Efficient Electric Motor Introduction Incentive Program
Policy measure

One initiative in progress in Chile is the Efficient Electric Motor Introduction Incentive Program. The project was approved by the Global Environment Fund (GEF) in 2008 and aims at reducing demand for electrical energy by 13.5 GWh/year drawing on external financing in the amount of USD 2.637 million (ECLAC, 2010).


The GEF programme focuses on industry and mining which together represent up to 38 percent of final energy consumption. The main measure for its promotion is a subsidy for efficient motors that are competitive with standard motors. The modernization of the freight fleet is also achieved through economic subsidies to support the procurement of new vehicles (ECLAC, 2010).

Implementation
No identified implementation measures.
Challenges
No identified challenges.
Outcomes
No identified outcomes.
References

ECLAC (UN Economic Commission for Latin America and the Caribbean), 2010. Energy efficiency in Latin America and the Caribbean: situation and outlook. Chile: United Nations.