Financing energy efficiency in developing countries—lessons learned and remaining challenges
By A. Sarkar, Jasneet Singh. 2010
191 citations recorded by the source corpus.
Although energy efficiency implementation is increasingly being recognized by policymakers worldwide as one of the most effective means to mitigating rising energy prices, tackling potential environmental risks, and enhancing energy security, mainstreaming its financing in developing country markets continues to be a challenge. Experience shows that converting cost-effective energy savings potential, particularly the demand-side improvement opportunities across sectors, into investments face many barriers and unforeseen transaction costs. This paper draws upon selected experiences with financing energy efficiency in developing countries to explore the key factors of various programmatic approaches and financing instruments that have been applied successfully for delivering energy efficiency solutions. Through case studies, a diverse range of institutional issues are examined related to the identification, packaging, designing, and monitoring approaches that have been used to catalyze traditional and innovative financing of energy efficiency projects. With adequate liquidity in major developing country markets and availability of modern energy savings technologies, it is often the institutional issues that become a key challenge to address in order to finance and implement robust programs. As further operational experience is gained, increased knowledge sharing can lead to scaling-up of such energy efficiency investments. The paper concludes with some ideas for accelerating implementation.
Subfields: Electrical and Electronic Engineering, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/6d4fcb5f4b9b5aca4e2ba9901b9982fc2f4f8c45
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In Electrical and Electronic Engineering
In Renewable Energy, Sustainability and the Environment
Citations in the corpus
- Design of incentive programs for accelerating penetration of energy-efficient appliances (2014, background): “, 1996), in Europe (BPIE, 2012; Vine, 1996), and, to some extent, internationally (Hilke and Ryan, 2012; Sarkar and Singh, 2010; Birner and Martinot, 2005).”
- Blockchain technology: implications for operations and supply chain management (2019, background): “There may be an expectation that preferential financing, subsidies and tax incentives will be targeted at organisations that can verify their claims about transparency and sustainability, as has been previously seen for carbon financing (Antle and Diagana, 2003; Sarkar and Singh, 2010).”
- Capturing the Multiple Benefits of Energy Efficiency Investments (2015, background): “The success factor to these programs is to provide the participating institutions i.e. banks with clear incentives to actively participate and to demonstrate the viability of this market (Sarkar & Singh, 2010).”