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by: World Bank
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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.
- Shipping Weight: 0.6 lbs (0.27 kgs)
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