SCOPE: Development of the Energy Savings Insurance (ESI) Program (Brazil – BANDES)
DESCRIPTION: ESI is being replicated in Brazil through the development bank BANDES. Currently is in a market research phase in order to determine the sectors and technologies where the financing of energy efficiency will encounter potential. Insurance and other framework aspects are being structured in order to start deployment as soon as the insights are obtained. The program implements mechanisms to ensure energy savings in micro, small and medium state enterprises, and it focuses on replacing inefficient equipment that can generate significant reductions in energy consumption to promote lender's productivity while mitigating CO2 emissions.
SECTOR: Nonmetallic Minerals - Semiprecious Stones, Food Industry
SOURCE AND AMOUNT:
- IDB/Danish Government $400,000
PROJECT TYPE: Technical Cooperation
OPERATION NUMBER: RG-X1258