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End-user energy efficiency has long been viewed as a win-win approach with great potential for reducing emissions. It becomes increasingly attractive as the costs of constructing and fueling power plants rise. About 5 percent of the Bank's energy commitments by value (about 10 percent by number ) have gone to specific efficiency efforts, including end-user efficiency and district heating. Including a broader range of projects identified by management as supporting supply-side energy efficiency would boost the proportion above 20 percent by number.
Few projects tackled regulatory issues related to end-user efficiency, though the Bank has invested in some technical assistance and analytical work. This historical lack of emphasis on energy efficiency is not unique to the Bank and reflects the complexity of pursuing end-user efficiency, a pervasive set of biases that favor electricity supply over efficiency, inadequate investments in learning, and inattention to energy systems in the wake of power sector reform.
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Energy Efficiency Investments
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Source: Total energy spending: IEG computation based on energy- designated proportion of project commitments. Efficiency component spending: World Bank Progress on Renewable Energy and Energy Efficiency reports 2004, 2005, 2006, 2007 (World Bank 2005d, 2005b, 2006a, 2007b. Scope of coverage was more precisely defined for 2006 and 2007. Includes Bank- executed medium- size and large GEF projects. Excludes IFC and MIGA.
Note: AAA = analytical and advisory activities.
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