Intro; Foreword; Contents; 1 Unlocking the Potentials of Private Financing for Accelerated Low-Carbon Energy Transition: An Overview; Abstract; 1 Financing Needs for Low-Carbon Energy Transition in Asia; 2 The Dynamics of Low-Carbon Financing in Asia; 3 Role of Asian Banks and Bonds in Low-Carbon Transition; 4 Limitations to Scaling Up Private Finance; 5 Mapping the Risks and Solutions; 6 Purpose and Scope of the Book; References; Estimating Private Finance in the Current Investment Needs and Potentials
1 The Context2 Imbalances in Private Investment in Clean Energy; 3 Determinants of Renewable Energy Private Investment: Theoretical Framework; 4 Determinants of RE Private Investment: Empirical Model and Data; 4.1 Empirical Modelling; 4.2 Data; 5 Econometric Approach and Estimation Results; 6 Conclusions and Policy Suggestions; Appendix; References; Mapping the Multiple Risks of Private Finance in Low-Carbon Sectors; 4 Mapping the Necessary Policy Instruments to Unlock the Potentials of Private Finance for a Modern Renewable Energy Sector; Abstract; 1 Introduction
2 Estimation of Currents Flows and Future Needs of Investment for Low-Carbon Transition in Major Economies of Asia Until 2030Abstract; 1 Introduction; 2 Method; 3 Current Flows of Investment in Low-Carbon Energy Systems; 4 Future Flows of Investment in Low-Carbon Energy Systems; 5 Results and Analysis; 5.1 Current Flows of Investment in Low-Carbon Energy Systems; 5.2 Future Flows of Investment in Low-Carbon Energy Systems; 5.3 Region-Level Trends; 5.4 Country-Level Trends; 6 Conclusions; References; 3 Private Financing in Low-Carbon Energy Transition: Imbalances and Determinants; Abstract
2 Global Developments in Renewable Energy Investments3 Funding Sources for Renewable Energy Projects; 3.1 Public Financial Instruments; 3.2 Commercial Finance; 4 Financing Barriers for Renewable Energy Projects; 4.1 Lack of Long-Term Financing; 4.1.1 Lack of Project Financing; 4.1.2 High and Uncertain Project Development Costs; 4.1.3 Lack of Equity Finance; 4.1.4 Small Scale of Projects; 4.2 Risks of Renewable Energy Projects; 4.3 Approaches and Instruments Used to Mitigate Risks and Mobilize Private Capital; 5 Financing Renewable Energy Investments: The Case of Germany; 5.1 Background
5.2 Creating a Market for Renewable Energy5.3 Reforming the High-Cost Approach; 5.4 Financing Renewable Investments from Public and Private Sources; 5.5 Lessons from the German Case; 6 Financing Renewable Energy Investments: The Case of Indonesia; 6.1 Background; 6.2 Financial Barriers to Investments in Renewable Energy; 6.3 Non-financial Barriers to Investments in Renewable Energy; 6.4 Outlook for Indonesia; 7 Policy Conclusions; 7.1 Stable Policy Framework; 7.2 Key Role of Domestic Financial Sector; 7.3 Standardization of Projects; References
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This book is the first comprehensive assessment of the state of low-carbon investments in Asia, analyzing the rationales, mandates and public-private financing activities. Based on the experiences of several regional initiatives wherein public financing is catalyzing private investments in low-carbon infrastructure, this book proposes a framework that can be used as a tool to identify factors that influence private investment decisions and policy instruments that can scale up the private capital. Placing the Asian economies onto a low-carbon development pathway requires an unprecedented shift in investments. This book addresses this situation by asking questions such as - What is the central role of private finance in achieving the Paris Agreement targets? What key policy levers and risk mitigation can governments use in an effort to unlock the potentials of private capital? How can regionally coordinated actions hold significant promise for scaling up private investments?--