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The funds provided through official development assistance (ODA) are not sufficient for ensuring universal energy access. The current level of commercial investment in renewable energy in developing countries is growing, but it still falls short of the total volume needed. Although many of the markets in question are immature, the present and future needs for clean and affordable energy represent a considerable market opportunity. Climate finance instruments represent an untapped potential for investments in renewable energy in developing countries. Private sector enterprises could also profit from public–private business models for investments in renewable energy (RE) and energy efficiency (EE).
One of the main obstacles for commercial investments in renewable energy in developing countries is the fact that the investment’s perceived risk is often greater than the investment’s anticipated return. This makes investments unprofitable and hence unlikely. The “enabling environment” is not good enough to provide incentives for sufficient investments. In essence, this explains the gap between necessary investments and actual investments in renewable energy in developing countries. In order to encourage investments, there are two highly important issues that should be focused on: To reduce the risks and/or to increase the returns.
Energy+ will work in specific areas to address these two overarching issues of risks and returns. Energy+ promotes public–private partnerships and the strategic use of public funds to leverage commercial investments through the development of enabling environments. This is one of the keys to unlocking developing countries’ green growth potential.
Energy+ engages with the private sector to identify challenges and opportunities for private investors interested in investing in renewable energy. Read more here .
Register for this year’s most important conference for Norwegian exporters. We can promise you an interesting and inspirational day!
Elkem Silicon Metrials invites to meet their team at the Ceramics Expo 2017. This is North America’s largest, free-to-attend exhibition for Ceramic manufacturing and applications.
DeepOcean today announced that it had received a call-off under its new Master Service Agreement (MSA) with BP Exploration Operating Company Ltd.
Read how a Nordic style, maintenance free new floor is a furniture all in itself.
Tor Henrik Haavik enters the role as Sales Director in Steinsvik AS. Haavik has an engineering education from Høgskolen i Haugesund and has been employed in Steinsvik since 2002. Haavik comes from the position of Sales Man...
Freeman Technology, the powder characterization specialists, will be exhibiting at the Ceramics Expo for the first time (25 – 27 April, Cleveland, OH, USA). The company offers material characterization solutions aimed at o...
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