alGEFCouncilandCEOendorsementa dIFCmanagementapproval.Countryprogramsf
thefourcountries(CzechRepub       gary,Latvia,andthePhilippines)inthes
ondTrancheareexpectedt    menc inDe    er1999,follow           o    hE
ojectappraisalforth   countryp ogramsan  ubjecttofin           l   ors
ent.Thisdocuments  vesasth          tDoc   ntfortheE           o ntryp
gramsinArgentin   eru,  dSout  frica   The  obalmark            ntligh
ngtechnologiesh sexp  ienc         cha  eove thepast          withgrea
yexpandedgloba manu act  ingc  acit  rap  te  nologi         tion,ands
rplyreducedp  duc  ri  s.Thep  ential  ff  io  fnewl       technologie
ntorapidlyex and  gb ildi   n  a   ity  fr  t  cture     ydevelopingco
tryeconomie  ro  se awe  thof  cial eco omi ,a  envi    entalbenefits.
esEmarketco dit onscrea ean     tuni yfo EL co  trie  obypasssomeofthe
efficientus sof ap tal nd         nt  co ts     iatedwiththedevelopmen
athfollow                                      er,developingcountryeco
mieshave,so ar,lar ely ai         te  i ien li htingtechnologiesdespit
hebenefitst eyr prese  .Th       dop or un  y  sultsfromasetofwell-doc
entedbarrie  th tof enc ara    ize  er ing a  ets.Theseinclude:lts100M
ormation,hi  up  ro  pr   ct  st   a  off nancingmechanisms,andrelativ
yundeveloped  rk  swi  lit      cec mpet tionandlimitedproductavailabi
ty.4.ELIisamar eta  eler         rt.As  scribedintheELIProjectConceptD
ument,thEprogra  ra   ponele  ntsoft eIFC/GEFPolandEfficientLightingPr
ect(PELP),aGEfpi   pha     j ct    ellasavarietyofotherGEFandnon-GEFen
gyefficiencypromoti   ffort  romaro ndtheworld,andappliesthelessonslea
edfromthisbodyofexper             inatedmulti-countryinitiative.ELI'si
actwillbemeasuredlessbyshor  termincreasesinsalesofefficientlightingpr
uctsthanbytheindirectinfluenceELIhasinnurturingandstimulatingexpandedp
t-programmarketsforenergyefficientlightingoverthemediumterm.Theseindir
teffectswillbemeasuredbyindicatorssuchas:*Expandedconsumerknowledgeofe
icientlightingoptions;*Increasedavailabilityofefficientlightingtechnol
y;*Enhancedcompetitionbetweenefficientlightingproducts;*Lowerretailpri
s;*In re sedavailabilityofconsumerfinancingforefficientlightingpurchas
;and1 s100Max.mrktpenetrationarplyreducedproductprices.Thepotentialdif
Increasedcapacityamonglightingprofessionalstoprovideefficientlightings
      5.ELIseekstoacceleratetherateofmaturationoffledglingefficientlig
          ,increasingsalesvolumesintheELIcountriestolevelsthatotherwis
       havebeenreacheduntilsignificantlylat    theproductdevelopmentan
arketingcycle.ELI'sobjectivEistoshiftthemar    enetrationcurvefollowed
newproductsinordertorealizeeconomicandenvir     talbenefitsthatotherwi
wouldhavebeenlost(seEELIMarketTransformatio     reI-1).C6.FigureI-1rep
sentsthE120penetrationofefficientlightingpr     s100Max.mrktpenetratio
ntoanexamplemarketovertimeasa80percentageof     talfinalsaturationatma
etmaturity.3TheareabeneaththE60Withlowercurv     stheprojectedmarket40
iWithoutpenetrationofefficienttechnology20EL     outELI'sintervention.
0acceleratingtechnologyuptake,ELi13579111315      increasestherateofma
etpenetration,Yearsthusshiftingtheproductpen       nAdditionalwithELIc
veattheearlystagesofmarketFigureI-1developme       ncreasesthEpenetrat
nofefficienttechnologybythEamountrepresented        dedareabetweenthet
curves.ThisarearepresentstherelativEscaleofi        benefitsassociated
thsavingelectricityandavoidingtheemissionsof        segases(GHGs)thatw
ldnothaveoccurredbutfortheinterventionofELI.        gramapproachesthat
fineELIareapplicabletothefullrangeofefficientlightingtechnologies.Loca
arketconditionswilldeterminewhichtechnologiesarepromotedineachcountry.
Iwillseektobuildmarketsthrougheffortsintheresidential,commercial,andin
strialsectors,againasdeterminedbytheopportunitiespresentineachcountry.
I'sobjectiveimpactsarealso,bydefinition,sustainableintheirfocusonenhan
dmarketperformanceandmobilizationatprivatesectorfinaechnologieshasexpe
.TheGEFCouncilprovideditsinitialendorsementforUS$15millioninconcession
fundingtoimplementtheEfficientLightingInitiative(ELI)aspartoftheJuly19
intersessio                       lti-facettedefforttoacceleratethegro
hofmarketsf                       ngtechnologiesinsevenselectedGEF-eli
blerecipien                    edintheProjectConceptDocument,theprojec
illbeimplem              es.Countryprogramsarescheduledtobeginimplemen
tioninJune1        owingcompletionofprojectappraisalforthefirstcountri
includedinE   sfirsttranche(Argentina,PeruandSouthAfrica)andsubjecttof