Regional: Establishment of a Market Place for Transfer of Low Carbon Technologies to Asia and Pacific

Sovereign Project | 43176-012

Summary

The proposed project will accelerate the diffusion of low carbon technologies (LCTs) in Asia and the Pacific, and complement the ongoing international efforts to establish a long term mechanism to lower GHG emissions and mitigation of climate change.

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Project Name Establishment of a Market Place for Transfer of Low Carbon Technologies to Asia and Pacific
Project Number 43176-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7304-REG: Establishment of a Market Place for Transfer of Low Carbon Technologies to Asia and Pacific
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Energy - Energy efficiency and conservation

Gender Equity and Mainstreaming No gender elements
Description The proposed project will accelerate the diffusion of low carbon technologies (LCTs) in Asia and the Pacific, and complement the ongoing international efforts to establish a long term mechanism to lower GHG emissions and mitigation of climate change.
Project Rationale and Linkage to Country/Regional Strategy The Strategy 2020 has summarized that significant progress on energy efficiency and other measures to address climate change across developing Asia and the Pacific would produce positive impacts whose efforts would reach far beyond regional borders and the present generation. DMCs with high energy consumption and several others have stated policies to reduce GHG emissions. The private sector has already gained a large share of the GDP in many DMCs, and is well positioned to participate with the governments in moving towards a low carbon economy. While there is a shared understanding on the co benefits and long term sustainability of using LCTs, the higher front end cost makes them unaffordable in many cases. The developing countries seek support (resources and technology) for lowering the GHG emissions under the UNFCCC. The Clean Development Mechanism, Global Environment Facility, bilateral assistance and loans from MDBs have provided access to capital. However, there is little progress in transferring LCTs to the developing countries, which is clearly a critical gap if the 450 ppm stabilization target is to be met IEA estimates that between 2010 and 2020, the additional global investment in power and energy efficiency will be about $1.6 trillion, with 50% of it in the non OECD countries. This indicates to the need for extensive use of LCTs in Asia and Pacific, but the energy producers and energy consumers (public and private sector) show little sign of making this transformational change. The project will accelerate the diffusion of LCTs in Asia and Pacific and complement the ongoing international effort to establish a long term mechanism to lower GHG emissions and mitigation of climate change. The LCT Market Place draws on similar well understood processes like financial intermediation (technology intermediation instead) and merger and acquisition (valuing intangibles), however, it needs to be recognized as an innovative approach with few precedents.
Impact The project impact will be the diffusion of LCTs in Asia and the Pacific. The indicator will be signed and enforceable Project and technology Sharing Agreements (PTSAs), the potential use of which is estimated to reduce GHG emission by at least 20% when compared to the incumbent technologies (broadly defined as qualified PTSAs). The target for the LCT Market Place will be to get signed 8 PTSAs by June 2010, and another 12 by December 2010.
Project Outcome
Description of Outcome Establishment of LCT Market Place
Progress Toward Outcome
Implementation Progress
Description of Project Outputs The project outputs will be the detailed project report (DPR) with three principal sections (i) LCT Market Place Manual that explains how it will be established and operated (ii) LCT Status Report that provides the economic and institutional justification, and (iii) LCT Diffusion Roadmap with specific recommendations to promote the rapid diffusion of LCTs in DMCs that have stated policies for moving towards a low carbon economy.
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services Consulting firm (international, 6 person months)
Responsible ADB Officer Jiwan S. Acharya
Responsible ADB Department SDCC
Responsible ADB Division Sustainable Infrastructure Division, RSDD
Executing Agencies
Asian Development Bank6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance 20 May 2009
Fact Finding 11 Mar 2009 to 25 Mar 2009
MRM -
Approval 29 Jun 2009
Last Review Mission -
PDS Creation Date 30 Jun 2009
Last PDS Update 06 Jul 2009

TA 7304-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Jun 2009 - 29 Jun 2009 01 May 2010 30 May 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 0.00 0.00 0.00 0.00 225,000.00 29 Jun 2009 225,000.00

Safeguard Documents

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Evaluation Documents

See also: Independent Evaluation

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