This brief report has been produced in response to an Evidence on Demand
Help-Desk request. It supports a DFID project business case for proposed
renewable energy and energy efficiency financing schemes for poorer
households and small to medium enterprises to be implemented in 4
Caribbean states. Capitalised by financial institutions, these schemes
will use experience from other initiatives to work towards achievement
The report outlines evidence on barriers to scaling up, lessons from
financing schemes and energy smart funds and their use and
considerations for effective design. It covers examples of financing
schemes that have been used before to target households and SMEs.
The review finds that there is some good evidence of the barriers to
scaling up renewable energy and energy efficiency for households and
SMEs, but that this is very specific to country context. There is
relatively limited evidence of the impact of financing schemes, although
some specific country level cases that take a comprehensive approach do
show some evidence of good results.
The more successful schemes recognise that responding effectively to
demand and tailoring to the local context is paramount. To ensure
sustained impact and successful exit in the future, adequate resources
are needed to reduce investor risk and close gaps in government,
consumers and civil society capacity.
Doyle, J. Renewable energy and energy efficiency financing for poorer households and small to medium enterprises. Evidence on Demand, UK (2012) 12 pp. [DOI: 10.12774/eod_hd016.dec2012.doyle]