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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| Format: | Working Paper |
| Language: | English en_US |
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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 |
| id |
okr-10986-20043 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO FINANCING ACCOUNTING ADMINISTRATIVE COSTS APPLICATION PROCEDURES APPROACH ASSET VALUE AVAILABILITY BALANCE BANK GUARANTEES BANK LENDING BANK LOANS BOILER BOILERS BORROWER BORROWING BUDGETING BURNERS BUSINESS PLANS CAPACITY BUILDING CAPITAL BASE CARBON EMISSIONS CASH FLOWS CLEAN ENERGY CLIMATE CHANGE COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMERCIAL CONTRACTS COMMERCIAL LENDING COMMERCIAL LOANS COMPETITIVE BIDDING CREDIT ANALYSIS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT MARKET CREDIT MARKET ACCESS CREDIT MARKETS CREDIT RISK CREDITOR CREDITS CREDITWORTHINESS DEBT DEBT CAPACITY DEBT FINANCING DEBTOR DEFAULTS DEVELOPING COUNTRIES DEVELOPMENT BANK DISBURSEMENT DISBURSEMENTS DISTRICT HEATING DUE DILIGENCE ECONOMIC GROWTH EFFICIENT LIGHTING ELECTRICITY ELECTRICITY SALES ELECTRICITY USAGE ELIGIBILITY CRITERIA EMISSIONS EMPLOYEE ENERGY BILLS ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY COST SAVINGS ENERGY COSTS ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY GENERATION ENERGY PRICES ENERGY PRICING ENERGY SAVINGS ENERGY SUPPLY ENERGY USE ENVIRONMENTAL PROTECTION EQUIPMENT EQUIPMENT COSTS EQUITY CONTRIBUTION ESCROW ESCROW ACCOUNT ESP FINANCES FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL SAVINGS FINANCIAL SELF-SUFFICIENCY FINANCIAL SUPPORT FINANCING FACILITY FISCAL DECENTRALIZATION FREE CAPITAL FREE LOAN FUND MANAGEMENT FUND MANAGER FUNDING SOURCES GOVERNMENT BUDGET GRANT FUNDING GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES GRID RENEWABLE ENERGY GUARANTEE FUNDS GUARANTEE PRODUCTS GUARANTOR HEAT HEAT METERING HEAT METERS HEAT RECOVERY HEAT RECOVERY SYSTEMS HEATING SYSTEMS HEAVY RELIANCE HIGH INTEREST RATES HOLDING HOMEOWNER IMPROVING ENERGY EFFICIENCY INITIAL FUNDING INITIAL INVESTMENT INSURANCE INTEREST PAYMENTS INTERNAL FUNDS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT STRATEGY INVESTMENT VOLUME KEY CHALLENGES KILOWATT-HOUR LEGAL FRAMEWORK LENDER LENDERS LEVIES LIABILITY LIMITED BORROWING CAPACITY LOAN LOAN AGREEMENTS LOAN COMMITMENTS LOAN CONTRACT LOAN CONTRACTS LOAN DEFAULT LOAN FUNDS LOAN PORTFOLIO LOAN REPAYMENT LOAN REPAYMENTS LOAN SIZE LOAN TERMS LOAN VOLUME LOCAL BANKS LOCAL GOVERNMENTS LONG-TERM INTEREST MARKET CONDITIONS MARKET DEVELOPMENT MARKETING STRATEGY MATCHING FUNDS MAXIMUM LOAN AMOUNTS MORTGAGE MUNICIPAL CREDIT NON-PERFORMING LOANS OIL OIL EQUIVALENT OLD ENERGY OPERATING COSTS OUTSTANDING BALANCES PARTIAL CREDIT PERFORMANCE RISKS PETROLEUM PIPELINE PLEDGES PORTFOLIO MANAGEMENT PORTFOLIOS POWER POWER GENERATION PRIVATE FINANCE PRIVATE FUND PRIVATIZATION