Tag Archives | feed-in tariffs
Climate change, Finance sector development
Economics, Energy
Which financing sources matter for private investment in renewable energy in Asia?
The mobilization of climate finance is critical for limiting global warming to within 1.5°C and preventing catastrophic climate change (IPCC 2018). Annual green investments totaling $1.5 trillion are needed (United Nations 2017). Despite the falling cost of renewable energy technologies, energy investments remain dominated by investments in fossil fuels. In Asia and the Pacific, annual investments fell after 2017 and until 2020 remained below the 2017 level.
Feed-in tariffs and loans for boosting private investment in renewable energy
Investment in renewable energy of $9 trillion is required to meet global energy supply needs by 2040 (International Energy Agency 2016), but investments in fossil fuels still dominate those in renewable energy. Many countries are implementing national energy policies, including fiscal, financial, information and education, institutional support, strategic planning, regulatory, and voluntary measures, to promote greater private investment in renewable energy.
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