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

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Chapter 3eValUaTIoN HIGHlIGHTS• Efficient lighting may <strong>of</strong>fer very high economicreturns and significant GHG reductions.• Reducing technical losses in transmissionand distribution <strong>of</strong>fers high returns and largescope for investment.• <strong>The</strong>re are large energy efficiency opportunitiesin the building sector, where market failuresabound; this represents a largely untappedarea for WBG intervention.• Guarantees have stimulated lending by banksto enterprises with poor collateral but havenot been transformative in reducing banks’ riskaversion.• By screening existing clients for cleaner productionopportunities, IFC found projects withgood projected returns but small absolutelevels <strong>of</strong> energy and CO 2savings.• <strong>The</strong>re remains a tremendous need to understandwhat works and what does not in thisstill-evolving field.Photo by Martin Wright/Ashden Awards for Sustainable Energy. Used with permission. http://www.Ashden Awards.org.

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