Incentives for the Introduction of Efficient Electric Motors
Policy measure

One initiative in progress in Chile is the programme of Incentives for the Introduction of Efficient Electric Motors. The project was approved by the Global Environment Fund (GEF) in 2008 and it 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)

Implementation

The focus of the GEF programme is on industry and mining which represent up to 38 percent of final energy consumption. The main measure to promote this is a subsidy making efficient motors 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)

Challenges
No identified challenges.
Outcomes
No identified outcomes.
References

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