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Public efforts to mobilize private energy efficiency finance: lessons learned from the energy efficiency revolving fund of Thailand |
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| รหัสดีโอไอ | |
| Title | Public efforts to mobilize private energy efficiency finance: lessons learned from the energy efficiency revolving fund of Thailand |
| Creator | 1. Verena Streitferdt 2. Surapong Chirarattananon |
| Publisher | Joint Graduate School of Energy and Environment |
| Publication Year | 2557 |
| Keyword | Revolving Fund, energy efficiency, emerging economies, energy efficiency finance, Thailand, public policies |
| Abstract | This paper provides a critical perspective on the internationally acclaimed Thai Energy Efficiency Revolving Fund. The International Energy Agency predicted that by 2035 savings from energy efficiency measures could reduce global energy demand by 20% from 2010 levels. Most notably in Asian developing and fast emerging economies, demand-side energy efficiency initiatives in the industry and building sector seem promising. However, so far the potential has not been realized, with upfront finance being one main barrier. Therefore the question of how the public sector could mobilize private sector investment becomes an important one. Literature reveals that public supported funds or credit lines could be one of the options to overcome this barrier. The Energy Efficiency Revolving Fund of Thailand has been chosen as a case study as it has been considered as an international best practice example. By taking sustainability rather than a programme perspective interesting lessons can be learned: That energy efficiency finance will lose out once renewable energy and energy efficiency finance are combined in one mechanism, that the mechanism actually leads to changes in lending patterns and that the Thai government needs to focus to provide legislation that will drive the demand for energy efficiency finance in the future. |
| ISBN | 978-616-92228-1-1 |
