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Publications & Research :: ESMAP Paper

Results-based Financing for Clean Cookstoves in Uganda

ACCESS TO CAPITAL ACTIVE MARKET AIR POLLUTANTS AIR POLLUTION ALLOCATION ARTISAN ARTISANS BANK ACCOUNTS BANKING SECTOR BANKING SYSTEM BIOGAS BIOMASS BIOMASS ENERGY BUSINESS DEVELOPMENT BUSINESS MODEL BUSINESS MODELS BUSINESSES BUYERS CAPITAL CONSTRAINT CAPITAL CONSTRAINTS CARBON CARBON CREDITS CARBON ENERGY CARBON FINANCE CARBON MARKET CARBON MARKETS CARBON PRICES CLIMATE CLIMATE CHANGE CO COAL COLLATERAL COLORS COMMERCIAL ACTIVITY COMMERCIAL BANKS COMMERCIAL LOANS COMMERCIAL MARKET CONSUMER CONFIDENCE CONSUMER DEMAND COST OF PRODUCTION COST-BENEFIT COST-BENEFIT ANALYSIS CREDIT AGENCIES CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT PROGRAM CUSTOMER BASE CUSTOMER SERVICE DEFORESTATION DEVELOPING COUNTRIES DIRECT SALES DISTRIBUTION CHANNELS ECONOMIC BENEFITS ECONOMIC GROWTH ECOSYSTEM ELECTRICITY EMERGING MARKET EMISSION EMISSION REDUCTION EMISSIONS EMISSIONS LEVELS ENABLING ENVIRONMENT ENERGY EFFICIENCY ENERGY POLICY ENVIRONMENTAL BENEFITS ENVIRONMENTAL PROTECTION EQUIPMENT ESP EXPENDITURES EXTERNAL MARKETS FAIR FAIR TRADE FERTILISER FINANCIAL BARRIERS FINANCIAL BENEFITS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL RETURNS FINANCIAL RISKS FRAMEWORK CONVENTION ON CLIMATE CHANGE FUEL PRICES FUEL TYPE FUEL USE FUELS GHG GLOBAL KNOWLEDGE GLOBAL STANDARDS GOLD GOVERNMENT ORGANIZATIONS GOVERNMENT POLICY GREENHOUSE GREENHOUSE GAS GROSS DOMESTIC PRODUCT GROUP LOANS HARDWARE HOLDING IMPLEMENTATION PROCESS IMPORTS INCOME INNOVATION INSTALLATION INSTALLATIONS INSTITUTIONAL CAPACITY INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL MARKET INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTING IPCC LEVIES LICENSE LIMITED ACCESS LIQUEFIED PETROLEUM GAS LOAN LOAN RATES LOCAL MARKET LOW-CARBON LOWER COSTS MANUFACTURING MARKET BARRIERS MARKET CONDITIONS MARKET CONSTRAINTS MARKET DEVELOPMENT MARKET DISTORTION MARKET OPPORTUNITIES MARKET OPPORTUNITY MARKET PARTICIPANTS MARKET PRICE MARKET SEGMENT MARKET SEGMENTATION MARKET SEGMENTS MARKET SIZE MARKET TRANSFORMATION MARKETING MATERIAL METALS MICROFINANCE MIDDLEMEN NATURAL GAS NEW MARKETS PENETRATION RATE PERFORMANCE INDICATORS PHONES POLICY FRAMEWORK POOR REPUTATION PRICE FLUCTUATIONS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PROTOCOLS PURCHASING RENEWABLE ENERGY REPAYMENT RESULT RESULTS RETAIL RISK FACTOR RURAL MARKETS SALE SALES SALES OUTLETS SERVICE PROVIDER SERVICE PROVIDERS SMOKE SOLAR HOME SYSTEMS STANDARDIZATION SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS SURPLUS TARGETS TECHNICAL ASSISTANCE TECHNICAL EXPERTS TECHNICAL SUPPORT TELEPHONE TOTAL EMISSIONS TRADING TRANSACTION TRANSACTION COSTS TRANSACTION VOLUMES TRANSFER RISK TRANSMISSION TRANSPARENCY TRUST FUND TURNOVER TYING VALUE CHAIN VERIFICATION VOLATILITY WITHHOLDING TAX WORKING CAPITAL
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World Bank, Washington, DC
Africa
2014-07-21T21:58:43Z | 2014-07-21T21:58:43Z | 2014-04

This report was prepared by IMC Worldwide for the Africa Clean Cooking Energy Solutions (ACCES) initiative of the World Bank. The report sets out the opportunity for implementing results-based financing (RBF) to support the clean cookstoves sector in Uganda. The fundamental idea behind RBF is that payments to a service provider are made contingent on the delivery of a pre-agreed result, with achievement of the result being subject to independent verification. An RBF approach is feasible as part of a broad package of measures to scale up the efficient and clean cooking sector in Uganda, the larger goal being to achieve a range of benefits, including health, in coordination with the government and key stakeholders. Results-based incentives should be combined with robust monitoring and verification arrangements, institutional strengthening, and awareness-raising campaigns to support progress in the sector over time. The World Bank is exploring RBF as a means of sustaining impact through market-level development. This study focuses on cookstoves rather than the full value chain (including cooking fuels) because the disconnect between cookstove suppliers and final customers is a key bottleneck in the supply chain. Financing is one of many tools available to support development of the sector. The main body of the report is structured as follows. Chapter 2 examines the innovation ecosystem for cookstoves in Uganda. This includes the main actors and activities, the market segments for improved cookstoves and the current penetration of ICS into different geographical zones of the country. It also looks at the different products and business models as well as the barriers to scaling up. Chapter 3 identifies various policy objectives and grades various RBF options against a set of screening criteria. The result is a shortlist of RBF options that could usefully be incorporated into future program design. Chapter 4 explores initial design considerations for RBF in this context including eligibility, trigger, payment structure, size of payment and exit strategy, as based on the ESMAP report. It covers the possible market responses to the shortlisted RBF approaches and makes a preliminary assessment of value for money. Finally, it considers ways in which RBF approaches might best be implemented on a practical level. Chapter 5 outlines the recommendations, summarizing key constraints to scale-up and noting the complementary measures needed to ensure successful RBF implementation.

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