Low-Carbon Development for Mexico

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Chapter 4: Energy End-Use

8. This report benefited from substantial research on the health and climate change impacts of adopting improved cookstoves in Mexico (Armendåriz and others 2008; Johnson and others 2008, 2009). 9. Efforts include the energy-efficiency financing study by the U.S. Trade and Development Agency (USTDA) and Nacional Financiera (Nafin), Mexico’s largest development bank (USTDA/Nafin); the energy-efficiency financing protocols developed by the Asia-Pacific Economic Cooperation (APEC) and CONAE (APEC/CONAE); the special-purpose financing vehicle for energy efficiency developed by the Energy Sector Management Assistance Program (ESMAP) and the North America Development Bank (NADB) (ESMAP/NADB); the performance and credit risk mechanism developed by the Renewable Energy and Energy Efficiency Partnership, EPS Capital Corporation, and Nafin; and several energy-efficiency/clean energy financing programs developed by FIDE, the Clean Tech Fund, Fondelec Capital Advisors company, NADB, the Japan Bank for International Cooperation, and Nafin. 10. The fact that each ESCO bids on a different project, with different investment needs, energy savings, share of savings to the customer, and other details can make it difficult to evaluate transparency.

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