Chile: Montreal Protocol implementation programme, phase II, second tranche (UNEP/OzL.Pro/ExCom/26/27)
Having taken note of:
(a) The comments and recommendations of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/26/16, paras. 36-38);
(b) The statement made during the meeting of the Sub-Committee by the representative of the World Bank to the effect that the overall cost-effectiveness of the rigid foam projects funded under the programme would be set at $5.77, which was the average of the World Bank’s projects in that area and that no projects in the sector would have a cost-effectiveness ratio in excess of $7.04 per kilogramme, which was 90 per cent of the threshold agreed by the Executive Committee. For the domestic refrigeration sector, the overall cost-effectiveness of projects funded would be $7.13 per kilogramme and $9.73 for conversion to hydrocarbon technology. No project in the sector would have a cost-effectiveness of more than $12.38 per kilogramme, which was 90 per cent of the cost-effectiveness ratio approved by the Executive Committee for the sector;
the Executive Committee decided to approve the above project at the level of funding indicated in Annex III to the present report.