[PDF] Public Finance Mechanisms To Catalyze Sustainable Energy Sector Growth eBook

Author : Xiaodong Wang
Publisher :
Page : pages
File Size : 34,1 MB
Release : 2014-02-11
Category :
ISBN : 9781306155786

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In East Asia, all middle-income countries have national targets for energy efficiency and renewable energy, and some even have targets for carbon reduction. However, a major hurdle to achieving a sustainable energy path is mobilizing the required financing. Although the lion's share of the investments are expected to come from the private sector, the challenge facing policy makers is how to unlock this commercial financing most cost effectively to scale up clean energy investments.Written for an audience of government decision makers in middle-income and high-income countries, international financing communities, and practitioners, this report draws lessons to date from recent experience in applying public financing instruments and attempts to address the following issues: when and under what circumstances to use public financing instruments; which instrument to select; and how to design and implement them most effectively. First and foremost, effective and conducive policies are essential to catalyzing commercial investment in clean energy. Energy efficiency policies should aim to remove market barriers and failures, thereby creating market demand. Renewable energy policies that compensate investors for the cost gap between renewables and fossil fuels are a prerequisite to renewable energy financing. Once the right policy regime has been put in place, public financing mechanisms designed to mitigate risks and close financing gaps proved to play a major catalytic role in kick-starting substantial investments in clean energy. Public financing mechanisms for energy efficiency are particularly important to mitigating financiers' risk perceptions, to aggregating small deals, and to enhancing the interest and capacity of domestic banks. Public financing for renewable energy can provide long-term tenure to match the long pay-back period, mitigate technology risks, and increase access to financing for small and medium enterprises.The selection of public financing instruments should be tailored to the market barriers, the targeted market segments, the regulatory environment, and the maturity of the financial market. Engaging domestic banks through credit lines and guarantees has had the greatest impact in unlocking private financing. Dedicated funds and mezzanine and equity funds are effective at increasing access to financing for small and medium enterprises and clean energy start-ups. Finally, the impact of public financing instruments can be substantially increased if they are packaged with technical assistance.

Author : Charles W Donovan
Publisher : World Scientific
Page : 366 pages
File Size : 18,5 MB
Release : 2015-06-23
Category : Business & Economics
ISBN : 178326778X

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The future of clean energy is no longer about science and technology; it's all about access to finance. The fossil fuel industry has been subsidized for decades with tax breaks and government backing, while renewables have struggled to compete. But now clean energy is the safe bet for investors, as is argued in Renewable Energy Finance: Powering the Future, edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School.With a foreword by Lord Brown and contributions from some of the world's leading experts in energy finance, this timely book documents how investors are spending over US$250 billion each year on new renewable energy projects and positioning themselves in a global investment market that will continue to expand at double-digit growth rates until 2020. It documents first-hand experiences of the challenges of balancing risk and return amid volatile market conditions and rapid shifts in government policy.Renewable Energy Finance provides an insider's perspective on renewable energy transactions, and insight into how countries like the US, India and China are responding to the global energy challenge. Drawing together contributions from senior executives and leading academics, Renewable Energy Finance serves an audience of readers craving intelligent, practical perspectives on the future of clean energy investment.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 276 pages
File Size : 22,29 MB
Release : 2017-08-01
Category : Business & Economics
ISBN : 9292578561

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A large financing need challenges climate-adjusted infrastructure in developing Asia, estimated at $26 trillion till 2030. This necessitates crowding-in private sources to meet financing, efficiency, and technology gaps. However, a lack of bankable projects is a major hurdle. This publication suggests one possible innovative financing approach. The Green Finance Catalyzing Facility (GFCF) proposes a blended finance framework for governments and development entities to better leverage development funds for risk mitigation, generate a pipeline of bankable green infrastructure projects, and directly catalyze private finance. The GFCF provides useful inputs for the current debate on mainstreaming green finance into country financial systems.