PUBLIC ASSETS PUBLIC BUDGET PUBLIC DEBT PUBLIC FACILITIES PUBLIC FUNDS PUBLIC-PRIVATE PARTNERSHIP RATES OF RETURN RECEIPTS RENEWABLE ENERGY RENEWABLE ENERGY GENERATION RENEWABLE RESOURCES RENEWABLE SOURCES REPAYMENT REPAYMENT PERFORMANCE REPAYMENT PERIOD REPAYMENT PERIODS REPAYMENT RISK REPAYMENT RISKS REPAYMENT SCHEDULE REPAYMENTS RESERVE REVENUE BONDS REVOLVING FUND REVOLVING FUNDS RISK SHARING SAVINGS SAVINGS INSTRUMENTS SPECIAL PLEDGES START-UP SUSTAINABLE ENERGY TAX TAX COLLECTIONS TECHNICAL ASSISTANCE TONS OF CARBON TRANCHES TRANSACTION TRANSACTION COSTS TRUST FUND TRUSTEES UNION UTILITIES UTILITY BILLS |
| spellingShingle |
ACCESS TO FINANCING ACCOUNTING ADMINISTRATIVE COSTS APPLICATION PROCEDURES APPROACH ASSET VALUE AVAILABILITY BALANCE BANK GUARANTEES BANK LENDING BANK LOANS BOILER BOILERS BORROWER BORROWING BUDGETING BURNERS BUSINESS PLANS CAPACITY BUILDING CAPITAL BASE CARBON EMISSIONS CASH FLOWS CLEAN ENERGY CLIMATE CHANGE COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMERCIAL CONTRACTS COMMERCIAL LENDING COMMERCIAL LOANS COMPETITIVE BIDDING CREDIT ANALYSIS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT MARKET CREDIT MARKET ACCESS CREDIT MARKETS CREDIT RISK CREDITOR CREDITS CREDITWORTHINESS DEBT DEBT CAPACITY DEBT FINANCING DEBTOR DEFAULTS DEVELOPING COUNTRIES DEVELOPMENT BANK DISBURSEMENT DISBURSEMENTS DISTRICT HEATING DUE DILIGENCE ECONOMIC GROWTH EFFICIENT LIGHTING ELECTRICITY ELECTRICITY SALES ELECTRICITY USAGE ELIGIBILITY CRITERIA EMISSIONS EMPLOYEE ENERGY BILLS ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY COST SAVINGS ENERGY COSTS ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY GENERATION ENERGY PRICES ENERGY PRICING ENERGY SAVINGS ENERGY SUPPLY ENERGY USE ENVIRONMENTAL PROTECTION EQUIPMENT EQUIPMENT COSTS EQUITY CONTRIBUTION ESCROW ESCROW ACCOUNT ESP FINANCES FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL SAVINGS FINANCIAL SELF-SUFFICIENCY FINANCIAL SUPPORT FINANCING FACILITY FISCAL DECENTRALIZATION FREE CAPITAL FREE LOAN FUND MANAGEMENT FUND MANAGER FUNDING SOURCES GOVERNMENT BUDGET GRANT FUNDING GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES GRID RENEWABLE ENERGY GUARANTEE FUNDS GUARANTEE PRODUCTS GUARANTOR HEAT HEAT METERING HEAT METERS HEAT RECOVERY HEAT RECOVERY SYSTEMS HEATING SYSTEMS HEAVY RELIANCE HIGH INTEREST RATES HOLDING HOMEOWNER IMPROVING ENERGY EFFICIENCY INITIAL FUNDING INITIAL INVESTMENT INSURANCE INTEREST PAYMENTS INTERNAL FUNDS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT STRATEGY INVESTMENT VOLUME KEY CHALLENGES KILOWATT-HOUR LEGAL FRAMEWORK LENDER LENDERS LEVIES LIABILITY LIMITED BORROWING CAPACITY LOAN LOAN AGREEMENTS LOAN COMMITMENTS LOAN CONTRACT LOAN CONTRACTS LOAN DEFAULT LOAN FUNDS LOAN PORTFOLIO LOAN REPAYMENT LOAN REPAYMENTS LOAN SIZE LOAN TERMS LOAN VOLUME LOCAL BANKS LOCAL GOVERNMENTS LONG-TERM INTEREST MARKET CONDITIONS MARKET DEVELOPMENT MARKETING STRATEGY