Given their convening power, technical expertise and their ability to mitigate risks, multilateral and national development banks are particularly well placed to coordinate these activities, globally, and at the regional and country levels.
In the past few decades, China has experienced rapid growth in coal power, leading to the country’s increased CO2 emissions, which reached 8.25 billion tons in 2012 (IEA).
A low-carbon energy system consistent with avoiding the most damaging effects of climate change could free up trillions of dollars over the next 20 years to invest in better economic growth.
This paper assesses the impact of a potential transition, looking not just at the investment required and the impact of a transition on the value of existing assets, but also looking more broadly at other factors that could affect the financial capacity of the global financial system, including operating expenses, risk, and the lifespan of inves
The Government of India has set ambitious targets for renewable energy — a doubling of existing renew- able energy capacity to 55,000 MW by 2017. However, unsubsidized renewable energy is still 52-129% more expensive than conventional power, and requires policy support.
Renewable energy financing in emerging economies faces particularly daunting challenges, but there are creative policy solutions that could potentially reduce the cost of renewable energy support by as much as 30%.
Financing of renewable energy in India: Implications for policy - A presentation by Gireesh Shrimali, David Nelson, Shobhit Goel, Charith Konda, Raj Kumar at the 4th National Research Conference on Climate Change, Indian Institute of Technology, Madras, October 26-27, 2013.
Institutional investors, which together manage assets of over $70 trillion, often have investment objectives that are aligned with the investment profile of infrastructure. At first glance, access to this large pool of capital and the alignment of objectives should help lower the costs of financing renewable energy.
In 2008, India’s National Action Policy on Climate Change (NAPCC) set a target, called the Renewable Purchase Obligation (RPO), to produce 15% of the country’s electricity with renewable energy sources by 2020.
This new report published by Climate Policy Initiative (CPI) analyzes the challenges for designing national policy that will attract the investment needed to spur rapid growth in wind and solar energy at a reasonable cost.
