Energy efficiency finance support in Thailand: lessons learned from the energy efficiency revolving fund

Name: Surapong Chirarattananon

Organization : King Mongkut's University of Technology Thonburi. The Joint Graduate School of Energy and Environment

Name: Streitferdt, Verana

Organization : University of Technology, Institute for Sustainable Futures

keyword: Energy efficiency finance

; Finance

Abstract: This paper provides a critical perspective on the internationally acclaimed Thai Energy Efficiency Revolving Fund. The International Energy Agency predicted that by 2035 savings from energy efficiency measures could reduce global energy demand by 20% from 2020 levels. Most notably in Asian developing and fast emerging economies, demand-side energy efficiency initiatives in the industry and building sector seem promising. However, so far the potential has not been realized, with upfront finance being one main barrier. Therefore the question of how the public sector could mobilize private sector investment becomes an important one. Literature reveals that public supported funds or credit lines could be one of the options to overcome this barrier. The Energy Efficiency Revolving Fund of Thailand has been chosen as a case study as it has been considered as an international best practice example. By taking sustainablity rather than a programme perspective interesting lessons can be learned: That energy efficiency finance will lose out once renewable energy and energy efficiency finance are combined in one mechanism, that the mechanism actually leads to changes in lending patterns and that the Thai government needs to focus to provide legislation that will frive the demand for energy efficiency finance in the future

King Mongkut's University of Technology Thonburi. KMUTT Library

Address: BANGKOK

Email: info.lib@mail.kmutt.ac.th

Created: 2015

Issued: 2016-04-26

Modified: 2559-04-29

บทความ/Article

application/pdf

BibliograpyCitation : Journal of Sustainable Energy & Environment vol. 6, no. 1 (Jan.-Mar. 2015), p. 13-16

CallNumber: 12005739

eng

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