 |
answer text |
<p>In order to ensure value for money, the Clean Technology Fund (CTF) Investment
Criteria (2009) has six objectives, of which cost-effectiveness is one. The other
objectives are Potential for GHG Emissions Savings, Demonstration Potential at Scale,
Development Impact, Implementation Potential and Additional Costs and Risk Premium.</p><p>
</p><p>The financial eligibility threshold of $200 per tonne of CO<sub>2</sub> equivalent
is in place to safeguard value for money. This threshold was based on the International
Energy Agency’s Energy Technology Perspectives 2008 Report, as the lower-end estimate
of the marginal incentive needed to achieve a reduction of global GHG emissions to
50% by 2050. The average total investment cost per tonne achieved in the CTF is $39.60
(£26.40), which is significantly below this threshold.</p><p> </p><p>More information
is available in the document <em>Climate Investment Funds (2009), Clean Technology
Fund Investment Criteria for public sector operations. </em></p>
|
|
