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

More documents

Recommendations

Info

Figure 1.3WBG Investments in RenewableEnergy 2003–08: EvaluationCoverage (by $ commitments)Figure 1.5WBG Investments in UrbanTransport 2003–08: EvaluationCoverage (by $ commitments)Solar CSPOff-grid solarBiomassLandfill gasGeothermalWindOtherUrban roadsand trafficmanagementTraditionalpublictransportLargehydropowerSmallhydropowerSource: IEG.Note: Black = detailed analysis with portfolio review.; grey = partialcoverage/discussion of key issues; pattern = no explicit coverage.CSP = concentrated solar power; WBG = World Bank Group.Bus lanes/BRTsUrban rail,light and heavySource: IEG.Note: Black = detailed analysis with portfolio review; grey = noexplicit coverage. BRT = bus rapid transit; WBG = World Bank Group.Figure 1.4End userenergyefficiencyWBG Investments in Low-CarbonEnergy Efficiency 2003–08:Evaluation Coverage (by $commitments)Combined heatand power—district heatingEnergyefficiencyinvestments viafinancialintermediariesfinance to retard deforestation): establishment of protectedand indigenous areas; pilots of payment for environmentalservices projects, including BioCarbon Fund projects;and attempts to foster sustainable agriculture at the forestfrontier. Omitted are large plantation projects, which canbe carbon sequestering, and community forest projects.The latter, though concerned with impoverished populationsand important natural resources, have in general hadinadequate monitoring components and hence are difficultto evaluate.Supply-sideenergyefficiencyCFLT&D lossreductionSource: IEG.Note: Black = detailed analysis with portfolio review; grey = partialcoverage/discussion of key issues. Note that Phase I of this seriesdiscussed district heating and end user energy efficiency in detail.CFL = compact fluorescent light bulb; T&D = transmission anddistribution.The coverage of forestry is the most selective of the sectors.The focus is on three types of activities with strong implicationsfor REDD (an initiative that seeks to harness carbonThe evaluation also looks at WBG experiencein coal power, technology transfer, andcarbon finance.In addition to sectoral discussions, the evaluation addressesthree areas of intense current interest. Two are cross cutting:the experience of the WBG in technology transfer and theexperience of the WBG’s carbon funds, both as institutionalinnovations and as financial instruments. The third is anexamination of the WBG’s controversial role in supportingcoal-fired power plants. This will illuminate some ofthe general issues regarding the WBG’s role in other highcarbonsectors such as cement and steel production.10 | Climate Change and the World Bank Group
Chapter 2eValuaTION HIGHlIGHTS• WBG financing of low-carbon energy hasincreased considerably.• About two-thirds of closed renewable energyand energy efficiency projects had outcomesthat were moderately satisfactory or better.• Policy advice and piloting have been helpful incatalyzing diffusion of wind power.• Carbon finance has little impact on the bankabilityof wind power and hydropower, butsignificant impact for landfill gas projects.• Long loan tenors (time to repay) are an importantstimulus to project bankability.• Guarantees and political risk insurance mayplay an increasingly important role for renewableenergy.• Quality-contingent producer subsidies plusmicrofinance have been successful in promotingthe diffusion of solar home photovoltaicsystems.• Capacity utilization is a key determinant ofeconomic and carbon impacts.• Better monitoring of costs and impacts isneeded to guide future investments.Photo by Martin Wright/Ashden Awards for Sustainable Energy. Used with permission http://www.Ashden Awards.org.
Page 1 and 2: Phase II: The Challenge of Low-Carb
Page 3 and 4: CLIMATE CHANGE AND THE WORLD BANK G
Page 5 and 6: Table of ContentsAbbreviations . .
Page 7 and 8: Figures1.1 GHG Emissions by Sector
Page 9 and 10: AcknowledgmentsThe report was prepa
