Financing Energy Efficiency

Taylor, Robert P.; Govindarajalu, Chandrasekar; Levin, Jeremy; Meyer, Anke Sofia; Ward, William A.

doi:10.1596/978-0-8213-7304-0

Cited by 75 publications

(16 citation statements)

References 14 publications

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“…The lack of available financial resources for EE projects is often not only due to a shortage of funds. Rather, the core of the problem is to be found in the intricate mix of high risk perception, high transaction costs and "difficulties in structuring workable contracts for preparing, financing, and implementing EE investments (Taylor et al, 2008)". In developing countries, the problem is often not a general shortage of funds, but the lack of available funds at the local level (ESMAP, 2006).…”

Section: Financing Precedentsmentioning

confidence: 99%

“…Luckily, the economics of investments aimed at improving EE are attractive. Still, in most case such potential remains largely untapped in both OECD and developing countries (see e.g., Worrell et al, 2001b;Taylor et al, 2008;UNIDO, 2011).…”

Section: Profitabilitymentioning

confidence: 99%

“…Taylor et al (2008) found that more than four fifths of 455 World Bank-financed projects in 11 developing countries had payback periods of less than 30 months. Farrell and Remes (2009) estimate that lower-income economies could slow the annual growth of their energy demand from 3.4% to 1.4% by 2020.…”

Section: Profitabilitymentioning

confidence: 99%

“…These are usually facilitated by national and international development finance institutions to fill the financing gap in new, immature markets 3 . In developing countries, this lending might be required to finance relatively low-cost measures such as the implementation of Energy Management Systems (EnMS) or those resulting from the improvement of operational practices (McKane et al, 2007;Taylor et al, 2008;UNIDO, 2011).…”

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confidence: 99%

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Return on investment from industrial energy efficiency: evidence from developing countries

et al. 2013

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Energy efficiency is a foundation of any good energy policy. The economic, security, and environmental benefits of energy efficiency have been recognized for decades. We explore energy efficiency policy insights derived from survey work in developing countries in 119 projects across nine manufacturing sub-sectors. The methodology utilises financial return calculations to highlight gaps and opportunities for meeting the potential of energy efficiency projects in the manufacturing sector. We find a generally very high level of internal rates of return at a project level -with payback periods ranging from 0.9 to 2.9 years; but note that these metrics do not always appropriately influence corporate decision-making for a number of well-understood reasons. United Nations Industrial Development Organization, Vienna, Austria Abstract: Energy efficiency is a foundation of any good energy policy. The economic, security, and environmental benefits of energy efficiency have been recognized for decades. We explore energy efficiency policy insights derived from survey work in developing countries in 119 projects across nine manufacturing sub-sectors. The methodology utilises financial return calculations to highlight gaps and opportunities for meeting the potential of energy efficiency projects in the manufacturing sector. We find a generally very high level of internal rates of return at a project level -with payback periods ranging from 0.9 to 2.9 years; but note that these metrics do not always appropriately influence corporate decision-making for a number of well-understood reasons. Keywords

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Section: Financing Precedentsmentioning

confidence: 99%

Section: Profitabilitymentioning

confidence: 99%

Section: Profitabilitymentioning

confidence: 99%

mentioning

confidence: 99%

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Return on investment from industrial energy efficiency: evidence from developing countries

et al. 2013

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“…In Brazil, the power regulatory authority, ANEEL, has since 1998 mandated utilities to invest at least 0.5 percent of their net revenues in energy-efficiency programs (Taylor et al, 2008). Program costs are funded through a wire charge.…”

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confidence: 99%

A Global Review of Incentive Programs to Accelerate Energy-Efficient Appliances and Equipment

de la Rue du Can, Stephane,

Phadke,

Leventis

et al. 2013

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Incentive programs are an essential policy tool to move the market toward energy-efficient products. They offer a favorable complement to mandatory standards and labeling policies by accelerating the market penetration of energy-efficient products above equipment standard requirements and by preparing the market for increased future mandatory requirements. They sway purchase decisions and in some cases production decisions and retail stocking decisions toward energy-efficient products. Incentive programs are structured according to their regulatory environment, the way they are financed, by how the incentive is targeted, and by who administers them. This report categorizes the main elements of incentive programs, using case studies from the Major Economies Forum to illustrate their characteristics. To inform future policy and program design, it seeks to recognize design advantages and disadvantages through a qualitative overview of the variety of programs in use around the globe. Examples range from rebate programs administered by utilities under an Energy-Efficiency Resource Standards (EERS) regulatory framework (California, USA) to the distribution of Eco-Points that reward customers for buying efficient appliances under a government recovery program (Japan). We found that evaluations have demonstrated that financial incentives programs have greater impact when they target highly efficient technologies that have a small market share. We also found that the benefits and drawbacks of different program design aspects depend on the market barriers addressed, the target equipment, and the local market context and that no program design surpasses the others. The key to successful program design and implementation is a thorough understanding of the market and effective identification of the most important local factors hindering the penetration of energy-efficient technologies.

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China's approaches to financing sustainable development: policies, practices, and issues

Shen

Wang²,

et al. 2013

WIREs Energy & Environment

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To curb the country's energy use and decarbonize its energy supply, China invested heavily in energy efficiency and clean energy in the past 5 years. China's investment in clean energy surpassed the amount invested during any previous Five‐Year Plan period and made China the global leader in clean energy investment. The investment potential in clean energy is, however, far from being achieved in China. There are several barriers that are hindering China's ability to meet the demands for financing clean energy development. This paper reviews China's recent efforts in financing clean energy. It first reviews policies for facilitating green investments. It then describes the types and areas of green investments and activities carried out to date in China with regard to clean energy financing. A discussion follows examining key barriers to achieving investment potentials in China. The paper concludes with some recommendations for China to scale‐up investments in sustainable development. This article is categorized under: Energy Efficiency > Economics and Policy Energy and Climate > Economics and Policy Energy Policy and Planning > Economics and Policy

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Financing Energy Efficiency

Cited by 75 publications

References 14 publications

Return on investment from industrial energy efficiency: evidence from developing countries

Return on investment from industrial energy efficiency: evidence from developing countries

A Global Review of Incentive Programs to Accelerate Energy-Efficient Appliances and Equipment

China's approaches to financing sustainable development: policies, practices, and issues

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