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Frankfurt, Germany

The KfW, formerly KfW Bankengruppe , is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau . It was formed in 1948 after World War II as part of the Marshall Plan.It is owned by the Federal Republic of Germany and the States of Germany . It is led by a five-member Managing Board headed by Ulrich Schröder, which in turn reports to a 37-member Supervisory Board. The chair of the Supervisory Board changes annually between the German Federal Ministers of Finance and Economic Affairs; the chairman for 2014 is Sigmar Gabriel. Wikipedia.

Weber R.,Rural University | Weber R.,KFW | Fecke W.,Rural University | Moeller I.,Rural University | Musshoff O.,Rural University
Agricultural Finance Review | Year: 2015

Purpose – Using cotton yield, and rainfall data from Tajikistan, the purpose of this paper is to investigate the magnitude of weather induced revenue losses in cotton production. Hereby the authors look at different risk aggregation levels across political regions (meso-level). The authors then design weather index insurance products able to compensate revenue losses identified and analyze their risk reduction potential. Design/methodology/approach – The authors design different weather insurance products based on put-options on a cumulated precipitation index. The insurance products are modeled for different inter-regional and intra-regional risk aggregation and risk coverage scenarios. In this attempt the authors deal with the common problem of developing countries in which yield data is often only available on an aggregate level, and weather data is only accessible for a low number of weather stations. Findings – The authors find that it is feasible to design index-based weather insurance products on the meso-level with a considerable risk reduction potential against weather-induced revenue losses in cotton production. Furthermore, the authors find that risk reduction potential increases on the national level the more subregions are considered for the insurance product design. Moreover, risk reduction potential increases if the index insurance product applied is designed to compensate extreme weather events. Practical implications – The findings suggest that index-based weather insurance products bear a large risk mitigation potential on an aggregate level. Hence, meso-level insurance should be recognized by institutions with a regional exposure to cost-related weather risks as part of their riskmanagement strategy. Originality/value – The authors are the first to investigate the potential of weather index insurance for different risk aggregation levels in developing countries. © Emerald Group Publishing Limited.

Loschel A.,Center for European Economic Research Mannheim | Moslener U.,KFW | Rubbelke D.T.G.,CICERO Center for International Climate and Environmental Research
Energy Policy | Year: 2010

Energy security has become a popular catch phrase, both in the scientific arena as well as in the political discussion. Yet, in general the applied concepts of energy security are rather vague. This paper sheds some light on concepts and indicators of energy security. First, we conceptually discuss the issue of energy supply security and explain why it is not to handle by one science alone and what economics may contribute in order to structure the topic. After providing a brief survey of existing attempts to define or measure energy security we suggest an additional dimension along which indicators of energy security may be classified: ex-post and ex-ante indicators. Finally, we illustrate our concept on the basis of several simplified indicators. While ex-post indicators are mostly based on price developments, ex-ante indicators are to a greater extent aimed at illustrating potential problems. Our illustration suggests that it is worthwhile to take into account the market structure along with the political stability of exporting countries. © 2009 Elsevier Ltd. All rights reserved.

Moslener U.,Collaborating Center for Climate and Sustainable Energy Finance | Andreas J.,KFW
Journal of Cleaner Production | Year: 2013

This paper analyzes financial, informational and organizational barriers to energy efficiency investments for small-and medium-sized enterprises (SMEs) in China. Its findings are based on a survey of 480 SMEs in Zhejiang province, and complemented by semi-structured interviews with enterprises contained in the survey sample. Responses reveal that only a minority of SMEs in China actively perform energy saving activities at a significant level. The survey data suggest, further, that informational barriers are the core bottleneck inhibiting energy efficiency improvements in China's SME sector. Financial and organizational barriers also influence a company's energy saving activities, with interview-based evidence stronger than statistical evidence. The interviews point out three additional barriers to energy saving activities: The role of family ownership structures, lax enforcement of government regulations and the absence of government support as well as a lack of skilled labor. More than 40% of enterprises in the sample declared themselves unaware of energy saving equipment or practices in their respective business area, indicating that there are high transaction costs for SMEs to gather, assess, and apply information about energy saving potentials and relevant technologies. One policy implication of the study is that the Chinese government could play a more active role in fostering the dissemination of energy-efficiency related information in the SME sector.

Hsu J.,London School of Hygiene and Tropical Medicine | Zinsou C.,Population Services International | Parkhurst J.,London School of Hygiene and Tropical Medicine | N'Dour M.,Population Services International | And 3 more authors.
Health Policy and Planning | Year: 2013

Background Behavioural interventions have been widely integrated in HIV/AIDS social marketing prevention strategies and are considered valuable in settings with high levels of risk behaviours and low levels of HIV/AIDS awareness. Despite their widespread application, there is a lack of economic evaluations comparing different behaviour change communication methods. This paper analyses the costs to increase awareness and the cost-effectiveness to influence behaviour change for five interventions in Benin.Methods Cost and cost-effectiveness analyses used economic costs and primary effectiveness data drawn from surveys. Costs were collected for provider inputs required to implement the interventions in 2009 and analysed by 'person reached'. Cost-effectiveness was analysed by 'person reporting systematic condom use'. Sensitivity analyses were performed on all uncertain variables and major assumptions.Results Cost-per-person reached varies by method, with public outreach events the least costly (US$2.29) and billboards the most costly (US$25.07). Influence on reported behaviour was limited: only three of the five interventions were found to have a significant statistical correlation with reported condom use (i.e. magazines, radio broadcasts, public outreach events). Cost-effectiveness ratios per person reporting systematic condom use resulted in the following ranking: magazines, radio and public outreach events. Sensitivity analyses indicate rankings are insensitive to variation of key parameters although ratios must be interpreted with caution.Conclusion This analysis suggests that while individual interventions are an attractive use of resources to raise awareness, this may not translate into a cost-effective impact on behaviour change. The study found that the extensive reach of public outreach events did not seem to influence behaviour change as cost-effectively when compared with magazines or radio broadcasts. Behavioural interventions are context-specific and their effectiveness influenced by a multitude of factors. Further analyses using a quasi-experimental design would be useful to programme implementers and policy makers as they face decisions regarding which HIV prevention activities to prioritize. © 2012 The Author.

Bouzarovski S.,University of Birmingham | Petrova S.,University of Birmingham | Sarlamanov R.,KFW
Energy Policy | Year: 2012

Once confined to the UK context - where it was struggling to receive political recognition for years - the concept of energy (or fuel) poverty is slowly entering the EU's agenda, where it has crept into a number of regulatory documents and policy proposals. Using evidence gathered from an international workshop and semi-structured interviews with decision-makers, experts and advocacy activists in Brussels and Sofia, this paper explores the adoption of policies aimed at addressing energy poverty within (i) the organisational context of the EU; and (ii) national state institutions in Bulgaria - a member state facing considerable problems at the energy affordability - social inequality nexus. While the former are largely nascent and poorly co-ordinated, the latter have already been implemented de jure to a significant extent. However, many unresolved issues surrounding their de facto implementation remain. At the same time, national policy makers remain largely unaware of the existence of direct energy poverty related initiatives at the EU level. © 2012 Elsevier Ltd.

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