Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans
An energy efficiency revolving fund (EERF) is a viable option for scaling up energy efficiency (EE) financing in the public sector in the Western Balkans. Under a typical EERF targeting the public sector, loans are provided to public agencies to co...
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| Language: | English en_US |
| Published: |
World Bank Group, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/05/19781937/scaling-up-energy-efficiency-buildings-western-balkans-establishing-operationalizing-energy-efficiency-revolving-fund-guidance-note http://hdl.handle.net/10986/20043 |
| Summary: | An energy efficiency revolving fund
(EERF) is a viable option for scaling up energy efficiency
(EE) financing in the public sector in the Western Balkans.
Under a typical EERF targeting the public sector, loans are
provided to public agencies to cover the initial investment
costs of EE projects; some of the resulting savings are then
used to repay the EERF until the original investment is
recovered, plus interest and service charges. The repayments
can then be used to finance additional projects, thereby
allowing the capital to revolve creating a sustainable
financing mechanism. This guidance note is intended for
government decision makers interested in establishing such
EE revolving funds. It defines the typical structure of such
funds, conditions under which they can be useful and
effective, ways they can address some of the financing
barriers, and implementation options. The note also provides
examples, case studies, and lessons learned, and a
'road map' for establishing such funds. |
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