MATCHING FUNDS MAXIMUM LOAN AMOUNTS MORTGAGE MUNICIPAL CREDIT NON-PERFORMING LOANS OIL OIL EQUIVALENT OLD ENERGY OPERATING COSTS OUTSTANDING BALANCES PARTIAL CREDIT PERFORMANCE RISKS PETROLEUM PIPELINE PLEDGES PORTFOLIO MANAGEMENT PORTFOLIOS POWER POWER GENERATION PRIVATE FINANCE PRIVATE FUND PRIVATIZATION PUBLIC ASSETS PUBLIC BUDGET PUBLIC DEBT PUBLIC FACILITIES PUBLIC FUNDS PUBLIC-PRIVATE PARTNERSHIP RATES OF RETURN RECEIPTS RENEWABLE ENERGY RENEWABLE ENERGY GENERATION RENEWABLE RESOURCES RENEWABLE SOURCES REPAYMENT REPAYMENT PERFORMANCE REPAYMENT PERIOD REPAYMENT PERIODS REPAYMENT RISK REPAYMENT RISKS REPAYMENT SCHEDULE REPAYMENTS RESERVE REVENUE BONDS REVOLVING FUND REVOLVING FUNDS RISK SHARING SAVINGS SAVINGS INSTRUMENTS SPECIAL PLEDGES START-UP SUSTAINABLE ENERGY TAX TAX COLLECTIONS TECHNICAL ASSISTANCE TONS OF CARBON TRANCHES TRANSACTION TRANSACTION COSTS TRUST FUND TRUSTEES UNION UTILITIES UTILITY BILLS Limaye, Dilip Singh, Jas Hofer, Kathrin Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans |
| geographic_facet |
Europe and Central Asia Eastern Europe |
| description |
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. |
| format |
Publications & Research :: Working Paper |
| author |
Limaye, Dilip Singh, Jas Hofer, Kathrin |
| author_facet |
Limaye, Dilip Singh, Jas Hofer, Kathrin |
| author_sort |
Limaye, Dilip |
| title |
Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans |
| title_short |
Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans |
| title_full |
Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans |
| title_fullStr |
Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans |
| title_full_unstemmed |
Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans |
| title_sort |
establishing and operationalizing an energy efficiency revolving fund : scaling up energy efficiency in buildings in the western balkans |
| publisher |
World Bank Group, Washington, DC |
| publishDate |
2014 |
| url |
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 |
| _version_ |
1764444321600241664 |
| spelling |
okr-10986-200432021-04-23T14:03:52Z Establishing and Operationalizing an Energy Efficiency Revolving Fund : Scaling Up Energy Efficiency in Buildings in the Western Balkans Limaye, Dilip Singh, Jas Hofer, Kathrin ACCESS TO FINANCING ACCOUNTING ADMINISTRATIVE COSTS APPLICATION PROCEDURES APPROACH ASSET VALUE AVAILABILITY BALANCE BANK GUARANTEES BANK LENDING BANK LOANS BOILER BOILERS BORROWER BORROWING BUDGETING BURNERS BUSINESS PLANS CAPACITY BUILDING CAPITAL BASE CARBON EMISSIONS CASH FLOWS CLEAN ENERGY CLIMATE CHANGE COGENERATION COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMERCIAL CONTRACTS COMMERCIAL LENDING COMMERCIAL LOANS COMPETITIVE BIDDING CREDIT ANALYSIS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT MARKET CREDIT MARKET ACCESS CREDIT MARKETS CREDIT RISK CREDITOR CREDITS CREDITWORTHINESS DEBT DEBT CAPACITY DEBT