Assessing the Investment Climate for Climate Investments : A Comparative Clean Energy Framework for South Asia in a Global Context

Mitigating climate change while addressing development needs will involve a massive scale-up of investments in Renewable Energy (RE) and Energy Efficiency (EE). Most of these climate investments will come from the private sector, which will be the main driver of low-carbon growth in both developing and developed countries, provided that countries have the right investment climate for climate investment. The enabling environment for climate investment in each country depends on a variety of factors. These include macroeconomic determinants such as a functioning bureaucracy and banking system; as well as a narrower set of policy determinants such as renewable energy targets, mandatory standards, preferential power tariffs, waiver of import duties, and other fiscal incentives. While the exact mix of policies, regulations and incentives will depend on country-specific circumstances, the fact that they exist sends the right signal to climate investors, by providing them with legal certainty and lowering their costs and risks. Policies, regulations and incentives also help to level the playing field for climate investors in the face of market realities that tend to favor the continued use of carbon intense energy sources, such as support for fossil fuels and the high costs of renewable energy technologies.

Bibliographic Details

Main Author:	World Bank
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO ELECTRICITY, AIR, ALTERNATIVE ENERGY, ALTERNATIVE ENERGY DEVELOPMENT, ALTERNATIVE FORMS OF ENERGY, APPLIANCE STANDARDS, APPROACH, APPROPRIATE TECHNOLOGY, AQUIFERS, AVAILABILITY, BALANCE, BIOMASS, BIOMASS ­ GASIFICATION, CAPACITY UTILIZATION, CAPITAL COST, CAPITAL COSTS, CARBON, CARBON CREDITS, CARBON DIOXIDE, CARBON EMISSIONS, CARBON FOOTPRINT, CARBON TECHNOLOGIES, CARBON TRADING, CERTAIN EXTENT, CHEAPER ALTERNATIVE, CLEAN DEVELOPMENT MECHANISM, CLEAN ELECTRICITY, CLEAN ENERGY, CLEAN ENERGY TECHNOLOGIES, CLEAN TECHNOLOGIES, CLEAN TECHNOLOGY, CLIMATE, CLIMATE CHANGE, CLIMATE CHANGE MITIGATION, CLIMATE CHANGE STRATEGY, CLIMATE RISK MANAGEMENT, CLIMATE VARIABILITY, CLIMATE-CHANGE, CLIMATE-CHANGE MITIGATION, CLIMATES, CLIMATIC ZONES, CLOUD COVER, CO, CO2, COAL, COLORS, COMBUSTION, COMMERCIAL BANKS, COMPARATIVE ANALYSIS, COMPLIANCE COSTS, CONDITIONERS, CONSTRUCTION COST, CONVENTIONAL ENERGY, DEVELOPED COUNTRIES, DEVELOPING COUNTRY CONTEXT, DIFFUSION, DISCOUNT RATES, DISTRIBUTION GRID, DISTRIBUTION LOSSES, DISTRIBUTION OF ELECTRICITY, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC FACTORS, ECONOMIC GROWTH, EFFICIENT LIGHTING, ELECTRIC POWER, ELECTRIC SUPPLY, ELECTRIC UTILITIES, ELECTRIC VEHICLES, ELECTRICITY, ELECTRICITY DISTRIBUTION, ELECTRICITY