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 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.

Bibliographic Details

Main Authors:	Limaye, Dilip, Singh, Jas, Hofer, Kathrin
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014-05
Subjects:	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,
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 https://hdl.handle.net/10986/20043
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