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.
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]