Energy, Governance and Sustainability
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Energy, Governance and Sustainability

  • The IUCN Academy of Environmental Law series

Edited by Jordi Jaria i Manzano, Nathalie Chalifour and Louis J. Kotzé

This book makes an in-depth and timely contribution to the debate about how to transform our energy governance systems into ones that support a fair, safe and sustainable society. It combines perspectives from leading scholars around the world to provide a global outlook on alternative approaches to energy governance and innovative experiences. Taken as a whole, it offers a unique snapshot of some of the innovative and novel ways in which law can support the shift to sustainable and equitable energy systems.
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Chapter 7: Innovative financing for renewable energy

Richard L. Ottinger and John Bowie

Abstract

Renewable energy holds great promise for solving the world’s energy needs with minimal climate change and pollution consequences. While renewable energy is the fastest growing type of energy production, the prospects for it to displace fossil fuels are seriously inhibited by the high first/capital cost of renewable energy infrastructure. Despite these challenges, the global renewable energy market is rapidly growing. Advances in renewable energy technologies, novel financial instruments and evolving mobile communication technologies have spurred creative upfront financing for renewable energy infrastructure. This chapter will describe many of these innovative financing programmes and will provide examples of their successful utilization.

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