43rd OEWG iFOREST Side Event
Title: Financing Energy Efficiency under the Montreal Protocol

Abstract: The Montreal Protocol was established for a complete phaseout of ozone-depleting substances (ODS). The subsequent Kigali Amendment to the Montreal Protocol that came into effect in January 2019, was a natural next step to phase-down high global warming potential (GWP) hydrofluorocarbon (HFC) gases. This amendment is an opportunity to abate 0.40C of warming by the end of the century. While the amendment focuses on transitioning away from high-GWP HFCs, its implementation looks beyond into aspects such as energy efficient cooling.

At this time, while several Article 5 countries are gearing up for the Kigali Amendment to come into force, there is a need to examine modalities through which energy efficiency can be operationalised across cooling projects. A critical element here is to understand how energy efficiency can be financed by the Multilateral Fund (MLF) setup for the Montreal Protocol. Parties are currently attempting to understand the source of such funding - MLF or external and the specific mechanism for either option, albeit with little progress.

Through this panel discussion we aim to present our analysis on operationalising funding for energy efficiency as a part of the Kigali Amendment. With experts from across the world, we aim to further follow up this assessment with an in-depth discussion on the way ahead for financing energy efficiency for cooling projects.

For information please contact:
Ms. Apurupa Gorthi
Research Associate
International Forum for Environment, Sustainability and Technology (iFOREST)
apurupa@iforest.global
925 3300 4832

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