Author : Marco Kerste
Publisher : VU Uitgeverij
Page : 224 pages
File Size : 18,71 MB
Release : 2011
Category : Business & Economics
ISBN : 9086595596

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Sustainability thinking is rapidly gaining traction. It offers an inspiring vision for the future of the world and provides significant business and investment opportunities. Based on insights from over 300 empirical studies, this book explores the possibilities in the field of renewable energy finance, carbon trading, and sustainable investing. In addition, it describes innovative finance mechanisms – such as green bonds and peer-to-peer lending – that may further spur environmental and social sustainability. By taking an empirical, fact-based approach, this book aims to provide investors, business executives, and policymakers with a more thorough understanding of how sustainable finance can create value for business and society. Key words: Sustainable finance, renewable energy finance, cleantech, green investing, sustainable investments, responsible investments, carbon trading, carbon finance, ESG, impact investing.

Author : Joseph Nyangon
Publisher : BoD – Books on Demand
Page : 262 pages
File Size : 29,65 MB
Release : 2021-03-10
Category : Technology & Engineering
ISBN : 1838801979

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This book examines the technical, market, and policy innovations for unlocking sustainable investment in the energy sector. While finalizing this book, the COVID-19 pandemic is cutting a devastating swath through the global economy, causing the biggest fall in energy sector investment, exacerbating the global trade finance gap, worsening signs of growing income inequality, and devastating the health and livelihoods of millions. What is the parallel between the COVID-19 pandemic and the climate change crisis? The impacts of the global pandemic are expected to last for a few years, whereas those associated with the climate crisis will play out over several decades with potentially irreversible consequences. However, both show that the cost of inaction or delay in addressing the risks can lead to devastating outcomes or a greater probability of irreversible, catastrophic damages. In the context of sustainable energy investment and the transition to a low-carbon, climate-resilient economy, what ways can financial markets and institutions support net-zero-emission activities and the shift to a sustainable economy, including investment in energy efficiency, low-carbon and renewable energy technologies? This book provides students, policymakers, and energy investment professionals with the knowledge and theoretical tools necessary to address related questions in sustainable energy investment, risk management, and energy innovation agendas.

Author : Lucila Serra
Publisher : Inter-American Development Bank
Page : 95 pages
File Size : 21,37 MB
Release : 2013-03-12
Category : Business & Economics
ISBN :

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Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is needed to unlock additional financial resources and foster a sustainable investment pathway. Overcoming barriers to private sector investments is critical, and international climate finance can play a catalytic role in this regard. National development banks (NDBs) have a unique role in this context, both complementing and catalyzing private sector players. This publication discusses the unique role that NDBs could play in scaling up private financing for climate change mitigation projects through the intermediation of international and national public climate finance in their respective local credit markets and the conditions that would be needed for them to be most effective. It draws from experiences in international climate finance and best practices, processes, and products of NDBs within the Latin American and Caribbean region.

Author : Roberto La Rocca
Publisher : World Bank Publications
Page : 77 pages
File Size : 31,76 MB
Release : 2012-06-06
Category : Business & Economics
ISBN : 0821395270

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Author : Ion Visa
Publisher : Springer
Page : 597 pages
File Size : 19,19 MB
Release : 2014-09-17
Category : Technology & Engineering
ISBN : 3319097075

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This book addresses the main challenges faced today in implementing the Nearly Zero Energy Buildings (nZEB) concept. The book starts with a chapter that addresses problems related to the energy demand and renewable energy sources available in the built environment, along with the restrictions and opportunities in developing sustainable, efficient and affordable solutions, also gaining aesthetic and architectural acceptance. Advanced solutions to cover the energy needs by using various renewable-based energy mixes are presented in two chapters. These two chapters discuss the problem of conversion efficiency at the level of components and systems, aiming at giving value to the variable renewable energy sources, in producing thermal and electric energy. The concept is discussed further in a chapter on advanced solutions for water re-use and recycling wastes as second raw materials. The need for new strategies and implementation tools, for education and training is addressed in the final chapter as part of the nZEB concept, towards sustainable communities. The sub-chapters of the book were openly presented during the 4th Edition of the Conference for Sustainable Energy, held 6-8 November, 2014 and organized by the R&D Centre Renewable Energy Systems and Recycling at the Transilvania University of Brasov, Romania. This event was developed under the patronage of the International Federation for the Promotion of Mechanism and Machine Science (IFToMM), through the Technical Committee Sustainable Energy Systems.