Energy Efficiency Finance :
            Assessing the Impact of IFC's China Utility-based
            Energy Efficiency Finance Program

Independent Evaluation Group

dc.creator	Independent Evaluation Group
dc.date	2012-03-19T09:34:35Z
dc.date	2012-03-19T09:34:35Z
dc.date	2010
dc.date.accessioned	2023-02-17T20:37:13Z
dc.date.available	2023-02-17T20:37:13Z
dc.identifier	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
dc.identifier	978-0-8213-8450-3
dc.identifier	http://hdl.handle.net/10986/2480
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242909
dc.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.
dc.language	English
dc.publisher	Washington, DC: World Bank
dc.relation	IEG study series
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO CREDIT
dc.subject	ACCESS TO ENERGY
dc.subject	ACCESS TO FINANCE
dc.subject	ACCESS TO FINANCING
dc.subject	ADMINISTRATIVE COSTS
dc.subject	ADVANCED TECHNOLOGIES
dc.subject	ADVISORY SERVICES
dc.subject	AIR
dc.subject	ANNUAL EMISSIONS
dc.subject	APPROACH
dc.subject	AVAILABILITY
dc.subject	BALANCE SHEET
dc.subject	BANK FINANCING
dc.subject	BANK LENDING
dc.subject	BANK LOANS
dc.subject	BANKS
dc.subject	BARRIERS TO ENERGY EFFICIENCY
dc.subject	BASES
dc.subject	BENEFIT STREAMS
dc.subject	BIOMASS
dc.subject	BORROWER
dc.subject	CALCULATION
dc.subject	CALORIFIC VALUE
dc.subject	CAPACITY BUILDING
dc.subject	CARBON
dc.subject	CARBON CONTENT
dc.subject	CARBON DIOXIDE
dc.subject	CARBON EMISSION
dc.subject	CASH FLOWS
dc.subject	CEMENT
dc.subject	CEMENT PRODUCTION
dc.subject	CLEAN DEVELOPMENT MECHANISMS
dc.subject	CLEANER ENERGY
dc.subject	CLIMATE
dc.subject	CLIMATE CHANGE
dc.subject	CLIMATE CHANGE MITIGATION
dc.subject	CLIMATE POLICY
dc.subject	CO
dc.subject	CO2
dc.subject	COAL
dc.subject	COAL COMBUSTION
dc.subject	COAL CONSUMPTION
dc.subject	COAL ENERGY
dc.subject	COAL PRODUCTION
dc.subject	COGENERATION
dc.subject	COLLATERAL
dc.subject	COLLATERAL REQUIREMENTS
dc.subject	COLORS
dc.subject	COMMERCIAL BANKS
dc.subject	COMMERCIAL ENERGY
dc.subject	COMMERCIAL ENERGY EFFICIENCY
dc.subject	COST BENEFIT ANALYSIS
dc.subject	CREDIT DECISIONS
dc.subject	CREDIT LINE
dc.subject	CREDIT RISK
dc.subject	DEMAND CURVE
dc.subject	DEMAND FOR COAL
dc.subject	DEMAND FOR ENERGY
dc.subject	DEVELOPMENT ASSISTANCE
dc.subject	DISCOUNT RATES
dc.subject	DOWN MARKET
dc.subject	DOWN PAYMENTS
dc.subject	ECONOMIC BENEFITS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC IMPACTS
dc.subject	EFFICIENCY GAINS
dc.subject	EFFICIENCY IMPROVEMENT
dc.subject	EFFICIENCY IMPROVEMENTS
dc.subject	EFFICIENCY POTENTIAL
dc.subject	ELECTRICITY
dc.subject	ELIGIBILITY CRITERIA
dc.subject	EMISSION
dc.subject	EMISSION INTENSITY
dc.subject	EMISSION REDUCTION
dc.subject	EMISSION REDUCTION TARGETS
dc.subject	EMISSION REDUCTIONS
dc.subject	EMISSIONS
dc.subject	EMISSIONS INTENSITY
dc.subject	ENERGY BALANCE
dc.subject	ENERGY CONSERVATION
dc.subject	ENERGY CONSUMERS
dc.subject	ENERGY CONSUMPTION
dc.subject	ENERGY COST SAVINGS
dc.subject	ENERGY DEMAND
dc.subject	ENERGY EFFICIENCY
dc.subject	ENERGY EFFICIENCY FINANCE
dc.subject	ENERGY EFFICIENCY IMPROVEMENTS
dc.subject	ENERGY EFFICIENCY INVESTMENTS
dc.subject	ENERGY EFFICIENCY MEASURES
dc.subject	ENERGY EFFICIENCY PROGRAMS
dc.subject	ENERGY GENERATION
dc.subject	ENERGY INDUSTRIES
dc.subject	ENERGY INPUT
dc.subject	ENERGY INTENSITY
dc.subject	ENERGY MANAGEMENT
dc.subject	ENERGY POLICY
dc.subject	ENERGY PRICES
dc.subject	ENERGY PRICING
dc.subject	ENERGY SAVINGS
dc.subject	ENERGY SAVINGS PERFORMANCE
