Session1_ the clean_technology_fund(ctf)_walters_worldbank

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Round Table Meeting
February 4, 2009

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Session1_ the clean_technology_fund(ctf)_walters_worldbank

  1. 1. The Clean Technology Fund (CTF):Opportunity for MENA Renewable Energy Scale-up Jonathan Walters Sector Manager, Energy MENA Region RECREE Meeting, Cairo February 4, 2009
  2. 2. What is the CTF?A new, multi-billion fund for climate change mitigation tofinance “transformational” projects ($5 billion so far)Terms are very concessionalGoverned by Trust Fund Committee (8 developing countries, 8donor countries).MENA members of TFC are Egypt and MoroccoDonors to CTF so far are Australia, France, Germany, Japan,Spain, Sweden, UK, USA…Directly-participating MDBs are ADB, AfDB, EBRD, IDB andthe World Bank GroupOther public financing institutions are interested: e.g. Arab andIslamic Funds, EIB, KfW, AFD....Private sector is engaging
  3. 3. Clean Technology FundCountry Eligibility: Eligible for development assistance (on “DAC list”) An active MDB country programCriteria to prioritize projects: Significant GHG savings, Demonstration potential at scale Development impact Implementation potential AdditionalityCTF fits with MSP objectives
  4. 4. MENA is a dry, sunny region with lots of land, and rapidelectricity demand growthNext door to Europe with high demand for green electricity Europe Load Centers MENA EU 25 World Viable Areas for CSP Road Density Unsuitable Gradient Lower Radiation
  5. 5. Development of the MSPA key initiative under the UfM (Union for theMediterranean)UfM governed under the co-presidency ofFrance and EgyptMSP calls for 20 GW of new installed capacityby 2020 with focus on Concentrating SolarPowerAlso includes other Renewables and Energyefficiency
  6. 6. MSP- Priority Areas of ActionAdequate legal and regulatory framework forrenewable energy scale-up (including domesticand export markets)Development of electricity interconnections topromote green electricity tradeFacilitating MNA development of newtechnologies and local employmentAdequate subsidies for CSP start-up
  7. 7. Proposed Phases of the MSP Possible CTF Support
  8. 8. Clean Technology Fund for MSP could contribute to.. The MSP 20 GW solar target Reducing global cost of CSP through economies of scale (MENA potential is unique) Achieving MENA and EU renewable energy objectives Increasing regional integration Fiscal stimulus in the recession
  9. 9. Possible Scope of CTF Support A regional CTF Investment Plan will be prepared to access CTF funds to support the MSP CTF could contribute up to US$ 750 million toward total US$6-8 billion concessionary funding Open to all interested partners
  10. 10. Thank you!www.worldbank.org/cifjwalters@worldbank.org

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