Financing Innovation through GEF
Marina Olshanskaya
UNDP-GEF Regional Technical Advisor

Zagreb, December, 2013
About GEF
GEF – the largest source of multilateral technical
assistance for climate change mitigation (energy
efficiency, ...
Innovation is in the core of GEF-6 CCM Strategy:

“Facilitating innovation and technology transfer, with
supportive polici...
GEF-6 CCM Programming Strategy:

Strategic Objective 1: Promote
Innovation, Technology
Transfer, and Supportive Policies
a...
Innovation not only about what, but how:
• Performance-based financing or “grants for
results” scheme:
• Tendering subsidy...
Innovation not only about what, but how:
• Role of private sector:
• Before: sub-contractor, rarely beneficiary
• Now: sol...
Innovation not only about what, but how:
• Integrated approach:
• Before: main focus on reduction of GHG
emissions
• Now: ...
More innovation, please!

Thank you

Source: UNDP/GEF Project in Russia , 7 7
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25 marina olshanskaya gef innovation zagreb

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  • To correct these fundamental market failures, strong political commitment and leadership at all level, including the highest is needed. This is well illustrated by the following examples. Croatia:The Government, central and local, introduced and established energy efficiency as a policy priority and as a practical tool for effective housekeeping in the whole public sector in the country, including local and county authorities, as well as central government ministries and agencies. With UNDP-GEF support it has implemented Energy Management System covering practically all public facilities in Croatia. The country became a leader in EMS in public sector in Europe (and globally).Grant funds served as seed money, but it was the local funding that actually allowed country wide roll-out and implementation of EMS in the whole public sector.Kazakhstan: The Government adopted National Program on Housing and Utilities Development . It made mandatory the implementation of EE measures in all residential buildings undergoing major retrofits resulting in energy saving of 30-50%/per building. It also allocated state financing for building retrofits in the amount of 640 mln US dollars in 2011-2020. Grant funds served as seed money to demonstrate cost-effectiveness of thermal modernization and help design ESCO model for their implementation. Next slide please
  • To correct these fundamental market failures, strong political commitment and leadership at all level, including the highest is needed. This is well illustrated by the following examples. Croatia:The Government, central and local, introduced and established energy efficiency as a policy priority and as a practical tool for effective housekeeping in the whole public sector in the country, including local and county authorities, as well as central government ministries and agencies. With UNDP-GEF support it has implemented Energy Management System covering practically all public facilities in Croatia. The country became a leader in EMS in public sector in Europe (and globally).Grant funds served as seed money, but it was the local funding that actually allowed country wide roll-out and implementation of EMS in the whole public sector.Kazakhstan: The Government adopted National Program on Housing and Utilities Development . It made mandatory the implementation of EE measures in all residential buildings undergoing major retrofits resulting in energy saving of 30-50%/per building. It also allocated state financing for building retrofits in the amount of 640 mln US dollars in 2011-2020. Grant funds served as seed money to demonstrate cost-effectiveness of thermal modernization and help design ESCO model for their implementation. Next slide please
  • To correct these fundamental market failures, strong political commitment and leadership at all level, including the highest is needed. This is well illustrated by the following examples. Croatia:The Government, central and local, introduced and established energy efficiency as a policy priority and as a practical tool for effective housekeeping in the whole public sector in the country, including local and county authorities, as well as central government ministries and agencies. With UNDP-GEF support it has implemented Energy Management System covering practically all public facilities in Croatia. The country became a leader in EMS in public sector in Europe (and globally).Grant funds served as seed money, but it was the local funding that actually allowed country wide roll-out and implementation of EMS in the whole public sector.Kazakhstan: The Government adopted National Program on Housing and Utilities Development . It made mandatory the implementation of EE measures in all residential buildings undergoing major retrofits resulting in energy saving of 30-50%/per building. It also allocated state financing for building retrofits in the amount of 640 mln US dollars in 2011-2020. Grant funds served as seed money to demonstrate cost-effectiveness of thermal modernization and help design ESCO model for their implementation. Next slide please
  • To correct these fundamental market failures, strong political commitment and leadership at all level, including the highest is needed. This is well illustrated by the following examples. Croatia:The Government, central and local, introduced and established energy efficiency as a policy priority and as a practical tool for effective housekeeping in the whole public sector in the country, including local and county authorities, as well as central government ministries and agencies. With UNDP-GEF support it has implemented Energy Management System covering practically all public facilities in Croatia. The country became a leader in EMS in public sector in Europe (and globally).Grant funds served as seed money, but it was the local funding that actually allowed country wide roll-out and implementation of EMS in the whole public sector.Kazakhstan: The Government adopted National Program on Housing and Utilities Development . It made mandatory the implementation of EE measures in all residential buildings undergoing major retrofits resulting in energy saving of 30-50%/per building. It also allocated state financing for building retrofits in the amount of 640 mln US dollars in 2011-2020. Grant funds served as seed money to demonstrate cost-effectiveness of thermal modernization and help design ESCO model for their implementation. Next slide please
  • To correct these fundamental market failures, strong political commitment and leadership at all level, including the highest is needed. This is well illustrated by the following examples. Croatia:The Government, central and local, introduced and established energy efficiency as a policy priority and as a practical tool for effective housekeeping in the whole public sector in the country, including local and county authorities, as well as central government ministries and agencies. With UNDP-GEF support it has implemented Energy Management System covering practically all public facilities in Croatia. The country became a leader in EMS in public sector in Europe (and globally).Grant funds served as seed money, but it was the local funding that actually allowed country wide roll-out and implementation of EMS in the whole public sector.Kazakhstan: The Government adopted National Program on Housing and Utilities Development . It made mandatory the implementation of EE measures in all residential buildings undergoing major retrofits resulting in energy saving of 30-50%/per building. It also allocated state financing for building retrofits in the amount of 640 mln US dollars in 2011-2020. Grant funds served as seed money to demonstrate cost-effectiveness of thermal modernization and help design ESCO model for their implementation. Next slide please
  • To correct these fundamental market failures, strong political commitment and leadership at all level, including the highest is needed. This is well illustrated by the following examples. Croatia:The Government, central and local, introduced and established energy efficiency as a policy priority and as a practical tool for effective housekeeping in the whole public sector in the country, including local and county authorities, as well as central government ministries and agencies. With UNDP-GEF support it has implemented Energy Management System covering practically all public facilities in Croatia. The country became a leader in EMS in public sector in Europe (and globally).Grant funds served as seed money, but it was the local funding that actually allowed country wide roll-out and implementation of EMS in the whole public sector.Kazakhstan: The Government adopted National Program on Housing and Utilities Development . It made mandatory the implementation of EE measures in all residential buildings undergoing major retrofits resulting in energy saving of 30-50%/per building. It also allocated state financing for building retrofits in the amount of 640 mln US dollars in 2011-2020. Grant funds served as seed money to demonstrate cost-effectiveness of thermal modernization and help design ESCO model for their implementation. Next slide please
  • 25 marina olshanskaya gef innovation zagreb

