Public Disclosure Copy
The World Bank                                                       Implementation Status & Results Report
CZ - GREEN INVESTMENT SCHEME (P114304)
CZ - GREEN INVESTMENT SCHEME (P114304)
EUROPE AND CENTRAL ASIA I Czech Republic I Environment Global Practice |
Carbon Offset I FY 2010 | Seq No: 8 ARCHIVED on 23-Apr-2015| ISR18744 I
Implementing Agencies: State Environment Fund
Project Development Objectives
Project Development Objective (from Project Appraisal Document)
The objective of the Project is to purchase AAUs or 'emission allowances' based on Article 17 of the Kyoto Protocol for the World Bank Carbon
Funds and support reduction of C02 emissions and air pollutants, increase the use of renewable energy, and improve energyefficiency in the
residential sector of the Czech Republic.
Has the Project Development Objective been changed since Board Approval of the Project Objective?
No
Key Dates
Key Project Dates
Board Approval date:28-May-2010                         Effectiveness Date:28-May-2010
Planned Mid Term Review Date:03-Jun-2013                Actual Mid-Term Review Date:08-Jun-2013
Original Closing Date:30-Apr-2015                        Revised Closing Date:30-Apr-2015
Overall Ratings
Name                                                     Previous Rating               Current Rating
Progress towards achievement of PDO                      0 Satisfactory                 0 Satisfactory
Overall Implementation Progress (IP)                     * Satisfactory                 * Satisfactory
Overall Risk Rating                                      *Low                           *Low
Implementation Status and Key Decisions
The Project is scheduled to close on April 30, 2015. The total number of eligible applications for the Czech Republic GIS Programme has reached
74,061 and since 2010, the GIS Program is no longer accepting additional applications. The World Bank funds (under all four agreements signed
with the Spanish Carbon Fund, the Carbon Fund for Europe, and the Italian Carbon Fund) have been fully disbursed in accordance with the
Assigned Amount Purchasing Agreements (AAUPAs). There continues to be a high level of satisfaction expressed by the applicants, as evidenced
through the latest site visits in June 2014. Energy consumption has decreased sometimes by 50 percent, which leads to greenhouse gas emission
reductions, and the agreed greening ratios being met or exceeded.
4/23/2015                                                                                              Page 1 of 2
Public Disclosure Copy


Public Disclosure Copy
The World Bank                                                         Implementation Status & Results Report
CZ - GREEN INVESTMENT SCHEME (P114304)
Risks
Systematic Operations Risk-rating Tool
Risk Category                                 Rating at Approval       Previous Rating       Current Rating
Political and Governance                       --                       Low                  0Low
Macroeconomic                                  --                       Low                  *Low
Sector Strategies and Policies                 --                        Low                 0 Low
Technical Design of Project or Program          --                       Low                 0 Low
Institutional Capacity for Implementation and                          0 Low                 0 Low
Sustainability
Fiduciary                                      --                       Low                  *Low
Environment and Social                         --                       Low                  0 Low
Stakeholders                                   --                       Low                  *Low
Other
Overall                                        --                       Low                  *Low
Related Project(s)
P1 17334-AF-CZ GIS/AAU TRADE
4/23/2015                                                                                                 Page 2 of 2
Public Disclosure Copy