San Giorgio Group Case Study: Prosol
Published: June, 2012
Program Solaire, Tunisia
Program Solaire (Prosol) is an incentive program that promotes residential solar water heaters in Tunisia. In the early 2000s, the deployment of solar water heaters remained low due to fossil fuel subsidies. The Tunisian government had attempted to discontinue the fossil fuel subsidies, but a public outcry caused policymakers to abandon this course of action. Prosol sought other strategies to increase installations of solar water heaters, and succeeded in increasing installations fivefold. Importantly, the Prosol program is paying for itself; avoided fossil fuel subsidies are more than covering government support for solar water heaters.
About the San Giorgio Group case studies
In October 2011, Climate Policy Initiative (CPI) and the World Bank Group, in collaboration with China Light & Power (CLP) and the Organization for Economic Cooperation and Development (OECD), hosted the inaugural meeting of the San Giorgio Group, a new working group of key financial intermediaries and institutions actively engaged in providing green, low-emissions finance.The mission of the San Giorgio Group is to provide valuable insights on how to scale up climate finance and spend available resources more wisely.
To this end, Climate Policy Initiative is examining a series of case studies to determine how the use of public money can catalyze and incentivize private investment in low carbon technologies, and to draw lessons for scaling up green finance.
- climate finance
- solar water heaters