Benchmarking: Building the evidence base to maximise value for money for UK International Climate Fund (UK ICF) projects

Abstract

The UK International Climate Fund (ICF), set up in 2011, is designed to help developing countries adapt to climate change, embark on low carbon growth and tackle deforestation. Ricardo-AEA and MWH Global were commissioned by the UK Department for Energy and Climate Change (DECC) and the UK Department for International Development (DFID) to provide an improved understanding of the use of benchmarks and thresholds for assessing the value for money (VfM) of international clean energy and energy efficiency projects.

Interviews with climate and development funds (CDFs) and development banks (DBs) were complemented by a literature review. Evidence was gathered on the use of indicators to demonstrate the VfM and viability of projects, and also on the evidence base available to develop key indicators / benchmarks / thresholds in UK ICF priority countries.

Following the introductory chapter, Section 2 provides an overview of key benchmarking definitions. In Section 3 the findings from the stakeholder consultation activities are summarised. Section 4 provides a review of available literature and data, and finally in Section 5 the key research findings from the analysis are summarised.

This report has been produced for Evidence on Demand with the assistance of the UK Department for International Development (DFID) contracted through the Climate, Environment, Infrastructure and Livelihoods Professional Evidence and Applied Knowledge Services (CEIL PEAKS) programme, jointly managed by HTSPE Limited and IMC Worldwide Limited.

Citation

Shaw, D.; Varma, A.; Mason, J. Benchmarking: Building the evidence base to maximise value for money for UK International Climate Fund (UK ICF) projects. Evidence on Demand, UK (2014) vi + 91 pp. [DOI: 10.12774/eod_cr.july2014.shawdetal]

Benchmarking: Building the evidence base to maximise value for money for UK International Climate Fund (UK ICF) projects

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