Clean Technology Fund Investment Plan Approved for Concentrated Solar Power in the MENA Region

The Middle East and North Africa (MENA) clean technology fund investment plan proposes co-financing of $750 million and mobilizes an additional $4.85 billion from other sources to accelerate deployment of Concentrated Solar Power (CSP) by investing in the CSP expansion programs of Algeria, Egypt, Jordan, Morocco and Tunisia. Specifically, the Investment Plan will support MENA countries to achieve their development goals of energy security, industrial growth and diversification, and regional integration. The international energy agency has identified concentrating solar power (CSP) as one of the key technologies that 'are at the heart of the energy technology revolution because they can make the largest contributions to reducing greenhouse gas emissions.' However, CSP (like most new technologies) has higher costs and risks than current technologies. Therefore, international collaboration is required to accelerate the global deployment of technologies like CSP through targeted schemes providing positive incentives for their adoption at scale.

Bibliographic Details

Main Authors:	Coma-Cunill, Roger, Govindarajalu, Chandra, Pariente-David, Silvia, Walters, Jonathan
Format:	Brief biblioteca
Language:	English
Published:	World Bank, Washington, DC 2009-12
Subjects:	ABSORPTION, ACCESS TO ELECTRICITY, APPROACH, BIOMASS, CAPACITY FACTOR, CAPACITY FACTORS, CAPITAL COST, CAPITAL COSTS, CARBON DIOXIDE, CARBON FINANCE, CARBON TECHNOLOGIES, CLEAN TECHNOLOGY, CLIMATE, CLIMATE CHANGE, CLIMATE CHANGE MITIGATION, CO, CO2, COST OF ELECTRICITY, DIFFUSION, DOMESTIC ENERGY, DOMESTIC SUPPLY, DOMESTIC USE, ECONOMIC BENEFITS, ECONOMIC GROWTH, ELECTRICITY, ELECTRICITY DEMAND, ELECTRICITY PRODUCTION, ELECTRICITY TARIFFS, EMISSION, EMISSION REDUCTIONS, ENERGY CONSERVATION, ENERGY EFFICIENCY, ENERGY EFFICIENCY IMPROVEMENTS, ENERGY MARKET, ENERGY MIX, ENERGY POLICIES, ENERGY PRICES, ENERGY SECURITY, ENERGY STRATEGY, ENERGY SUBSIDIES, ENERGY TECHNOLOGY, FOSSIL, FOSSIL FUEL, FOSSIL FUEL POWER, FUEL, GAS RESOURCES, GAS TURBINE, GAS TURBINES, GENERATION, GENERATION CAPACITY, GENERATION MODEL, GHG, GLOBAL CLIMATE CHANGE, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GAS EMISSIONS, HYDROCARBONS, IMPORTS, INTERNATIONAL ENERGY AGENCY, JOBS, OIL, PIPELINE, POWER GENERATION, POWER GENERATION CAPACITY, POWER PLANTS, POWER SECTOR, PRECIPITATION, REGULATORY FRAMEWORK, RENEWABLE ENERGY, RENEWABLE ENERGY TECHNOLOGIES, SOLAR POWER, SOLAR THERMAL, SUNSHINE, TAX INCENTIVES, THERMAL CAPACITY, THERMAL PLANT, TONS OF CARBON, TRANSMISSION INFRASTRUCTURE, TRANSMISSION LINES, UTILITIES, WIND, WIND POWER,
Online Access:	http://documents.worldbank.org/curated/en/2009/12/11609053/clean-technology-fund-investment-plan-approved-concentrated-solar-power-mena-region http://hdl.handle.net/10986/10947
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