However, this need not be the case. The clear benchmarking of known technologies, as well as risk mitigation options, could translate into a set of expected stream cash flows that would reassure investors to move forward with investment decisions. Published in April 2009, the IEEFP was developed by the Efficiency Valuation Organization (EVO) as a reference document for local financial institutions wanting to put in place EE projects.39 After a brief summary of the main challenges and risks faced by local financial institutions, the Protocol presents a list of common EE technologies and their expected savings.