Financing for Low-carbon Energy Transition

Description

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? Front Matter ....Pages i-viii Unlocking the Potentials of Private Financing for Accelerated Low-Carbon Energy Transition: An Overview (Venkatachalam Anbumozhi, Fukunari Kimura, Kaliappa Kalirajan)....Pages 1-13 Front Matter ....Pages 15-15 Estimation of Currents Flows and Future Needs of Investment for Low-Carbon Transition in Major Economies of Asia Until 2030 (Kevin Treco, Chris Stephens, Daniel Marten)....Pages 17-44 Private Financing in Low-Carbon Energy Transition: Imbalances and Determinants (Kaliappa Kalirajan, Hongli Chen)....Pages 45-61 Front Matter ....Pages 63-63 Mapping the Necessary Policy Instruments to Unlock the Potentials of Private Finance for a Modern Renewable Energy Sector (Peter Wolff)....Pages 65-81 Mapping the Necessary Policy Instruments to Unlock the Potentials of Private Finance for Carbon Capture and Storage Technologies (Akira Ogihara)....Pages 83-114 Mapping Policy Instruments to Unlock the Private Finance Potentials to Improve Industrial Energy Efficiency (Deverapalli Sreenivasulu, Vennea Sandhya)....Pages 115-144 Mapping the Necessary Policy Instruments to Unlock the Potentials of Private Sector Investments in Energy Efficiency for Transportation (Qwanruedee Chotichanathawewong)....Pages 145-188 Leverage the Financing Role of Banks for Low-Carbon Energy Transition (Jootae Kim)....Pages 189-210 Role of Capital Market to Accelerate the Transition to Low-Carbon Energy System (Huifang Tian)....Pages 211-238 Costs and Benefits of Market-Based Instruments in Accelerating Low-Carbon Energy Transition (Tilak K. Doshi)....Pages 239-273 Front Matter ....Pages 275-275 Effective Private Financing Approaches and Equity Financial Instruments for Low-Carbon Energy Investment: ADB Experiences (Lingshui Mo)....Pages 277-316 Leveraging Private Finance Through Public Finance: Role of International Financial Institutions (Venkatachalam Anbumozhi, Prayas Timilsina)....Pages 317-334 Alternatives to Private Finance: Role of Fiscal Policy Reforms and Energy Taxation in Development of Renewable Energy Projects (Naoyuki Yoshino, Farhad Taghizadeh-Hesary)....Pages 335-357 Prospects of Quality Infrastructure Program and Private Sector MRV for Accelerating the Transition Towards Low-Carbon Energy System (Takashi Hongo)....Pages 359-396 Prospects of Catalysing Regional Solutions and the Role of Low-Carbon Transition Fund (Venkatachalam Anbumozhi, Tsani Fauziah Rakhmah)....Pages 397-422 Back Matter ....Pages 423-438