Climate finance van de ven (ebrd)scaling up cf ccxg gf march2014
EBRD SUSTAINABLE ENERGY INITIATIVE
INPUTS FOR THE CCXG GLOBAL FORUM DISCUSSION
ON SCALING-UP AND REPLICATION
Jan-Willem van de Ven
Senior Carbon Manager
ENERGY EFFICIENCY AND CLIMATE CHANGE
1. How has EBRD worked with actors at
international, national and local levels to
identify and tackle barriers to replication and
2. How can useful lessons and information on
barriers be shared and used for scaling up
and replicating climate finance interventions?
1. Introduction to the European Bank and
Reconstruction and Development, and the
Sustainable Energy Initiative
2. Scaling-up and replication, an embedded
consideration in the Bank’s operations
(transition impact, SEI):
• Ingredients to success
• Systematic development approach
• Market demand driven
3. Robust MRV, enabling demonstration effects
and sharing of information.
• International financial institution established in 1991 to
promote transition to market economies in 34 countries from
Central Europe to Central Asia
• Owned by 63 countries and two inter-governmental
institutions (EU and EIB).
• AAA rated. Capital base of €30 billion
• 2013: €8.5 billion finance committed
EBRD REGION – CHARACTERISTICS
• High share of heavy
• Ageing infrastructure
• High energy and
• Substantial potential
for renewable energy
• Energy efficiency
• Difficult access to
finance (particularly for
• Lack of information
constraints, incl. a lack
no/low carbon prices.
SEFF - A SUCCESSFUL MODEL
Slovak Republic Slovak Republic Turkey Turkey Ukraine Western Balkans
Moldova Poland Romania Romania Russia Russia
Armenia Bulgaria Bulgaria Bulgaria Bulgaria Belarus
Georgia Hungary Kazakhstan Kosovo Kyrgyzstan Moldova
Turkish Sustainable Energy Financing Facility
(TurSEFF) provides local banks with credit lines for
sustainable energy investments in the residential,
industrial and commercial sectors (sub-loans of up
to €5 million).
• €2.4 million provided by the Climate
Investment Funds and €7.5 million from the EU
were used for project implementation support.
• This included supporting partner banks with
pipeline development, loan appraisals, energy
audits, promoting the facility and training.
INNOVATIVE FINANCIAL MIX
EBRD loans $222 million
of which SEI $222 million
CTF concessional loan $47 million
JBIC loans $ 20 million
Total facility value $ 289 million
5 PARTICIPATING BANKS
Over 370 sub-projects financed through five partner
banks by the end of 2012 are estimated to result in:
• Energy savings: 3,300 GWh/year
• Emission reductions: 645,210 tCO2/year
SEFF EXAMPLE TURKEY
• Keep the eye on delivery; focus on “what works, when it starts working”.
• Demonstration projects are key in support of the bigger picture policy dialogue,
and resulting regulatory reform to an enabling environment.
• Most SEI programmes have dedicated websites in local and English languages.
• Standardise where possible, e.g. the EBRD is carrying out a number of
standardised carbon emission factor studies and publishes these.
• Climate Finance MRV essential to learn and share results (e.g. J-MDB Report).
• Co-ordination between stakeholders, e.g. recent donor co-ordination meeting on
the Kazakh emissions trading scheme in Astana.