dc.subject	ENERGY SOURCES
dc.subject	ENERGY SUPPLY
dc.subject	ENERGY USAGE
dc.subject	ENERGY USE
dc.subject	ENVIRONMENTAL IMPACTS
dc.subject	ENVIRONMENTAL SUSTAINABILITY
dc.subject	EXPLOSIVE
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INCENTIVES
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INSTRUMENTS
dc.subject	FINANCIAL INTERMEDIARIES
dc.subject	FINANCIAL INTERMEDIARY
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL RETURN
dc.subject	FIXED ASSET
dc.subject	FOREIGN EXCHANGE
dc.subject	FOSSIL
dc.subject	FOSSIL FUEL
dc.subject	FOSSIL FUEL USE
dc.subject	FOSSIL FUELS
dc.subject	FUEL
dc.subject	FUEL USE
dc.subject	FUNDING SOURCES
dc.subject	GAS DISTRIBUTION
dc.subject	GAS UTILITIES
dc.subject	GAS UTILITY
dc.subject	GHG
dc.subject	GHGS
dc.subject	GLOBAL CLIMATE CHANGE
dc.subject	GLOBAL ENVIRONMENT FACILITY
dc.subject	GLOBAL WARMING
dc.subject	GOVERNMENT INTERVENTION
dc.subject	GOVERNMENT POLICIES
dc.subject	GOVERNMENT POLICY
dc.subject	GREATER ACCESS
dc.subject	GREENHOUSE
dc.subject	GREENHOUSE GAS
dc.subject	GREENHOUSE GAS EMISSION
dc.subject	GREENHOUSE GAS EMISSIONS
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GUARANTEE AGENCY
dc.subject	HEAT
dc.subject	HEAT RECOVERY
dc.subject	HEATING SYSTEMS
dc.subject	HYDROPOWER
dc.subject	IMPROVING ENERGY EFFICIENCY
dc.subject	INDUSTRIAL BOILER
dc.subject	INDUSTRIAL WASTE
dc.subject	INFORMATION GAP
dc.subject	INSURANCE
dc.subject	INSURANCE PRODUCTS
dc.subject	INTEREST RATE
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL FINANCE
dc.subject	INVESTMENT OPPORTUNITIES
dc.subject	INVESTMENTS IN ENERGY
dc.subject	INVESTMENTS IN ENERGY EFFICIENCY
dc.subject	IPCC
dc.subject	KEY CHALLENGE
dc.subject	LACK OF AWARENESS
dc.subject	LACK OF CREDIT
dc.subject	LENDING PORTFOLIO
dc.subject	LIMITED ACCESS
dc.subject	LIMITED ACCESS TO FINANCE
dc.subject	LOAN
dc.subject	LOAN AMOUNT
dc.subject	LOAN GUARANTEE
dc.subject	LOAN GUARANTEES
dc.subject	LOAN PORTFOLIO
dc.subject	LOAN PRODUCTS
dc.subject	LOAN REPAYMENTS
dc.subject	LOAN SIZE
dc.subject	MARKET DEVELOPMENT
dc.subject	MARKET FAILURE
dc.subject	MARKET FAILURES
dc.subject	METHANE
dc.subject	NATURAL GAS
dc.subject	NEW BUSINESS
dc.subject	NITROGEN
dc.subject	NITROGEN OXIDE
dc.subject	NITROUS OXIDE
dc.subject	OIL
dc.subject	OUTREACH
dc.subject	PARTICULATE
dc.subject	PARTICULATE MATTER
dc.subject	PARTNER BANKS
dc.subject	PETROLEUM
dc.subject	PETROLEUM USE
dc.subject	POLICY ENVIRONMENTS
dc.subject	POLICY MAKERS
dc.subject	POLLUTION
dc.subject	PORTFOLIO
dc.subject	POWER
dc.subject	POWER GENERATION
dc.subject	POWER PLANTS
dc.subject	PROMOTING ENERGY EFFICIENCY
dc.subject	RADIATION
dc.subject	RATES OF RETURN
dc.subject	REGULATORY FRAMEWORK
dc.subject	RENEWABLE ENERGIES
dc.subject	RENEWABLE ENERGY
dc.subject	RENEWABLE ENERGY INDUSTRIES
dc.subject	RENEWABLE ENERGY SOURCES
dc.subject	RENEWABLE SOURCES
dc.subject	RESIDENTIAL HOUSING
dc.subject	RETROFITTING
dc.subject	RISK AVERSION
dc.subject	SMALL ENTERPRISES
dc.subject	SOURCE OF ENERGY
dc.subject	SPILLOVER EFFECTS
dc.subject	SULFUR
dc.subject	SUPPLY CURVE
dc.subject	SUSTAINABLE ENERGY
dc.subject	TECHNICAL ASSISTANCE
dc.subject	TONS OF COAL EQUIVALENT
dc.subject	TRANSACTION COSTS
dc.subject	UNION
dc.subject	WIND
dc.subject	WIND FARMS
dc.subject	WIND SYSTEMS
dc.title	Energy Efficiency Finance : Assessing the Impact of IFC's China Utility-based Energy Efficiency Finance Program
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication
dc.coverage	East Asia
dc.coverage	Asia
dc.coverage	China