Chiller Energy Efficiency Project

The project will provide asssistance to stimulate accelerated conversion of CFC-based, and other energy inefficient chillers to new and more energy efficient technology through the provision of financial incentives and a robust policy framework thereby addressing well-documented techno-economic barriers and overcoming market barriers to improved energy efficiency. National capacity for carbon finance intermediation will be built through the project to enable a permanent transformation of the chiller market. The breadth of transformation and the sustainability of project outcomes will be augmented with carbon finance revenues.

Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
Development Bank of the Philippines
/Land Bank of the Philippines
Chiller Owners
Implementing organisations
World Bank
Project ID
3771
GEF project type
Full size
GEF project phase
GEF - 4
GEF Cofinancing
$45.300.398
GEF project grant
$2.600.000
Executing Agencies
Development Bank of the Philippines,/Land Bank of the Philippines, Chiller Owners