eBook

Energy efficiency finance : assessing the impact of IFC's China Utility-Based Energy Efficiency Finance Program

International Finance Corporation, World Bank. Independent Evaluation Group, Multilateral Investment Guarantee Agency

2010

Overview

This evaluation assesses the performance of IFC’s energy efficiency finance program in China aimed at stimulating energy efficiency investments through bank guarantees and technical assistance. 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 utilization of IFC’s program has been rapid compared with other similar programs. The energy efficiency investments supported by the program have reduced greenhouse gas emissions by 14 million CO2 tons per year, slightly in excess of the target set at the beginning of the program. However, there is only a weak differentiation in behavior surrounding energy efficiency investment between end users supported by the program and other similar companies that were not. It is important to note that the performance of the program was heavily influenced by the government’s policy actions and the earlier efforts of other players: The Chinese government and other players such as the World Bank. The CHUEE program, relying mainly on commercial funding through IFC’s guarantees, builds on these efforts.

• Publisher: World Bank,World Bank Publications,The World Bank,Washington, DC: World Bank
• Subject: 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 / China / CLEAN DEVELOPMENT MECHANISMS / CLEANER ENERGY / CLIMATE / CLIMATE CHANGE / CLIMATE CHANGE MITIGATION / CLIMATE POLICY / 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 / Energieeinsparung / ENERGY BALANCE / ENERGY CONSERVATION / ENERGY CONSUMERS / ENERGY CONSUMPTION / Energy consumption -- China / 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 industries -- Capital investments -- China / Energy industries -- China -- Finance / Energy industries -- Environmental aspects -- China / Energy industry / ENERGY INPUT / ENERGY INTENSITY / ENERGY MANAGEMENT / ENERGY POLICY / Energy policy -- China / ENERGY PRICES / ENERGY PRICING / ENERGY SAVINGS / ENERGY SAVINGS PERFORMANCE / ENERGY SOURCES / ENERGY SUPPLY / ENERGY USAGE / ENERGY USE / ENVIRONMENTAL IMPACTS / ENVIRONMENTAL SUSTAINABILITY / Evaluation / EXPLOSIVE / Finance / FINANCIAL CRISIS / FINANCIAL INCENTIVES / FINANCIAL INSTITUTIONS / FINANCIAL INSTRUMENTS / FINANCIAL INTERMEDIARIES / FINANCIAL INTERMEDIARY / FINANCIAL MARKETS / FINANCIAL RETURN / Finanzierung / 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 / Greenhouse gas mitigation -- China / 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 / International Finance Corporation -- Evaluation / Investment / 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 / Technical assistance -- China -- Evaluation / Technical cooperation / TONS OF COAL EQUIVALENT / TRANSACTION COSTS / UNION / WIND / WIND FARMS / WIND SYSTEMS
• ISBN: 9780821384503, 0821384503