Page 11 and 12: Executive SummaryUnabated, climate
Page 13 and 14: esettlement plans has been ineffect
Page 15 and 16: of some technologies, such as landf
Page 17 and 18: Scale up high-impact investmentsEne
Page 19 and 20: should have been strengthened in th
Page 21 and 22: Major monitorable IEGrecommendation
Page 23 and 24: Major monitorable IEGrecommendation
Page 25 and 26: Chairman’s Summary: Committee onD
Page 27 and 28: most places. Before we get there, w
Page 29 and 30: non-Annex I countries. The World Ba
Page 31 and 32: attention. In a couple of decades,
Page 33 and 34: GlossaryAdditionalityBankabilityBas
Page 35 and 36: Joint ImplementationA mechanism und
Page 37 and 38: Chapter 1evALuAtiOn HiGHLiGHts• T
Page 39 and 40: of interventions, from technical as
Page 41 and 42: would allow industrialized countrie
Page 43 and 44: growth, poverty reduction (includin
Page 45: Table 1.1 Map of the EvaluationSect
Page 49 and 50: Table 2.2Evaluated World Bank Renew
Page 51 and 52: Figure 2.2Breakdown of 2003-08 Low-
Page 53 and 54: Table 2.4 Commitments to Grid-Conne
Page 55 and 56: Box 2.1The Economics of Grid-Connec
Page 57 and 58: on average (Iyadomi 2010). (Reducti
Page 59 and 60: and industrial policy. An increasin
Page 61 and 62: Table 2.6Hydropower Investments by
Page 63 and 64: costs for remaining unelectrified a
Page 65 and 66: World Bank experienceTwo factors ac
Page 67: Box 2.5On-Grid and Off-Grid Renewab
Page 70 and 71: Energy EfficiencyThe first phase in
Page 72 and 73: Box 3.1ESCOs and Energy Performance
Page 74 and 75: have had limited causal impact on t
Page 76 and 77: measurement of achieved economic re
Page 78 and 79: Since the early 1990s, public entit
Page 80 and 81: part with a $198 million IDA credit
Page 83 and 84: Chapter 4eVAluATioN HigHligHTS• B
Page 85 and 86: The WBG urban transport portfolio (
Page 87 and 88: y conventional transport systems, i
Page 89 and 90: include the forest carbon projects
Page 91 and 92: for Costa Rica for the period 2000-
Page 93 and 94: After 20 years of effort, systemati
Page 95 and 96: orrowers have demonstrated the abil
Page 97 and 98:
Chapter 5EVALuATioN HigHLigHTS• O
Page 99 and 100:
Consequently, the efficiency with w
Page 101 and 102:
technologies could accelerate diffu
Page 103 and 104:
A second issue, inherent to any adv
Page 105 and 106:
goal of promoting wind turbine impr
Page 107 and 108:
ConclusionsThe WBG’s efforts to p
Page 109 and 110:
Table 5.1Carbon Funds at the World
Page 111 and 112:
demonstration initiative. The Commu
Page 113 and 114:
Impacts on technology transferThe 2
Page 115 and 116:
Chapter 6Photo by Martin Wright/Ash
Page 117 and 118:
Figure 6.1800Economic and Carbon Re
Page 119 and 120:
Specifically, the WBG could:• Pla
Page 121 and 122:
Table 6.1Summary of Sectoral Findin
Page 123 and 124:
Table 6.1Sector Intervention Direct
Page 125 and 126:
Appendix ARenewable Energy Tables a
Page 127 and 128:
Table A.4Grid-Based Biomass/Biogass
Page 129 and 130:
Table A.5 (continued)Negative examp
Page 131 and 132:
Figure A.4A. Hydro/biomass capacity
Page 133 and 134:
Appendix bWorld Bank Experience wit
Page 135 and 136:
Table C.2Completed Low-Carbon Energ
Page 137 and 138:
TAble C.4Reviewed energy efficiency
Page 139 and 140:
the new capacity. Transmission syst
Page 141 and 142:
Table E.2Climate obligationsCoal Pl
Page 143 and 144:
Table F.2GHG objectiveModeNumber of
Page 145 and 146:
IEG eliminated a few cases of doubl
Page 147 and 148:
Table H.1Project andlocationBioener
Page 149 and 150:
Appendix ICarbon and Economic Retur
Page 151 and 152:
Appendix JRecent WBG Developments i
Page 153 and 154:
y providing value to standing fores
Page 155 and 156:
never had an explicit corporate str
Page 157 and 158:
overnight. The Bank can provide ass
Page 159 and 160:
Chapter 51. From the chief economis
Page 161 and 162:
Hartshorn, G., P. Ferraro, and B. S
Page 163 and 164:
______. 2007. World Development Ind
Page 165 and 166:
IEG PublicationsAnalyzing the Effec
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?