMITED ACCESS LIMITED ACCESS TO FINANCE LOAN LOAN AMOUNT LOAN GUARANTEE LOAN GUARANTEES LOAN PORTFOLIO LOAN PRODUCTS LOAN REPAYMENTS LOAN SIZE MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES METHANE NATURAL GAS NEW BUSINESS NITROGEN NITROGEN OXIDE NITROUS OXIDE OIL OUTREACH PARTICULATE PARTICULATE MATTER PARTNER BANKS PETROLEUM PETROLEUM USE POLICY ENVIRONMENTS POLICY MAKERS POLLUTION PORTFOLIO POWER POWER GENERATION POWER PLANTS PROMOTING ENERGY EFFICIENCY RADIATION RATES OF RETURN REGULATORY FRAMEWORK RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY INDUSTRIES RENEWABLE ENERGY SOURCES RENEWABLE SOURCES RESIDENTIAL HOUSING RETROFITTING RISK AVERSION SMALL ENTERPRISES SOURCE OF ENERGY SPILLOVER EFFECTS SULFUR SUPPLY CURVE SUSTAINABLE ENERGY TECHNICAL ASSISTANCE TONS OF COAL EQUIVALENT TRANSACTION COSTS UNION WIND WIND FARMS WIND SYSTEMS Independent Evaluation Group Energy Efficiency Finance : Assessing the Impact of IFC's China Utility-based Energy Efficiency Finance Program |
| geographic_facet |
East Asia Asia China |
| relation |
IEG study series |
| description |
This evaluation assesses the performance
of International Finance Corporations (IFC's) energy
efficiency finance program in China aimed at stimulating
energy efficiency investments through bank guarantees and
technical assistance. The program's significance is
underpinned by the fact that China's size, rapid
economic growth, and inefficiencies in energy use make it
one of the world's largest emitters of carbon dioxide
(CO2.). The utilization of IFC's program has been rapid
compared with other similar programs. The difference made by
the program is traced along the chain of interventions: (i)
at the level of banks, the program is narrowly based on one
of the two partner banks, which, with the help of the
program, expanded its energy efficiency lending as a new
business line; (ii) at the level of energy management
companies, the program's technical assistance improved
the program participants' access to finance; and (iii)
at the end-user level, it promoted the use of energy
efficiency investments that achieved reduction of greenhouse
gas emissions. The evaluation recommends areas of
improvement to realize greater impact. First, the program
needs to emphasize areas where the potential additionality
is high, such as small enterprises. Second, the program
needs to concentrate more on activities that have the
potential to reduce emissions significantly, such as energy
efficiency for buildings. Third, the program's subsidy
elements need to be reoriented to the areas of market
failure, with IFC increasing its coverage of first loss from
its own resources. |
| format |
Publications & Research :: Publication |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
Energy Efficiency Finance :
Assessing the Impact of IFC's China Utility-based
Energy Efficiency Finance Program |
| title_short |
Energy Efficiency Finance :
Assessing the Impact of IFC's China Utility-based
Energy Efficiency Finance Program |
| title_full |
Energy Efficiency Finance :
Assessing the Impact of IFC's China Utility-based
Energy Efficiency Finance Program |
| title_fullStr |
Energy Efficiency Finance :
Assessing the Impact of IFC's China Utility-based
Energy Efficiency Finance Program |
| title_full_unstemmed |
Energy Efficiency Finance :
Assessing the Impact of IFC's China Utility-based
Energy Efficiency Finance Program |
| title_sort |
energy efficiency finance :
assessing the impact of ifc's china utility-based
energy efficiency finance program |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100706060737 http://hdl.handle.net/10986/2480 |
| _version_ |
1764385525255372800 |
| spelling |
okr-10986-24802021-04-23T14:02:02Z Energy Efficiency Finance : Assessing the Impact of IFC's China Utility-based Energy Efficiency Finance Program Independent Evaluation Group ACCESS TO CREDIT ACCESS TO ENERGY ACCESS TO FINANCE ACCESS TO FINANCING ADMINISTRATIVE COSTS ADVANCED TECHNOLOGIES ADVISORY SERVICES AIR ANNUAL EMISSIONS APPROACH AVAILABILITY BALANCE SHEET BANK FINANCING BANK LENDING BANK LOANS BANKS BARRIERS TO ENERGY EFFICIENCY BASES BENEFIT STREAMS BIOMASS BORROWER CALCULATION CALORIFIC VALUE CAPACITY BUILDING CARBON CARBON CONTENT CARBON DIOXIDE CARBON EMISSION CASH FLOWS CEMENT CEMENT PRODUCTION CLEAN DEVELOPMENT MECHANISMS CLEANER ENERGY CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CO CO2 COAL COAL COMBUSTION COAL CONSUMPTION COAL ENERGY COAL PRODUCTION COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COLORS COMMERCIAL BANKS COMMERCIAL ENERGY