GENERATION, ELECTRICITY PRICES, ELECTRICITY PRODUCTION, ELECTRICITY SUPPLY, EMISSION, EMISSION TARGETS, EMISSIONS TARGETS, EMPIRICAL EVIDENCE, EMPLOYMENT, ENERGY AUDIT, ENERGY CONSERVATION, ENERGY CONSUMERS, ENERGY CONSUMPTION, ENERGY COSTS, ENERGY DEVELOPMENT, ENERGY EFFICIENCY, ENERGY EFFICIENCY STANDARDS, ENERGY INTENSITY, ENERGY MARKET, ENERGY PERFORMANCE, ENERGY POLICIES, ENERGY PRODUCTION, ENERGY SAVINGS, ENERGY SECURITY, ENERGY SOURCES, ENERGY SUPPLY, ENERGY TAXES, ENERGY USAGE, ENVIRONMENTAL, ENVIRONMENTAL BENEFITS, ENVIRONMENTAL PROTECTION, ENVIRONMENTAL REGULATION, ENVIRONMENTS, EXCHANGE RATE, FEEDSTOCK, FINANCIAL CRISIS, FINANCIAL INCENTIVES, FINANCIAL SECTOR, FINANCIAL SUPPORT, FOREIGN EXCHANGE, FORESTRY, FORESTS, FOSSIL, FOSSIL FUEL, FOSSIL FUEL IMPORTS, FOSSIL FUEL USE, FOSSIL FUELS, FRAMEWORK CONVENTION ON CLIMATE CHANGE, FUEL COSTS, GAS, GAS TURBINE, GENERATION, GHG, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GAS EMISSIONS, GREENHOUSE GASES, GRID EXTENSION, GRID POWER, HEAT, HEAT RECOVERY, HIGHER ENERGY PRICES, HYDRO POWER, HYDROPOWER, INCOME, INDUSTRIAL WASTE, INSOLATION, INSURANCE, IRRADIATION, LOW-CARBON, MARKET FOR ENERGY, MARKET PRICES, MINERAL RESOURCES, NATURAL GAS, NUCLEAR ENERGY, OFFSHORE WIND, OIL, ONSHORE WIND, OPPORTUNITY COSTS, PEAK LOADS, PENALTIES, PERFORMANCE STANDARD, PERFORMANCE STANDARDS, POLICY ENVIRONMENT, POLICY INSTRUMENTS, POLICY MAKERS, PORTFOLIO, POSITIVE EXTERNALITIES, POWER, POWER GENERATION, POWER INVESTMENTS, POWER PLANT, POWER PRODUCER, POWER PRODUCERS, POWER PROJECT, POWER PURCHASE AGREEMENTS, POWER SECTOR, POWER SECTORS, POWER SOURCES, PUBLIC GOODS, PUBLIC UTILITIES, RAW MATERIAL, RAW MATERIALS, REAL ESTATE, REGULATORY FRAMEWORK, RENEWABLE ENERGY, RENEWABLE ENERGY CAPACITY, RENEWABLE ENERGY DEVELOPMENT, RENEWABLE ENERGY GENERATION, RENEWABLE ENERGY POLICY, RENEWABLE ENERGY PROJECTS, RENEWABLE ENERGY RESOURCES, RENEWABLE ENERGY SOURCE, RENEWABLE ENERGY SOURCES, RENEWABLE ENERGY SYSTEMS, RENEWABLE ENERGY TECHNOLOGIES, RENEWABLE ENERGY TECHNOLOGY, RENEWABLE ENERGY USE, RENEWABLE PORTFOLIO STANDARDS, RENEWABLE POWER, RURAL ELECTRIFICATION, SILICON, SMALL HYDROPOWER, SMALLER TURBINES, SOLAR ENERGY, SOLAR POWER, SOLAR SYSTEMS, SOLAR THERMAL, SOURCE OF ENERGY, SUNSHINE, SUSTAINABLE DEVELOPMENT, SUSTAINABLE ENERGY, TAX INCENTIVES, THERMAL POWER, THERMAL POWER CAPACITY, TOTAL COST, TOTAL COSTS, UNEP, VALUE OF ENERGY, VOLTAGE, WIND, WIND POWER, WIND POWER GENERATION, WIND POWER PLANTS, WIND SECTOR, WIND SPEED, WIND SPEEDS, WIND TURBINES,
Online Access:	http://documents.worldbank.org/curated/en/114171468302459485/Assessing-the-investment-climate-for-climate-investments-a-comparative-clean-energy-framework-for-South-Asia-in-a-global-context http://hdl.handle.net/10986/26739
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