Unlocking Commercial Financing for Clean Energy in East Asia

Language: English

Published by World Bank Publications Okt 2013, 2013

1464800200 / 9781464800207

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Neuware - '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.…

Seller Inventory # 9781464800207

Title
Unlocking Commercial Financing for Clean Energy in East Asia
Author
Richard Stern
Publisher
World Bank Publications Okt 2013
Publication year
2013
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
1464800200
ISBN 13
9781464800207
Item weight
552 grams
Dimensions
254x178x17 mm

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

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