Share This Article:

GEF Experiences in Closing the Global Energy Efficiency Gap

DOI: 10.4236/lce.2014.51002    3,931 Downloads   5,251 Views   Citations

ABSTRACT

The term “energy efficiency” has been widely used in global energy, economics, and environment, and it is well known that energy efficiency is one of the most cost-effective approaches in saving energy and mitigating greenhouse gas (GHG) emissions. However, it is still not clear how many metric tons of carbon dioxide (MTCO2) can be mitigated if one dollar is invested in worldwide energy efficiency. This study tries to clear this issue. Using data of 49 completed energy efficiency projects funded by the Global Environment Facility (GEF), this study presents an analysis on investments of US$313 million in capacity building, asset acquisition, project development, and pro-ject implementation in 35 countries. Results show that every dollar invested by the GEF has mobilized 8.2 dollars in co-financing and can mitigate 1.89 MTCO2. In addition, GEF investments in capacity building, national policy, legal and regulatory frameworks have long term impact on GHG emission mitigations which is beyond quantification with current approaches. We conclude that public funds have greatly facilitated capacity building, catalyzed the transfer of environmentally sound technologies, and helped remove a large number of regulatory and market barriers to energy efficiency in developing countries and countries with economies in transition.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Yang, M. , Dixon, R. , Laperriere, A. , Aoki, C. , Nicholson, M. , Wu, Y. , Heath, L. , Rodgers, D. , Zou, Y. , Parhizkar, O. , Buesing, B. , Prurapark, R. , Raynaud, V. , Tang, T. and Hale, L. (2014) GEF Experiences in Closing the Global Energy Efficiency Gap. Low Carbon Economy, 5, 6-18. doi: 10.4236/lce.2014.51002.

References

[1] International Energy Agency (IEA) (2007) Mind the Gap: Quantifying Principal-Agent Problems in Energy Efficiency. IEA, Paris.
[2] International Energy Agency (IEA) (2012) Energy Efficiency: Policies and Measures Database. http://www.iea.org/statistics/
[3] Jollands, N., Waide, P., Ellis, M., Onoda, T., Laustsen, J., Tanaka, K., T’Serclaes, P., Barnsley, I., Bradley, R. and Meier, A. (2010) The 25 IEA Energy Efficiency Policy Recommendations to the G8 Gleneagles Plan of Action. Energy Policy, 38, 6409-6418.
[4] Solar Energy Research Institute (SERI) (1981) A New Prosperity: Building a Sustainable Energy Future. Brick House Publishing, Andover.
[5] Lovins, A.B. (1976) Energy Strategy: The Road Not Taken? Foreign Affairs, 55, 65-96.
[6] International Energy Agency (IEA) (2006) World Energy Outlook. IEA, Paris.
[7] Global Environment Facility (GEF) (2011) GEF 5 Focal Area Strategies. http://www.thegef.org/ gef/strategies
[8] Global Environment Facility (GEF) (2011) GEF Program Management Information System.
https://www.gefpmis.org/login.aspx
[9] United Nations (UN) (1992) United Nations Framework Convention On Climate Change.
http://unfccc.int/resource/docs/convkp/conveng.pdf
[10] Global Environment Facility (GEF) (2003) Strategic Approach to Enhance Capacity Building. http://www.thegef.org/gef/sites/thegef.org/files/documents/C.22.8%20Strategic%20Approach%20 to%20Capacity%20Building%20FINAL.pdf
[11] Independent Evaluation Group (IEG) (2010) Phase II: The Challenge of Low-Carbon Development: Climate Change and the World Bank Group. http://elibrary.worldbank.org/doi/pdf/10.1596/978-0-8213-8653-8

  
comments powered by Disqus

Copyright © 2018 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.