Energy Efficiency Initiative
ADB launched the Energy Efficiency Initiative (EEI) on 29 July 2005. The core objective of EEI is to expand ADB’s investments in energy efficiency projects to $1 billion a year. To this end, ADB will work closely with its developing member countries to identify specific market segments that
- have a high priority for intervention
- are suitable to ADB’s role and strengths
- have replication and scale-up potential.
EEI is being implemented in three phases:
- Phase I was completed in June 2006, firmly establishing the rationale for the expanded and sustained ADB action and EE investment and provide priorities and a framework for next steps.
- Phase II (ongoing from June 2006 through December 2007) will prepare the country-level investment and action plans on EE, develop the project pipeline for 2008-2010, design and establish the Clean Energy Financing Partnership Facility (CEFPF) , and pursue immediate EE investment opportunities
- Phase III (2007–2010) will implement the EE investment and action plans, process projects in the pipeline, and commit CEFPF funds.
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