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The Challenge of Low-Carbon Development - World Bank Internet ...

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Table 6.1Summary <strong>of</strong> Sectoral Findings (continued)Sector Intervention Direct impacts Leverage and diffusionimpactsMonitoring needs and issuesTechnologyVenture capitalHas failed when investmentsA new IFC approach—transferinvestmentshad multiple handicaps:invest in proven entre-in early stagenoncommercial technologies,preneurs and globallyclean technol-inexperienced entrepreneurs,proven technologies—ogy companiesuninterested markets.could be high leverage.Direct IPRHad modest effects in efficientPrivate companies didtransferboilers project.not share transferredtechnologies.Grants for R&DHad encouragingresults in REDP project.Industry-wide supportled to competition, pricereductions.Monitor results <strong>of</strong> such projects.Demonstration<strong>of</strong> new technologiesHas been successful wherethere was a clear purpose fordemonstration and targetaudience and where adoptionwas pr<strong>of</strong>itable: for example,introduction <strong>of</strong> ESCOs in China;Regional Silvopastoral programin Colombia.Has failed or bogged downwhere purpose was not clear, forexample, 1990s era investmentsin concentrated solar power; orwhen there was an expectationthat private companies wouldshare proprietary technologies.Incorporate good monitoring intoprojects with pilot/demonstrationpurposes; monitor diffusion if thatis the goal.Source: IEG.Note: CFL = compact fluorescent light bulb; ESCO = energy service company; GEF = Global Environment Fund; GHG = greenhouse gas;IFC = International Finance Corporation; IPR = intellectual property rights; NGO = nongovernmental organization; R&D = research anddevelopment; REDP = China’s Renewable Energy <strong>Development</strong> Project; SHS = solar home voltaic system; SME = small and medium enterprise;T&D = transmission and distribution; WBG = <strong>World</strong> <strong>Bank</strong> Group.88 | Climate Change and the <strong>World</strong> <strong>Bank</strong> Group

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