Singh, JasLimaye, Dilip R.Henderson, BrianShi, Xiaoyu2013-05-242013-05-242010978-0-8213-8062-8https://hdl.handle.net/10986/13540This book explores energy savings performance contracts (ESPCs) as a means of overcoming some of the more difficult hurdles in promoting energy efficiency in public facilities. ESPCs represent a very attractive solution to many of the problems that are unique to public agencies, since they involve outsourcing a full project cycle to a service provider. From the detailed audit through implementation and savings verification, ESPCs can relieve public agencies of bureaucratic hassles, while service providers can secure the off-budget project financing and be paid from the actual energy savings, thus internalizing project performance risks. ESPC bidding also allows public agencies to select from a range of technical solutions, maximizing the benefit to the agency. Global experience suggests that ESPCs have been more effective at realizing efficiency gains than many other policy measures and programs, since the service providers have a vested interest in ensuring that a project is actually implemented. Many of the country governments interviewed for the study also saw enormous potential in bundling, financing, and implementing energy efficiency projects on a larger scale in the public sector, a method that increases the rate of efficiency gains and creates further benefits through economies of scale.en-USCC BY 3.0 IGOair conditioninganecdotal evidenceapproachavailabilitybalanceBarriers to Energy Efficiencybuilding codescarbon dioxidecarbon financecarbon finance operationscarbon financingCertification Centercertified emission reductionClean EnergyClimateClimate ChangeClimate Change Mitigationcoalcogenerationcommercial energycommercial equipmentcommitment to energy efficiencycoolingdistrict heatingdistrict heating systemseconomic activityeconomic growthefficiency gainsefficiency improvementEfficiency Improvementsefficiency potentialefficient equipmentelectric powerelectricityelectricity consumptionemissionemission reductionsend useend userend usersend usesend-useend-use consumptionEnergy Auditenergy auditingEnergy Auditsenergy billenergy billsEnergy conservationEnergy Conservation Productsenergy consumersenergy consumptionenergy cost savingsenergy costsenergy crisisenergy demandEnergy EfficiencyEnergy Efficiency Financeenergy efficiency improvementenergy efficiency improvementsenergy efficiency investmentsenergy efficiency marketEnergy efficiency measuresEnergy Efficiency Programsenergy efficient equipmentenergy managementenergy needsEnergy Outlookenergy outsourcingEnergy PerformanceEnergy Performance Contractingenergy pricesEnergy pricingenergy productionenergy reductionEnergy ResearchEnergy SavingsEnergy Savings Performanceenergy savings projectsenergy securityEnergy Serviceenergy service companiesEnergy Service Companyenergy service providersenergy servicesenergy suppliersenergy supplyenergy systemsEnergy Useenvironmental impactsenvironmental protectionESPfinancial performancefinancial returnsfinancial servicesfossilfossil fuelsfree energyfuelGlobal Environmentgreenhousegreenhouse gasgreenhouse gas emissionsgross domestic productgrowth in energy demandheatheat recoveryimproving energy efficiencyincomeinfrastructure investmentInternational Energy Agencyinvestments in energyinvestments in energy efficiencyjobsLightingload managementlower costsmarket for energymarket for energy efficiencymethanemunicipal water supplyNatural ResourcesoilOil Companyoil equivalentoil pricespenaltiesperformance standardspipelinepollutionPortfolioPowerpower generationpresent valueprimary energyprincipal-agentpromoting energy efficiencyquality energyRenewable Energiesrenewable energyRenewable Energy Developmentrisk managementSustainable Developmenttons of carbontotal electricity consumptiontotal energy consumptiontransaction coststransactions costsTypes of Energyutilitiesutility billsutility demand-side managementvehiclesventilationwastewaste recyclingWastewater treatmentWorld EnergyWorld Energy OutlookWorld Bank10.1596/978-0-8213-8062-8