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Erschienen in:
2018 | OriginalPaper | Buchkapitel
Mapping the Necessary Policy Instruments to Unlock the Potentials of Private Finance for a Modern Renewable Energy Sector
verfasst von : Peter Wolff
Erschienen in: Financing for Low-carbon Energy Transition
Verlag: Springer Singapore
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Abstract
The transformation of the energy sector poses huge challenges in terms of funding, especially for developing countries with high growth rates and increasing energy demand. Public sources alone will not be able to come up with the funds needed to finance this large-scale transformation. However, private finance faces a number of specific challenges and risks in the renewable energy (RE) sector. The chapter maps the public policy instruments which are relevant for unlocking private finance. Policy recommendations are related to the complex task of coordinating public and private actors in the early stages of market development in the RE sector. A major challenge for public policy is to create a certain degree of stability of expectations with regard to the policy framework for RE investments. This has to be complemented by public incentives to cover the remaining risks of RE investments, as long as markets are still in an infant stage.