Project ID: 5061
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Technical team
- Energy Programme
Technical area(s)
- Energy efficiency
- Miscellaneous energy program
Sub-area(s)
- Buildings
- Appliances
- Cooling
- Tourism
Landscape(s)
N/A
Transformed sector(s)
- Tourism
- Energy
UNDP role(s)
- Capacity development / Technical assistance
- Innovative approaches
- Normative support
Strategy
- Law regulation
- Capacity building
- Finance economy
Sub-strategy
- Laws/ Policy/ Plan formulation
- Standards/ Labeling/ Guideline
- Institutional framework
- Technical capacity building
- Institutional capacity building
- Demonstration sites/Pilot
- Energy finance
Social inclusion
- Private sector
Gender equality
N/A
Gender result effectiveness scale
- Gender targeted
Pathway(s)
- Systems pathway
- People pathway
- Sci-tech pathway
Risk reduction target(s)
- Hazard control/mitigation
SDG target(s)
- 7.3 Double global rate energy efficiency improvement
- 8.3 Promote job-creation, entrepreneurial policies
Conventions and protocols
N/A
Private sector(s)
- Capital providers
Hot topic
- Multi-stakeholder collaboration
- Poverty reduction
About this project
Description
The MSP Objective is to remove barriers to the increased commercial use of more energy efficient electrical equipment in the small and medium-sized hotel industry in Honduras, in line with the National Strategy for Sustainable Tourism. Energy efficient markets in the power sector, in a business-as-usual scenario, face up political, financial and information barriers that need to be removed by reaching 3 outcomes and developing a group of cost-effective activities: i. enabling a more favorable policy-environment for EE, ii. creating a long-term innovative financial mechanism, the “Green Scheme”, and mobilizing existing commercial lending beyond the MSP completion, to finance a portfolio of 9 pilot-hotel investments during the MSP with commercial-oriented mechanisms such as guarantee notes, leasing, subsidized interest rates and micro-insurance, and iii. implementing an information dissemination platform to reach 400 hotels nation-wide, to achieve 40 GWh of annual savings and mitigate 319,615 tons of CO2, over a 20-year period.
Objectives
Remove barriers to the increased commercial use of energy efficient electrical equipment in the small and medium-sized (S&M) hotel .
USD $1,278,538
Grant amount
USD $8,730,000
Leveraged amount (co-financing)
1
Source(s) of fund
Sources of fund
- Global Environment Facility – Trust Fund ($1,278,538)
Implementing partner(s)
- Government of Honduras
Project metrics
Related resources
Geospatial information
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Project reports and documentation