Low-carbon transition: Private sector investment in renewable energy projects in developing countries

2019 ◽  
Vol 122 ◽  
pp. 552-569 ◽  
Author(s):  
Dalia Fadly
2020 ◽  
Vol 8 (1) ◽  
pp. 54-60
Author(s):  
V Chitra ◽  
R Gokilavani

Global warming is increasing; therefore, Change is the law of nature. The changes like the environmental and climatic conditions, are one of the most complicated issues faced by the growing society. The survival of the fittest contributes to the idea of adaptation to the changes in society. Today’s business is all about being green, and companies use this as a key strategy to expand its market and impact society. Even the top companies like Amazon to apple are moving in a great way towards green. The economic development lies in the palms of the banks being the financial organizations.Green banking means a financial institution, typically public or quasi-public, that uses innovative financing techniques and market development tools in partnership with the private sector to accelerate deployment of clean energy technologies. Green banks use public funds to leverage private investment in clean energy technologies that, despite being commercially viable, have struggled to establish a widespread presence in consumer markets. Green banks seek to reduce energy costs for ratepayers, stimulate private sector investment and economic activity, and expedite the transition to a low-carbon economy. Adoption of green banking practices will not only be useful for the environment but also benefit in greater operational efficiencies, minimum errors and frauds, and cost reductions in banking activities. The present paper aims to highlightIndian initiatives and adoption by various banks towards green banking in India. Further, an attempt has been made to highlight the major benefits, confronting challenges of Green Banking.


2015 ◽  
Vol 62 (1) ◽  
pp. 163-188 ◽  
Author(s):  
Miguel Cárdenas Rodríguez ◽  
Ivan Haščič ◽  
Nick Johnstone ◽  
Jérôme Silva ◽  
Antoine Ferey

Author(s):  
Arun Khatri-Chhetri ◽  
Tek B Sapkota ◽  
Bojern O Sander ◽  
Jacobo Arango ◽  
Katherine Nelson ◽  
...  

Abstract As with other sectors of the economy, agriculture should also contribute to meeting countries’ emission reduction targets. Transformation of agriculture to low-carbon food systems requires much larger investments in low emission development options from global climate finance, domestic budgets, and the private sector. Innovative financing mechanisms and instruments that integrate climate finance, agriculture development budgets, and private sector investment can improve and increase farmers' and other value chain actors’ access to finance while delivering environmental, economic, and social benefits. Investment cases assessed in this study provide rich information to design and implement mitigation options in agriculture through unlocking additional sources of public and private capital, strengthening the links between financial institutions, farmers, and agribusiness, and coordination of actions across multiple stakeholders. These investment cases expand support for existing agricultural best practices, integrate forestry and agricultural actions to avoid land-use change, and support the transition to market-based solutions.


Author(s):  
Kenneth Otieno Odhiambo ◽  
Charles Rambo ◽  
Stephen Lucas Okelo

In spite of the rise in the global adoption of public private partnerships, developing countries have failed to attract private investments in equally measure as their developed partners. This has impacted on infrastructural financing in developing countries. The current study sought to establish how market risks influence the performance of public private partnership renewable energy projects. The study adopted a pragmatic paradigm and employed a mixed methods approach, correlational and descriptive survey design. Quantitative data was collected by use of a self-administered questionnaire and while an interview guide was used to collect qualitative data after piloting and reliability established. A sample size of 263 respondents was drawn from a target population of 769 using the Yamane formula. For descriptive statistics the study used the mean and standard deviation. For inferential statistics the study used Pearson’s Product Moment Correlation (r) and Multiple Regression while the F-tests were used in hypothesis testing. The study established a significant influence of market risks on the performance of public private partnerships renewable energy projects F (1,204) =104.689, P=0.000˂ 0.05.  H0 was consequently rejected. Based on this finding the study recommends hedging measures to promote public private partnerships


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Angelines Daihana Donastorg ◽  
Suresh Renukappa ◽  
Subashini Suresh

Purpose Currently, renewable energy (RE) sources represent a crucial pillar in obtaining sustainable development, one of the global goals for all countries. However, this presents a unique challenge for emerging and developing countries. As the technical and financial issues remain a significant barrier in implementing RE projects, several mechanisms are available to aid the financial aspect of investing and implementing clean energy projects. This paper aims to discuss new and traditional trends in the financial area of renewable investment, focusing on the Dominican Republic (DR), identifying the gaps in the financial area regarding RE. Design/methodology/approach An empirical study was conducted in the DR. This country is located at the heart of the Caribbean. Given the complexity of RE and developing countries issues and the scarcity of comparable research in the area, an interpretivist research paradigm along with the qualitative methodology was adopted. Primary data was collected through semi-structured interviews. The study sample includes: directors, chief executive officers and managers responsible for the implementation of RE strategies in their respective departments/organisations. NVivo software was used for data management and the collected data was analysed using content analysis. Findings The research highlighted several severe financial handicaps regarding RE in the DR: The lack of RE assets recognition; lack of RE investment loans; perceived RE risk; and lack of financial guarantor. After extensive interviews with critical actors in the RE sector in the DR, the possible solutions and recommendations for avoiding locking the energy and economic sector in fossil fuel debt are: (a) diversification of RE technology assets recognition, (b) implementation of government RE fund, (c) RE education on all actors and (d) introduction and adoption of new financial trends such as green bonds, bank pooling, cooperatives and more. Originality/value This paper provides information and knowledge related to financial tools and policies that are available for the RE projects in the DR. The results have a socio-economic impact. This research provides a better understanding of the key financial tools to be explored by RE project developers in the developing countries. This study shows the gaps that exist between the knowledge that the stakeholders should possess and the actual knowledge that exists in the country regarding the financial aspect of an RE project.


Similar to other business projects, clean energy projects also has orientation for profit maximization in developing countries. Environmental problems caused by industrial wastes have been becoming serious issues in developing countries. Hence, recycling industrial wastes, in order to create more renewable and clean energy, has been recognized as one of ways to reduce adverse impact of global warming and negative effect of greenhouse gases. According to statistics, Viet Nam discharges about 400,000 tons of waste tires annually and this number in the US is estimated about 4,200,000 tons per year (source: vnu.edu.vn). This creates many environmental issues. Hence, this paper aims to propose a business model to solve problems mentioned below in the paper. Building a tire shredding plant in California, USA (for example) to cut the whole tires into small shredded tires then export to developing countries like Vietnam is one method to convert wastes into clean energy and protecting our environment. This is one main objective of this research paper. Another purpose of this study is to find out a financial model to evaluate socio-economic values of renewable energy projects that help to protect our environment, as well as a modern viewpoint of not including or adding (+) new debt issuances to increase net cash flow when estimating FCFE cash flow. Using pyrolysis technology to crack carbon linkage into smaller linkages, and then convert waste tires into renewable energy (FO-R oil, carbon black and steel). This is an application of chemical engineering. Through the economic and technical analysis of this model, we can see the practical benefits of the energy project in terms of economic efficiency, profitability, which bring surplus value for investors, effective solutions for customers and a quality energy product for the society. And it also suggest the relevant government of developing countries to consider proper policies to encourage environment protection and businesses in the field of converting industrial wastes such as tires into clean energy.


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