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Financing Energy Efficiency : Lessons from Brazil, China, India, and Beyond

Author

Listed:
  • Robert P. Taylor
  • Chandrasekar Govindarajalu
  • Jeremy Levin
  • Anke S. Meyer
  • William A. Ward

Abstract

Energy for heating, cooling, lighting, mechanical power, and various chemical processes is a fundamental requirement for both daily life and economic development. The negative impact on the environment of current energy systems is increasingly alarming, especially the global warming consequences of burning fossil fuels. The future requires change through the development and adoption of new supply technologies, through a successful search for new, less resource-intensive paths of economic development, and through adoption of energy. Greater energy efficiency is key for shifting country development paths toward lower-carbon economic growth. Especially in developing countries and transition economies, vast potential for energy savings opportunities remain unrealized even though current financial returns are strong. Activities included specialized technical assistance, training, and applied research covering the four primary areas of country interest: (a) development of commercial banking windows for energy efficiency; (b) support for developing energy service companies (ESCOs); (c) guarantee funds for energy efficiency investment financing; and (d) equity funding for ESCOs or energy efficiency projects. One clear message from the experience of the three country Energy Efficiency Project is the importance of establishing and maintaining practical, operationally focused dialogue between the banking community and the energy efficiency practitioner community.

Suggested Citation

  • Robert P. Taylor & Chandrasekar Govindarajalu & Jeremy Levin & Anke S. Meyer & William A. Ward, 2008. "Financing Energy Efficiency : Lessons from Brazil, China, India, and Beyond," World Bank Publications, The World Bank, number 6349, July.
  • Handle: RePEc:wbk:wbpubs:6349
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6349/425290PUB0ISBN11OFFICIAL0USE0ONLY10.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Independent Evaluation Group, 2010. "Climate Change and the World Bank Group : Phase II - The Challenge of Low-Carbon Development," World Bank Publications, The World Bank, number 2548, July.
    2. World Bank, 2015. "India," World Bank Other Operational Studies 22275, The World Bank.
    3. Sousa, José Luís & Martins, António Gomes & Jorge, Humberto, 2013. "Dealing with the paradox of energy efficiency promotion by electric utilities," Energy, Elsevier, vol. 57(C), pages 251-258.
    4. World Bank, 2009. "Mexico - Low-Carbon Development : Main Report," World Bank Other Operational Studies 3124, The World Bank.
    5. WenShwo Fang & Stephen M. Miller, 2013. "The effect of ESCO s on carbon dioxide emissions," Applied Economics, Taylor & Francis Journals, vol. 45(34), pages 4796-4804, December.
    6. de la Rue du Can, Stephane & Leventis, Greg & Phadke, Amol & Gopal, Anand, 2014. "Design of incentive programs for accelerating penetration of energy-efficient appliances," Energy Policy, Elsevier, vol. 72(C), pages 56-66.
    7. Fang, Wen Shwo & Miller, Stephen M. & Yeh, Chih-Chuan, 2012. "The effect of ESCOs on energy use," Energy Policy, Elsevier, vol. 51(C), pages 558-568.
    8. Asian Development Bank (ADB), 2013. "Same Energy, More power: Accelerating Energy Efficiency in Asia," ADB Reports RPT135828-3, Asian Development Bank (ADB), revised 05 Feb 2014.
    9. Xu, Pengpeng & Chan, Edwin Hon-Wan & Qian, Queena Kun, 2011. "Success factors of energy performance contracting (EPC) for sustainable building energy efficiency retrofit (BEER) of hotel buildings in China," Energy Policy, Elsevier, vol. 39(11), pages 7389-7398.
    10. Nicholas Tatrallyay & Martin Stadelmann, 2013. "Climate change mitigation and international finance: the effectiveness of the Clean Development Mechanism and the Global Environment Facility in India and Brazil," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(7), pages 903-919, October.
    11. Nadia S. Ouedraogo, 2017. "Modeling sustainable long-term electricity supply–demand in Africa," WIDER Working Paper Series 023, World Institute for Development Economic Research (UNU-WIDER).
    12. repec:gam:jeners:v:10:y:2017:i:8:p:1172-:d:107696 is not listed on IDEAS
    13. Robert Dixon & Richard Scheer & Gareth Williams, 2011. "Sustainable energy investments: contributions of the Global Environment Facility," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 16(1), pages 83-102, January.
    14. repec:wsi:ccexxx:v:01:y:2010:i:03:n:s2010007810000133 is not listed on IDEAS
    15. Harinder Kohli & Anil Sood (ed.), 2010. "India 2039: An Affluent Society in One Generation," Books, Emerging Markets Forum, edition 1, number india2039, August.
    16. Ludovico Alcorta & Morgan Bazilian & Giuseppe De Simone & Ascha Pedersen, 2012. "Return on Investment from Industrial Energy Efficiency: Evidence from Developing Countries," Working Papers 2012.35, Fondazione Eni Enrico Mattei.
    17. Xiaodong Wang & Noureddine Berrah & Subodh Mathur & Ferdinand Vinuya, 2010. "Winds of Change : East Asia's Sustainable Energy Future," World Bank Publications, The World Bank, number 2483, July.
    18. Sousa, José L. & Martins, António G. & Jorge, Humberto M., 2013. "World-wide non-mandatory involvement of electricity utilities in the promotion of energy efficiency and the Portuguese experience," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 319-331.
    19. Garbuzova-Schlifter, Maria & Madlener, Reinhard, 2016. "AHP-based risk analysis of energy performance contracting projects in Russia," Energy Policy, Elsevier, vol. 97(C), pages 559-581.
    20. Todd M. Johnson & Claudio Alatorre & Zayra Romo & Feng Liu, 2010. "Low-Carbon Development for Mexico," World Bank Publications, The World Bank, number 2398, July.
    21. World Bank, 2011. "Energy Intensive Sectors of the Indian Economy : Path to Low Carbon Development," World Bank Other Operational Studies 2798, The World Bank.

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