The Philippines : Options for FInancing Energy Efficiency in Public Buildings
The primary objective of this project was to identify options for addressing barriers to financing, for scaling up EE implementation in public buildings in the Philippines. Section two of this report provides a summary of the available data on publ...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/498971521603027987/The-Philippines-Options-for-financing-energy-efficiency-in-public-buildings http://hdl.handle.net/10986/29615 |
| Summary: | The primary objective of this project
was to identify options for addressing barriers to
financing, for scaling up EE implementation in public
buildings in the Philippines. Section two of this report
provides a summary of the available data on public
buildings, including the energy consumption characteristics
of government buildings and facilities, estimates of the
potential for energy savings, and investments needed.
Section three discusses some of the barriers to financing EE
that has been seen in other countries, and summarizes such
barriers in the public sector in the Philippines, including
legal and regulatory barriers; lack of access to commercial
financing; institutional barriers; and limited
implementation capacity. Section four provides information
about international experience in the financing of public
sector EE projects. It includes a review of six different
financing mechanisms: budget financing; EE revolving funds;
dedicated EE credit lines; risk-sharing programs; public or
super ESCOs; and commercial financing using ESCOs and
performance contracting. It also presents a comparative
assessment of the key characteristics of each of these
financing options. Section five identifies three options
that are considered appropriate for implementation in the
Philippines, budget financing, an EE revolving fund, and a
public or super ESCO, and provides detailed information on
each. It also presents information on the potential role of
international financial institutions in providing
complementary financial and technical assistance. Section
six summarizes the advantages and limitations of the three
proposed financing options; presents the World Bank’s
recommendations; and provides guidance on moving forward
with the development of a national program. |
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