ESI AROUND THE WORLD
The ESI model has been launched in Mexico and Colombia in partnership with the Inter-American Development Bank, and local financial institutions.
The ESI model is currently being implemented in El Salvador, Nicaragua, Brazil, Peru, Argentina and Paraguay. Energy Savings Insurance has also raised interest and is being analysed in Mongolia, Chile, Mauritius, Turkey and India.
Technology providers are engaged in the promotion of the ESI model, including international and local manufacturers, distributors and engineering firms specialised in air conditioning systems, industrial boilers, engines, micro-cogeneration.
In Mexico, the ESI model implementation is expected to stimulate USD 25 million of investment in 190 energy efficiency projects in the agro-industry sector through 2020. The energy savings insurance is provided by one of the largest surety bonds companies in the country.
In Colombia, the ESI model implementation aims to promote investments in energy efficiency in the hospital and healthcare sectors, and is expected to help mobilise USD 20 million in investments, and support 104 firms to reduce about 13,977 tCO2e/year. The energy savings insurance is provided by one of the largest insurance companies in South America.
ESI was recognized by the Global Innovation Lab for Climate Finance as one of the most promising instruments to mobilize private sector investments in energy efficiency. ESI also features in the G20 Energy Efficiency Investment Toolkit.