COMMERCIAL ENERGY EFFICIENCY COST BENEFIT ANALYSIS CREDIT DECISIONS CREDIT LINE CREDIT RISK DEMAND CURVE DEMAND FOR COAL DEMAND FOR ENERGY DEVELOPMENT ASSISTANCE DISCOUNT RATES DOWN MARKET DOWN PAYMENTS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPACTS EFFICIENCY GAINS EFFICIENCY IMPROVEMENT EFFICIENCY IMPROVEMENTS EFFICIENCY POTENTIAL ELECTRICITY ELIGIBILITY CRITERIA EMISSION EMISSION INTENSITY EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTIONS EMISSIONS EMISSIONS INTENSITY ENERGY BALANCE ENERGY CONSERVATION ENERGY CONSUMERS ENERGY CONSUMPTION ENERGY COST SAVINGS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY FINANCE ENERGY EFFICIENCY IMPROVEMENTS ENERGY EFFICIENCY INVESTMENTS ENERGY EFFICIENCY MEASURES ENERGY EFFICIENCY PROGRAMS ENERGY GENERATION ENERGY INDUSTRIES ENERGY INPUT ENERGY INTENSITY ENERGY MANAGEMENT ENERGY POLICY ENERGY PRICES ENERGY PRICING ENERGY SAVINGS ENERGY SAVINGS PERFORMANCE ENERGY SOURCES ENERGY SUPPLY ENERGY USAGE ENERGY USE ENVIRONMENTAL IMPACTS ENVIRONMENTAL SUSTAINABILITY EXPLOSIVE FINANCIAL CRISIS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL RETURN FIXED ASSET FOREIGN EXCHANGE FOSSIL FOSSIL FUEL FOSSIL FUEL USE FOSSIL FUELS FUEL FUEL USE FUNDING SOURCES GAS DISTRIBUTION GAS UTILITIES GAS UTILITY GHG GHGS GLOBAL CLIMATE CHANGE GLOBAL ENVIRONMENT FACILITY GLOBAL WARMING GOVERNMENT INTERVENTION GOVERNMENT POLICIES GOVERNMENT POLICY GREATER ACCESS GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GROSS DOMESTIC PRODUCT GUARANTEE AGENCY HEAT HEAT RECOVERY HEATING SYSTEMS HYDROPOWER IMPROVING ENERGY EFFICIENCY INDUSTRIAL BOILER INDUSTRIAL WASTE INFORMATION GAP INSURANCE INSURANCE PRODUCTS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTMENT OPPORTUNITIES INVESTMENTS IN ENERGY INVESTMENTS IN ENERGY EFFICIENCY IPCC KEY CHALLENGE LACK OF AWARENESS LACK OF CREDIT LENDING PORTFOLIO LIMITED ACCESS LIMITED ACCESS TO FINANCE LOAN LOAN AMOUNT LOAN GUARANTEE LOAN GUARANTEES LOAN PORTFOLIO LOAN PRODUCTS LOAN REPAYMENTS LOAN SIZE MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES METHANE NATURAL GAS NEW BUSINESS NITROGEN NITROGEN OXIDE NITROUS OXIDE OIL OUTREACH PARTICULATE PARTICULATE MATTER PARTNER BANKS PETROLEUM PETROLEUM USE POLICY ENVIRONMENTS POLICY MAKERS POLLUTION PORTFOLIO POWER POWER GENERATION POWER PLANTS PROMOTING ENERGY EFFICIENCY RADIATION RATES OF RETURN REGULATORY FRAMEWORK RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY INDUSTRIES RENEWABLE ENERGY SOURCES RENEWABLE SOURCES RESIDENTIAL HOUSING RETROFITTING RISK AVERSION SMALL ENTERPRISES SOURCE OF ENERGY SPILLOVER EFFECTS SULFUR SUPPLY CURVE SUSTAINABLE ENERGY TECHNICAL ASSISTANCE TONS OF COAL EQUIVALENT TRANSACTION COSTS UNION WIND WIND FARMS WIND SYSTEMS This evaluation assesses the performance of International Finance Corporations (IFC's) energy efficiency finance program in China aimed at stimulating energy efficiency investments through bank guarantees and technical assistance. The program's significance is underpinned by the fact that China's size, rapid economic growth, and inefficiencies in energy use make it one of the world's largest emitters of carbon dioxide (CO2.). The utilization of IFC's program has been rapid compared with other similar programs. The difference made by the program is traced along the chain of interventions: (i) at the level of banks, the program is narrowly based on one of the two partner banks, which, with the help of the program, expanded its energy efficiency lending as a new business line; (ii) at the level of energy management companies, the program's technical assistance improved the program participants' access to finance; and (iii) at the end-user level, it promoted the use of energy efficiency investments that achieved reduction of greenhouse gas emissions. The evaluation recommends areas of improvement to realize greater impact. First, the program needs to emphasize areas where the potential additionality is high, such as small enterprises. Second, the program needs to concentrate more on activities that have the potential to reduce emissions significantly, such as energy efficiency for buildings. Third, the program's subsidy elements need to be reoriented to the areas of market failure, with IFC increasing its coverage of first loss from its own resources. 2012-03-19T09:34:35Z 2012-03-19T09:34:35Z 2010 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100706060737 978-0-8213-8450-3 http://hdl.handle.net/10986/2480 English IEG study series CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication East Asia Asia China |