    1. 1. Financing Innovation through GEF Marina Olshanskaya UNDP-GEF Regional Technical Advisor Zagreb, December, 2013
    2. 2. About GEF GEF – the largest source of multilateral technical assistance for climate change mitigation (energy efficiency, renewable energy, sustainable transport) GEF-6 is coming (2014-2018), cca 1 bln US$ on the table through individual country allocations plus regional/global set-aside “for innovation” GEF role – to prototype solutions which can be scaled up through Green Climate Fund (100 bln US$), which is in the making Sources: UNDP/GEF Projects in Croatia and Kazakhstan 1
    3. 3. Innovation is in the core of GEF-6 CCM Strategy: “Facilitating innovation and technology transfer, with supportive policies and strategies: GEF resources play a key role in piloting emerging innovative solutions, including technologies, management practices, supportive policies and strategies, and financial tools.” Sources: UNDP/GEF Projects in Croatia and Kazakhstan 2
    4. 4. GEF-6 CCM Programming Strategy: Strategic Objective 1: Promote Innovation, Technology Transfer, and Supportive Policies and Strategies Strategic Objective 2: Demonstrate Systemic Impacts of Mitigation Options Strategic Objective 3: Foster Enabling Conditions to Mainstream Mitigation Concerns Program 1: Promote timely development, demonstration and financing of low-carbon technologies and mitigation options Program 2: Develop and demonstration innovative policy packages and market initiatives to foster new range of mitigation actions Program 3: Promote integrated low-carbon urban systems Program 4: Promote conservation and enhancement of carbon stocks in forest, and other land-use, and support climate smart agriculture Program 5: Integrate findings of convention obligations enabling activities into national planning processes and mitigation targets Sources: UNDP/GEF Projects in Croatia and Kazakhstan 3
    5. 5. Innovation not only about what, but how: • Performance-based financing or “grants for results” scheme: • Tendering subsidy provision (first of its kind projects): Serbia Biomass • Financing RE tariffs: Off-grid RES projects (Tajikistan, Africa) • Incentives to go beyond EE standards: Kazakhstan EE buildings • Any other ideas for South East Europe? Sources: UNDP/GEF Projects in Croatia and Kazakhstan 4
    6. 6. Innovation not only about what, but how: • Role of private sector: • Before: sub-contractor, rarely beneficiary • Now: solution provider and partner • Examples: • Azerbaijan: SOCAR Green Building Program – as a prototype of national Green Building Program • Armenia: LED Lighting with Philips • What else? Sources: UNDP/GEF Projects in Croatia and Kazakhstan 5
    7. 7. Innovation not only about what, but how: • Integrated approach: • Before: main focus on reduction of GHG emissions • Now: GHG emissions PLUS other socioeconomic and environmental benefits • Examples: • Turkmenistan: Water and Energy Efficiency Project (Save energy – save water) • Montenegro: Carbon Neutral Tourism Project (Reduce emissions – promote tourism) Sources: UNDP/GEF Projects in Croatia and Kazakhstan 6
    8. 8. More innovation, please! Thank you Source: UNDP/GEF Project in Russia , 7 7

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