By Ming Yang
Energy potency performs and should proceed to play a tremendous position on this planet to save lots of strength and mitigate greenhouse fuel (GHG) emissions. besides the fact that, little is understood on how a lot extra capital can be invested to make sure utilizing strength successfully appropriately, and intensely little is understood which sub-areas, applied sciences, and international locations shall in achieving greatest greenhouse gasoline emissions mitigation according to buck of funding in strength potency world wide.
Analyzing accomplished and slowly relocating strength potency tasks via the worldwide surroundings Facility in the course of 1991-2010, Closing the distance: GEF studies in international strength potency evaluates affects of multi-billion-dollar investments on the planet power potency. It covers the subsequent parts:
1. Reviewing the area strength potency funding and disclosing the worldwide strength potency hole and industry obstacles that reason the gap;
2. Leveraging deepest money with public cash and different assets in power potency investments; utilizing those money in tangible and intangible asset investments;
3. funding effectiveness in money in keeping with metric ton of CO2 emissions mitigation in 10 strength potency sub-areas;
4. significant boundaries inflicting failure and abandonments in power potency investments;
5. Quantification of direct and oblique CO2 emissions mitigations inside and out a undertaking boundary; and
6. class and estimation of CO2emissions mitigations from tangible and intangible asset investments.
Closing the distance: GEF studies in international strength potency can function a guide for policymakers, undertaking traders and bosses, and undertaking implementation practitioners short of benchmarks in power potency undertaking investments for decision-making. it could possibly even be utilized by scholars, researchers and different pros in universities and examine associations in method improvement for comparing power potency tasks and courses.
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Extra resources for Closing the Gap: GEF Experiences in Global Energy Efficiency
The costs of these policies would be more than outweighed by the benefits from producing and using energy more efficiently. The IEA estimates that, on average, an additional US$1 invested in more efficient electrical equipment, appliances, and buildings avoids more than US$2 in investment in electricity supply (IEA 2006). These savings are particularly valuable in economies where 14 2 Background and Literature Review on Energy Efficiency Gaps 1200 1076 Industry US$ billion in 2005 dollar 1000 926 Transport Residential and services 800 661 622 600 415 400 304 210 200 362 152 0 OECD Non-OECD World Fig.
In contrast, investment in renewable energy technologies, such as solar photovoltaic panels or biomass-fired power plants, is more centralized and it is relatively easier to quantify the investment benefits. , policy development, technology transfer, and capacity-building). Global Environment Facility (GEF) investments in energy efficiency projects in developing countries over the past 20 years have involved multi-provinces/states, multi-sectors, and multi-areas. Many GEF energy efficiency projects were developed to scale up energy efficiency investments in key economic sectors.
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