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Unlocking Commercial Financing for Clean Energy in East Asia

Unlocking Commercial Financing for Clean Energy in East Asia
Author: Xiaodong Wang
Publisher:
Total Pages:
Release: 2014-02-11
Genre:
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.


Catalyzing Green Finance

Catalyzing Green Finance
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 276
Release: 2017-08-01
Genre: 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.


The Role of National Development Banks in Catalyzing International Climate Finance

The Role of National Development Banks in Catalyzing International Climate Finance
Author: Lucila Serra
Publisher: Inter-American Development Bank
Total Pages: 95
Release: 2013-03-12
Genre: 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.


Sustainable Energy in the Built Environment - Steps Towards nZEB

Sustainable Energy in the Built Environment - Steps Towards nZEB
Author: Ion Visa
Publisher: Springer
Total Pages: 597
Release: 2014-09-17
Genre: 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.


Paths to Sustainable Energy

Paths to Sustainable Energy
Author: Artie Ng
Publisher: BoD – Books on Demand
Total Pages: 680
Release: 2010-12-30
Genre: Technology & Engineering
ISBN: 9533074019

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The world's reliance on existing sources of energy and their associated detrimental impacts on the environment- whether related to poor air or water quality or scarcity, impacts on sensitive ecosystems and forests and land use - have been well documented and articulated over the last three decades. What is needed by the world is a set of credible energy solutions that would lead us to a balance between economic growth and a sustainable environment. This book provides an open platform to establish and share knowledge developed by scholars, scientists and engineers from all over the world about various viable paths to a future of sustainable energy. It has collected a number of intellectually stimulating articles that address issues ranging from public policy formulation to technological innovations for enhancing the development of sustainable energy systems. It will appeal to stakeholders seeking guidance to pursue the paths to sustainable energy.


Financing Sustainability

Financing Sustainability
Author: Marco Kerste
Publisher: VU Uitgeverij
Total Pages: 224
Release: 2011
Genre: 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.


Theory and Practices on Innovating for Sustainable Development

Theory and Practices on Innovating for Sustainable Development
Author: Yoram Krozer
Publisher: Springer
Total Pages: 201
Release: 2015-08-26
Genre: Business & Economics
ISBN: 3319186361

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This book explains how income growth and better environmental qualities go hand in hand, and reviews the drivers and barriers to sustainable innovation on the basis of real-life cases. It discusses why innovation-based income growth reduces environmental impacts and how the huge global markets for sustainable innovation are currently hampered by protectionist policies. Subsequently, diverse sustainable innovators are presented in ascending order of the complexity of interactions between innovators and stakeholders. In this context, innovating consumers who create communities of peers in solar powered mobility are examined in the first case. It also focuses on regional tacit inventors, who spur innovation in tourism mobility thanks to the informal policies but whose efforts are obstructed by the formalities of the European Union. Artists with an interest in both innovations and the environment develop art services that deliver experiences of environmental qualities. Though these experiences have gone unrecognised so far, they are nonetheless socially beneficial. The book also shows how technology suppliers develop four different patterns of sanitation, each with its own pros and cons for the specific community’s needs and conditions. It discusses how project developers also make innovations in office systems, including socially beneficial ones that do away with the need to commute. It includes an analysis of interactions between consumers pursuing ethical consumption and international trailblazers in corporate responsibility and concludes that it is more rewarding to support social entrepreneurs than to attempt to moralise consumers. Further analysis of interactions between sustainable investors and innovators reveals different groups’ opinions about policies and markets, helping to explains their weak influence on policies. Mushrooming local energy initiatives are now evolving into energy service companies, producing shifts on energy markets. Why these innovators emerge and how certain policies are blocking them are explained. The policies of the United States and European Union are compared with regard to the main barriers to and drivers of, the renewable energy business. Though the US invests more money and takes more risks, it is less cost-effective in terms of the number of enterprises and jobs, thanks to the feed-in tariffs in Europe. Lastly, the book also discusses policies that invest in education, skills, knowledge and know-how exchange, but instead abolish perverse?? subventions of vested interests to?? create conditions for sustainable development.


Renewable Energy Sources and Climate Change Mitigation

Renewable Energy Sources and Climate Change Mitigation
Author: Ottmar Edenhofer
Publisher: Cambridge University Press
Total Pages: 1088
Release: 2011-11-21
Genre: Science
ISBN: 9781107607101

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This Intergovernmental Panel on Climate Change Special Report (IPCC-SRREN) assesses the potential role of renewable energy in the mitigation of climate change. It covers the six most important renewable energy sources - bioenergy, solar, geothermal, hydropower, ocean and wind energy - as well as their integration into present and future energy systems. It considers the environmental and social consequences associated with the deployment of these technologies, and presents strategies to overcome technical as well as non-technical obstacles to their application and diffusion. SRREN brings a broad spectrum of technology-specific experts together with scientists studying energy systems as a whole. Prepared following strict IPCC procedures, it presents an impartial assessment of the current state of knowledge: it is policy relevant but not policy prescriptive. SRREN is an invaluable assessment of the potential role of renewable energy for the mitigation of climate change for policymakers, the private sector, and academic researchers.


Green Infrastructure Finance

Green Infrastructure Finance
Author: Roberto La Rocca
Publisher: World Bank Publications
Total Pages: 77
Release: 2012-06-06
Genre: Business & Economics
ISBN: 0821395270

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