Full Title: Strategies to Finance Large-Scale Deployment of Renewable Energy Projects: An Economic Development and Infrastructure Approach
Author(s): Lewis Milford, Ross Tyler, and Jessica Morey
Publisher(s): International Energy Agency
Publication Date: December 1, 2011
Full Text: Download Resource
Description (excerpt):
There appears to be universal global consensus among many policymakers that trillions of dollars of new investment must be raised to finance the massive deployment of clean energy technologies to address climate change risks. While undoubtedly some results can be gained from energy conservation and efficiency, there remains an unavoidable need for new energy generation. The absolute amounts of funding for financing large‐scale deployments of renewable energy projects remain significantly larger than the levels invested to date.
Despite the dire need for high levels of finance for future large‐scale deployments of renewable energy, neither the funds nor any convincing mechanisms to produce them in these needed amounts have been forthcoming from the public‐ or the private‐sector. Such massive financial commitments have been made all the more difficult in the current financial crisis, with historic budget deficits in OECD countries.