Argentina Energy Efficiency Fund
Policy measure

In 2009, the Argentine government signed a grant agreement with the World Bank, acting as an implementing agency for the Global Environment Facility (GEF), to finance the so-called Energy Efficiency Project (GEF, 2009). “This project aims to increase the efficiency in the use of energy by developing a sustainable and growing market for energy efficiency services and equipment in Argentina” (GEF, 2009). One of the project components is the development of the Argentina Energy Efficiency Fund (AEEF), and a related grant facility to finance the preparation of a pipeline of projects (GEF, 2009).


The project was effective from 2009 and was rewarded a total GEF grant amounts to USD 15.155 million (World Bank, 2011).

Implementation

According to GEF (2009), the AEEF component includes:

  1. “(i) Carrying out of demand-driven feasibility studies of potential energy efficiency investments in accordance with the criteria set forth in the Operational Manual; and (ii) based on the results of said studies, establishment and maintenance of a data base, acceptable to the World Bank, to store energy efficiency investment proposals.

  2. Provision of technical assistance to develop an energy efficiency fund.”

Challenges
No identified challenges.
Outcomes

Among the expected outcomes, GEF expects increased and sustained improvements in energy efficiency; by the project's enddate GEF, expects savings of 17,257 GWh and 1429 MWh deferred (World Bank, 2011).

References

GEF (Global Environment Facility), 2009. Global Environment Facility Grant Agreement: Energy Efficiency Project. Washington, DC. Available at: www-wds.worldbank.org/external/default/WDSContentServer/WDSP/LCR/2009/11/18/8D9CB0784FC637508525767200607620/1_0/Rendered/PDF/8971AR0Grant0Agreement01CONFORMED0COPY1.pdf.


World Bank, 2011. Implementation Status & Results: Argentina Energy Efficiency Project (P090119). Washington, DC. Available at: www-wds.worldbank.org/external/default/WDSContentServer/WDSP/LCR/2011/08/24/1EC81DE4018128B4852578F600264B62/1_0/Rendered/PDF/P0901190ISR0Di024201101314169096630.pdf.