FINANCING DEBTOR DEFAULTS DEVELOPING COUNTRIES DEVELOPMENT BANK DISBURSEMENT DISBURSEMENTS DISTRICT HEATING DUE DILIGENCE ECONOMIC GROWTH EFFICIENT LIGHTING ELECTRICITY ELECTRICITY SALES ELECTRICITY USAGE ELIGIBILITY CRITERIA EMISSIONS EMPLOYEE ENERGY BILLS ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY COST SAVINGS ENERGY COSTS ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY GENERATION ENERGY PRICES ENERGY PRICING ENERGY SAVINGS ENERGY SUPPLY ENERGY USE ENVIRONMENTAL PROTECTION EQUIPMENT EQUIPMENT COSTS EQUITY CONTRIBUTION ESCROW ESCROW ACCOUNT ESP FINANCES FINANCIAL ANALYSIS FINANCIAL ASSISTANCE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL SAVINGS FINANCIAL SELF-SUFFICIENCY FINANCIAL SUPPORT FINANCING FACILITY FISCAL DECENTRALIZATION FREE CAPITAL FREE LOAN FUND MANAGEMENT FUND MANAGER FUNDING SOURCES GOVERNMENT BUDGET GRANT FUNDING GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES GRID RENEWABLE ENERGY GUARANTEE FUNDS GUARANTEE PRODUCTS GUARANTOR HEAT HEAT METERING HEAT METERS HEAT RECOVERY HEAT RECOVERY SYSTEMS HEATING SYSTEMS HEAVY RELIANCE HIGH INTEREST RATES HOLDING HOMEOWNER IMPROVING ENERGY EFFICIENCY INITIAL FUNDING INITIAL INVESTMENT INSURANCE INTEREST PAYMENTS INTERNAL FUNDS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT FINANCING INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT STRATEGY INVESTMENT VOLUME KEY CHALLENGES KILOWATT-HOUR LEGAL FRAMEWORK LENDER LENDERS LEVIES LIABILITY LIMITED BORROWING CAPACITY LOAN LOAN AGREEMENTS LOAN COMMITMENTS LOAN CONTRACT LOAN CONTRACTS LOAN DEFAULT LOAN FUNDS LOAN PORTFOLIO LOAN REPAYMENT LOAN REPAYMENTS LOAN SIZE LOAN TERMS LOAN VOLUME LOCAL BANKS LOCAL GOVERNMENTS LONG-TERM INTEREST MARKET CONDITIONS MARKET DEVELOPMENT MARKETING STRATEGY MATCHING FUNDS MAXIMUM LOAN AMOUNTS MORTGAGE MUNICIPAL CREDIT NON-PERFORMING LOANS OIL OIL EQUIVALENT OLD ENERGY OPERATING COSTS OUTSTANDING BALANCES PARTIAL CREDIT PERFORMANCE RISKS PETROLEUM PIPELINE PLEDGES PORTFOLIO MANAGEMENT PORTFOLIOS POWER POWER GENERATION PRIVATE FINANCE PRIVATE FUND PRIVATIZATION PUBLIC ASSETS PUBLIC BUDGET PUBLIC DEBT PUBLIC FACILITIES PUBLIC FUNDS PUBLIC-PRIVATE PARTNERSHIP RATES OF RETURN RECEIPTS RENEWABLE ENERGY RENEWABLE ENERGY GENERATION RENEWABLE RESOURCES RENEWABLE SOURCES REPAYMENT REPAYMENT PERFORMANCE REPAYMENT PERIOD REPAYMENT PERIODS REPAYMENT RISK REPAYMENT RISKS REPAYMENT SCHEDULE REPAYMENTS RESERVE REVENUE BONDS REVOLVING FUND REVOLVING FUNDS RISK SHARING SAVINGS SAVINGS INSTRUMENTS SPECIAL PLEDGES START-UP SUSTAINABLE ENERGY TAX TAX COLLECTIONS TECHNICAL ASSISTANCE TONS OF CARBON TRANCHES TRANSACTION TRANSACTION COSTS TRUST FUND TRUSTEES UNION UTILITIES UTILITY BILLS 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. 2014-09-10T21:05:20Z 2014-09-10T21:05:20Z 2014-05 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Working Paper Publications & Research Europe and Central Asia Eastern Europe |