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Private SectorProject Information Promoting Energy Efficiency in the Pacific $ 14 Lac $ 1.40 Mn
05-Apr-2017
PID : 7293 Not Classified-COOK ISLANDS
Description

The regional technical assistance (RETA) focus will be on improving the efficiency of energy consumption, rather than developing new sources of renewable energy, as a principal means of reducing both the cost and environmental impact of energy use in the region. Studies have consistently shown that the return on investment in energy efficiency, from displaced demand for energy imports, far outweighs that of investment in renewable energy.

The RETA will identify a program of demand-side energy efficiency measures in the participating countries and assist in the preparation of a follow-on energy efficiency implementation project to be funded by the Global Environment Facility (GEF). Pilot-scale energy efficiency projects will also be implemented in the participating countries.
Project Rationale and Linkage to Country/Regional Strategy The TA is consistent with ADB Strategy 2020, and ADB Energy Policy 2009, which call for the promotion of energy efficiency through supply-side and demand-side measures under the core operational area of infrastructure. The TA is also consistent with ADB's recently published Pacific Approach (2010-2014), which highlights the role energy efficiency can play in lowering energy costs, reducing dependence on fossil fuels and lowering GHG emissions. The Pacific Approach Framework also identifies the energy sector as one of the top four operational priorities for the region. This TA is consistent with the Pacific Regional Operations Business Plan 2010-2012 and is specified in the pipeline for approval in 2010. Improving EE is also consistent with each of the five participating PDMCs' Country Partnership Strategies, which all highlight energy, and energy efficiency, as strategic objectives.
Impact Mature EE applications reduce growth of commercial energy consumption and improve energy security

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