The World Bank Report No: ISR15682 Implementation Status & Results China Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Public Disclosure Copy Operation Name: Green Energy Schemes for Low-carbon City in Shanghai, Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 30-Aug-2014 China (P127035) Country: China Approval FY: 2013 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Financial Intermediary Loan Implementing Agency(ies): Changning District Government (Shanghai), Shanghai Pudong Development Bank, Bank of Shanghai Key Dates Board Approval Date 20-Mar-2013 Original Closing Date 31-Dec-2018 Planned Mid Term Review Date Last Archived ISR Date 24-Jun-2014 Effectiveness Date 06-Sep-2013 Revised Closing Date 31-Dec-2018 Actual Mid Term Review Date Project Development Objectives Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) Project Development Objective (from Project Appraisal Document) The project development objectives are to pilot green energy schemes and scale up low-carbon investments in buildings in Shanghai, with a focus on Changning district. Has the Project Development Objective been changed since Board Approval of the Program? Yes No Green Energy Schemes for Low-carbon City in Shanghai (P127034) Global Environmental Objective (from Project Appraisal Document) The Global Environment Objective is to support Shanghai’s low-carbon city development by promoting green energy schemes, with a focus on Changning district. Has the Global Environmental Objective been changed since Board Approval of the Program? Yes No Public Disclosure Copy Component(s) Component Name Component Cost 1. Technical Assistance and Near Zero-emission Building 4.35 2. Low-Carbon Investments 100.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Progress towards achievement of GEO Satisfactory Satisfactory Page 1 of 4 The World Bank Report No: ISR15682 Previous Rating Current Rating Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Public Disclosure Copy Implementation Status Overview A supervision mission has been conducted in early June shortly after the filing of the previous ISR. This ISR captures the updates and the actions agreed from the recent mission. The overall implementation status of the project remain unchanged since the previousISR: The project was effective on Sept. 6, 2013. The Bank has approved three prior review sub-projects, two from the Bank of Shanghai and one from Shanghai Pudong Development Bank, with a total IBRD loan of $2.4 million, due to small size of each building retrofit sub-project. However, both PFIs have just signed the subsidiary loan agreements with the district government, so they have not requested funds from the Bank. It remains difficult for the participating banks (PFIs) to develop a robust IBRD lending pipeline for building retrofit, partly because building owners are reluctant to retrofit and partly because the PFIs are on a learning curve. The subsidiary loan agreements between the district govt. and PFIs were reviewed and deemed satisfactory by the Bank team, as a result, the disbursement conditions have been lifted. The GEF trust fund was activated by the end of Nov. 2013, and a number of GEF-supported activities are under implementation. But the GEF implementation progress has been slow as well, partly due to a short of PMO staff. Locations No Location data has been entered Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Annual energy savings supported by the Tones/year Value 0.00 3689.00 76000.00 investments under the project (Tons of coal Date 01-Jul-2013 07-Jul-2014 30-Jun-2018 equivalent) Comments Annual CO2 emission reduction supported by Tones/year Value 0.00 9067.00 165000.00 the investments under the project (Tons of coal Date 01-Jul-2013 07-Jul-2014 30-Jun-2018 equivalent) Comments Public Disclosure Copy Global Environmental Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Accumulated carbon intensity per unit of GDP Percentage Value 100.00 100.00 77.40 in Changning District (Percentage). Date 31-Dec-2010 17-Apr-2013 30-Jun-2018 Comments Intermediate Results Indicators Page 2 of 4 The World Bank Report No: ISR15682 Indicator Name Core Unit of Measure Baseline Current End Target Innovative policies piloted under the Project in Text Value none Completed relation to green-energy retrofitting of buildings Date 01-Jul-2013 17-Apr-2013 30-Jun-2016 Public Disclosure Copy Comments Online energy monitoring platform established Number Value 100.00 150.00 160.00 under the Project Date 01-Jul-2013 07-Jul-2014 30-Jun-2016 Comments At least one (1) near zero-emission building Text Value none Completed piloted under the Project Date 01-Jul-2013 17-Apr-2013 30-Jun-2018 Comments Innovative financing mechanisms developed Text Value none Completed under the Project for green-energy retrofitting Date 01-Jul-2013 17-Apr-2013 30-Jun-2016 of buildings Comments At least one (1) distributed generation center Text Value none Completed built under the Project Date 01-Jul-2013 17-Apr-2013 30-Jun-2018 Comments Non-motorized transport system piloted under Text Value none Completed the Project Date 01-Jul-2013 17-Apr-2013 30-Jun-2017 Comments Low-carbon investments supported by the Amount(USD) Value 0.00 2390000.00 246000000.00 Project Date 01-Jul-2013 07-Jul-2014 30-Jun-2018 Comments Data on Financial Performance (as of 01-Jan-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date Public Disclosure Copy P127035 IBRD-82330 Effective 20-Mar-2013 14-Jun-2013 06-Sep-2013 31-Dec-2018 31-Dec-2018 P127034 TF-14205 Effective 14-Jun-2013 14-Jun-2013 06-Sep-2013 31-Dec-2018 31-Dec-2018 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P127035 IBRD-82330 Effective USD 100.00 100.00 0.00 0.25 99.75 0.00 P127034 TF-14205 Effective USD 100.00 4.34 0.00 0.50 3.85 12.00 Disbursement Graph Page 3 of 4 The World Bank Report No: ISR15682 Public Disclosure Copy Key Decisions Regarding Implementation The project was effective on Sept. 6, 2013. The subsidiary loan agreements between the district govt. and PFIs were reviewed and deemed satisfactory by the Bank team, as a result, the disbursement conditions have been lifted. The Bank has approved three prior review sub-projects, two from the Bank of Shanghai and one from Shanghai Pudong Development Bank, with a total IBRD loan of $2.4 million. A number of GEF-supported activities are under implementation. But both IBRD and GEF project implementation has been slow. Restructuring History There has been no restructuring to date. Related Projects P127034-Green Energy Schemes for Low-carbon City in Shanghai Public Disclosure Copy Page 4 of 4