Encouraging clean energy investment in developing countries: what role for aid?

Loading...
Thumbnail Image

Date

2014-10-10

Journal Title

Journal ISSN

Volume Title

Citation Stats

Abstract

A large portion of foreign assistance for climate change mitigation in developing countries is directed to clean energy facilities. To support international mitigation goals, however, donors must make investments that have effects beyond individual facilities. They must reduce barriers to private-sector investment by generating information for developers, improving relevant infrastructure, or changing policies. We examine whether donor agencies target financing for commercial-scale wind and solar facilities to countries where private investment in clean energy is limited and whether donor investments lead to more private investments. On average, we find no positive evidence for these patterns of targeting and impact. Coupled with model results that show feed-in tariffs increase private investment, we argue that donor agencies should reallocate resources to improve policies that promote private investment in developing countries, rather than finance individual clean energy facilities.

Department

Description

Provenance

Citation

Published Version (Please cite this version)

10.1080/14693062.2014.953903

Publication Info

Buntaine, MT, and WA Pizer (2014). Encouraging clean energy investment in developing countries: what role for aid?. Climate Policy. 10.1080/14693062.2014.953903 Retrieved from https://hdl.handle.net/10161/10275.

This is constructed from limited available data and may be imprecise. To cite this article, please review & use the official citation provided by the journal.


Unless otherwise indicated, scholarly articles published by Duke faculty members are made available here with a CC-BY-NC (Creative Commons Attribution Non-Commercial) license, as enabled by the Duke Open Access Policy. If you wish to use the materials in ways not already permitted under CC-BY-NC, please consult the copyright owner. Other materials are made available here through the author’s grant of a non-exclusive license to make their work openly accessible.