Europe and Central Asia - Scaling Up Energy Efficiency in Europe and Central Asia Program Using the Multiphase Programmatic Approach (MPA) - Chair Summary

Jul 19, 2026

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Executive Directors approved a US$1.46 billion equivalent financing envelope for the Scaling Up Energy Efficiency in Europe and Central Asia (E3) Program using the Multiphase Programmatic Approach (MPA), including Phase 1 loans for Türkiye and Moldova. The discussion centered on rationale and incentives for energy efficiency, with emphasis on replicability, scalability, and knowledge sharing across regional MPAs and energy projects. Directors highlighted integration of Country Climate and Development Reports, outreach to future beneficiary countries, risk mitigation via a country-led approach, and the role of a robust results framework. Continued collaboration with IFC and MIGA and cross-learning with ECARES were encouraged.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Executive Directors’ Approval and Financing Envelope

Program Scope: Phase 1 in Türkiye and Moldova

Rationale and Incentives for Scaling Up

Replicability, Scalability, and Knowledge Sharing

Integration of CCDR Insights and Outreach

Results Framework and Risk Mitigation

Collaboration with IFC/MIGA and Cross-Learning

Public Disclosure Authorized Public Disclosure Authorized Europe and Central Asia Scaling Up Energy Efficiency in Europe and Central Asia Program Using the Multiphase Programmatic Approach (MPA) Including Phase 1 Loans to Türkiye and Moldova Chair Summary* June 25, 2024 Executive Directors approved the proposed financing envelope in the amount of US$1.46 billion equivalent for the Scaling Up Energy Efficiency in Europe and Central Asia (E3) Program using the Multiphase Programmatic Approach (MPA), including Phase 1, the Türkiye Second Energy Efficiency in Public Buildings Project and the Sustainable Transition Through Energy Efficiency in Moldova Project, as stated in the Memorandum and Recommendation of the President. They noted the opportunity for supporting countries in scaling up and accelerating energy efficiency consistent with COP28 targets, Sustainable Development Goal 7, and national climate commitments. Directors discussed the rationale of using the MPA for this program and underscored the importance of ensuring incentives for energy efficiency. They stressed the need to promotereplicability, scalability, and knowledge sharing of this program and asked about the link of the regional MPAs to energy GCPs. They encouraged the MPAs in support of more programmatic operational responses to focus on sharing lessons and generating capacity for greater and scalable impacts. They also acknowledged the program’s targeted efforts to support the climate agenda and increase participation of women across the energy efficiency value chain. Directors appreciated the integration of insights from the Country Climate and Development Reports (CCDR) into the program’s design for Türkiye and Moldova respectively. They emphasized the importance of outreach to engage potential beneficiary countries, including countries with higher energy intensity in subsequent phases of the E3 program. Directors appreciated the mitigating measures and the Program’s country-led approach to addressing implementation risks. They underscored the importance of a solid results framework and integration of lessons learned to maximize impact. Directors called for continued collaboration with IFC and MIGA in promoting regulatory reforms and mobilizing private investment for scaling up energy efficiency. They encouraged crosslearning with the Europe and Central Asia Renewable Energy Scale-Up Program (ECARES) to enhance economic opportunities and resilience across the region. *This Summary is not an approved record.

FAQs

What financing did the Executive Directors approve for the E3 program?

They approved a proposed financing envelope of US$1.46 billion equivalent for the Scaling Up Energy Efficiency in Europe and Central Asia (E3) Program using the MPA.

Which countries and projects are included in Phase 1?

Phase 1 includes Türkiye’s Second Energy Efficiency in Public Buildings Project and the Sustainable Transition Through Energy Efficiency in Moldova Project.

What was emphasized about program design and scaling?

Directors emphasized incentives for energy efficiency and the need for replicability, scalability, and knowledge sharing, supported by a solid results framework and integration of lessons learned.

Jul 19, 2026

Upload by Oliver