Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) Developing Market-based Energy Efficiency Program in China (P132748) EAST ASIA AND PACIFIC | China | Energy & Extractives Global Practice | Global Environment Project | Investment Project Financing | FY 2017 | Seq No: 5 | ARCHIVED on 18-Jun-2019 | ISR37463 | Implementing Agencies: Huaxia Bank, People's Republic of China, Hebei PMO, China National Energy Conservation Center Key Dates Key Project Dates Bank Approval Date: 16-Mar-2017 Effectiveness Date: 05-Sep-2017 Planned Mid Term Review Date: 30-Apr-2020 Actual Mid-Term Review Date: -- Original Closing Date: 30-Apr-2022 Revised Closing Date: 30-Apr-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the project is to support development and implementation of China'€€s priority energy efficiency and environment programs, with a focus on improving the results measurement and verification system and developing market-based mechanisms. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1. Supporting market-based priority energy efficiency and coal cap control programs:(Cost $8.80 M) Component 2. Supporting result-based green energy financing in Jing-Jin-Ji Region:(Cost $4.50 M) Component 3. Supporting result-based environmental program in Hebei Province:(Cost $4.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The project was approved by World Bank Board on March 16, 2017, and became effective on September 5, 2017. The project has advanced successfully in the first two years of implementation. The key functions of verifying DLIs indicators for the two Program for Results (PforR) projects (i.e. "Innovative Financing for Air Pollution Control in Jing-Jin-Ji (JJJ) Region Project" and "Hebei Air Pollution Prevention and Control Program"), which this project supports are being satisfactorily fulfilled. Project activities supporting market-based priority EE and coal cap control programs are also progressing well. 6/18/2019 Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Low Low Low Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Low Low Low Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Sustainability Moderate Moderate Moderate Fiduciary Moderate Moderate Moderate Environment and Social Low Low Low Stakeholders Moderate Moderate Moderate Other -- -- -- Overall Moderate Moderate Moderate Results PDO Indicators by Objectives / Outcomes To support development and implementation of China’s priority EE and environment program IN00712094 ►Energy savings measurement, reporting and verification system improved and standardized (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target MRV system for TORs for core energy savings Value n.a. not yet due activities have been improved and designed standardized Date 16-Mar-2017 19-Dec-2018 30-Apr-2019 31-Dec-2020 IN00712095 ►Market-based mechanisms for energy savings designed and piloted (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target No Market-based TORs for core Market-based EE mechanism for energy Value not yet due activities have been trading mechanisms savings designed or designed designed and piloted piloted Date 16-Mar-2017 19-Dec-2018 30-Apr-2019 31-Mar-2022 not yet due Comments: IN00712241 ►Energy and environment results verified for the Jing-Jin-Ji Region and Hebei Province (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/18/2019 Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) Verification systems for green energy DLIs for the JJJ and DLIs for the JJJ and financing and Value No results to be verified Hebei PforR Operations Hebei PforR environmental verified Operations verified programs in JJJ Region and Hebei Province established Date 16-Mar-2017 19-Dec-2018 31-May-2019 30-Apr-2022 DLIs for the JJJ and Hebei PforR Operations verified Comments: Intermediate Results Indicators by Components Component 1. Supporting market-based priority energy efficiency and coal cap control programs IN00712242 ►Capacity built for M&V system and market-based EE mechanism (Number of people trained) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 53.00 1,200.00 Date 16-Mar-2017 19-Dec-2018 30-Apr-2019 30-Apr-2022 Study tours have been conducted. Comments: IN00712245 ►Energy savings M&V methodologies and guidelines developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 1.00 25.00 Date 16-Mar-2017 19-Dec-2018 28-Jun-2019 30-Apr-2022 A core activity will be conducted in June 2019, about 8 methodologies will be developed in 2020. Comments: IN00712247 ►Energy consumption trading schemes designed and piloted (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 16-Mar-2017 19-Dec-2018 30-Apr-2019 31-Dec-2020 Not yet due. A core activity will be conducted in June 2019 for the top-level design of EE trading. Comments: Component 2. Supporting result-based green energy financing in Jing-Jin-Ji Region IN00712243 ►Innovative financial products for green financing developed and piloted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 3.00 Date 16-Mar-2017 19-Dec-2018 06-May-2019 30-Apr-2022 IN00712246 ►Case studies for the JJJ and Hebei PforR operations developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/18/2019 Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) Value 0.00 0.00 0.00 2.00 Date 16-Mar-2017 19-Dec-2018 06-May-2019 30-Apr-2022 IN00712248 ►CO2 emissions avoided (thousand tons) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,810,000.00 2,180.00 1,969.00 Date 16-Mar-2017 19-Dec-2018 06-May-2019 30-Apr-2022 IN00712249 ►Annual energy savings(Thousand tce) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 740.00 893.00 800.00 Date 16-Mar-2017 19-Dec-2018 06-May-2019 30-Apr-2022 Intermediate target largely exceeded Comments: Component 3. Supporting result-based environmental program in Hebei Province IN00712244 ►Capacity for environmental results monitoring improved (Number of people trained) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 480.00 480.00 Date 16-Mar-2017 19-Dec-2018 06-May-2019 30-Apr-2022 The target number 480 is met. Comments: Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P132748 TF-A4256 Effective USD 17.80 17.80 0.00 2.32 15.48 13% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P132748 TF-A4256 Effective 09-Jun-2017 09-Jun-2017 05-Sep-2017 30-Apr-2022 30-Apr-2022 Cumulative Disbursements 6/18/2019 Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Developing Market-based Energy Efficiency Program in China (P132748) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/18/2019 Page 5 of 5