Energy efficiency plays and will continue to play an important
role in the world to save energy and mitigate greenhouse gas(GHG)
emissions. However, little is known on how much additional capital
should be invested to ensure using energy efficiently as it should
be, and very little is known which sub-areas, technologies, and
countries shall achieve maximum greenhouse gasemissions mitigation
per dollar of investment in energy efficiency worldwide.
Analyzing completed and slowly moving energy efficiency
projectsby the Global Environment Facilityduring 1991-2010,
"Closing the Gap: GEF Experiences in Global Energy Efficiency
"evaluates impacts of multi-billion-dollar investments in the world
energy efficiency. It covers the following areas:
1. Reviewing the world energy efficiency investment and
disclosing the global energy efficiency gapand market barriersthat
cause the gap;
2. Leveraging private funds with public funds and other
resources in energy efficiency investments; using these funds in
tangible and intangible asset investments;
3. Investment effectiveness in dollars per metric ton of
CO2emissions mitigation in 10 energy efficiency sub-areas;
4. Major barriers causing failure and abandonments in energy
efficiency investments;
5. Quantification of direct and indirect CO2emissions
mitigations inside and outside a project boundary; and
6. Classification and estimation of CO2emissions mitigations
from tangible and intangible asset investments.
"Closing the Gap: GEF Experiences in Global Energy Efficiency
"can serve as a handbook for policymakers, project investors and
managers, and project implementation practitioners in need of
benchmarksin energy efficiency project investments for
decision-making. It can also be used by students, researchers and
other professionals in universities and research institutions in
methodology development for evaluating energy efficiency
projectsand programs. "
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