FINANCIAL SCHEMES FOR ENERGY EFFICIENCY PROJECTS: LESSONS LEARNT FROM IN-COUNTRY DEMONSTRATIONS

Charikleia Karakosta; Aikaterini Papapostolou

FINANCIAL SCHEMES FOR ENERGY EFFICIENCY PROJECTS: LESSONS LEARNT FROM IN-COUNTRY DEMONSTRATIONS

Authors

Charikleia Karakosta George Vasileiou and John Psarras National Technical University of Athens, School of Electrical and Computer Engineering, Decision Support Systems Laboratory, Energy Policy Unit (EPU-NTUA)
Aikaterini Papapostolou George Vasileiou and John Psarras National Technical University of Athens, School of Electrical and Computer Engineering, Decision Support Systems Laboratory, Energy Policy Unit (EPU-NTUA)

Keywords:

Energy efficiency; funding schemes; risk mitigation; stakeholder dialogue; best practices; lessons learnt; capacity building; knowledge transfer; in-country demonstrations

Abstract

Traditional investment institutions face a lack of understanding regarding the technical aspects of energy efficiency investments. Indeed, due to the heterogeneity of such investments and to the immaturity of the market the entry into this business is unattractive for many financial institutions, although energy efficiency projects can often present a guaranteed return. The aim of this paper is to propose a methodological framework on energy efficiency investments and robust financing programs/models in targeted case study countries that will act as first-of-a-kind demonstration for the banks, institutional investors and asset managers, with the use of approaches based on knowledge transfer and capacity building among key actors. The experience gathered from in-country demonstration will also facilitate and accelerate the replicability, while findings could then be used to lead to concrete recommendations towards a successfully energy efficiency financing.

FINANCIAL SCHEMES FOR ENERGY EFFICIENCY PROJECTS: LESSONS LEARNT FROM IN-COUNTRY DEMONSTRATIONS