Monthly Archives: April 2015

UNEP Report Proposes Pooling Facilities as Solution to Micro-grid Financing

April 2015: The UN Environment Programme (UNEP) has launched a study on mini-grids that proposes ‘Mini-grid Pooling Facilities (MPFs)’ as a solution to overcoming key investment barriers. Presenting mini-grids as a critical solution for improving energy access globally, the study examines the challenges of associated investment risks and transaction costs, and proposes addressing these through project and capital pooling.

The report, titled ‘Increasing Private Capital Investment into Energy Access: The Case for Mini-grid Pooling Facilities’: provides an overview of mini-grids, including ownership models; identifies and examines two key investment barriers, namely risks to investment in emerging markets and project costs in developing economies; assesses the benefits and drawbacks of project pooling facilities; and explores MPF structures and stakeholders.


On risks, the study notes that mini-grids in emerging markets present a complex risk profile. In addition to discussing perceived risks, such as political or fuel cost volatility, the study examines risks to investment in mini-grids during the development, construction and operation phases, as well as across phases. The study also identifies high transaction costs in developing countries in the areas of project identification, evaluation and diligence, and platform development.


According to some estimates, achieving universal electricity access by 2030 will require mini-grids to serve over 65% of off-grid populations globally. Arguing for the need to develop new financing models to reach such levels of deployment, the report presents MPF as conceptual framework for private-sector financing that pools projects and capital to support the development of mini-grids internationally. According to the study, MPFs can diversify risk and increase capital requirements by strategic selection of projects into portfolios.


The report suggests that MPFs can also help: lower transaction costs through centralizing fixed expenses; decrease technology costs; attract previously unavailable capital; and leverage philanthropic investment, among others. The study stresses the need for developers, investors and researchers to work jointly, conducting proper analyses and determining the appropriate structures for each working context. [UNEP Publications Webpage] [Publication: Increasing Private Capital Investment into Energy Access] More

 

 

 

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Barack Obama Visits Jamaica, Urges Caribbean on Green Energy

United States President Barack Obama became the first sitting president to visit Jamaica in more than 33 years with a visit to Jamaica this week.

via Barack Obama Visits Jamaica, Urges Caribbean on Green Energy.

via Barack Obama Visits Jamaica, Urges Caribbean on Green Energy.

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UNU-EHS and UPEACE Online Course on Climate Change, International Law and Human Security

caribbeanclimate

The University for Peace (UPEACE) and UNU-EHS are pleased to invite applications for a new certificate online training course on the topic of “Climate Change, International Law and Human Security”. This six weeks online course will be co-taught by experts from both institutions and will take place from April 8th to May 19th, 2015.

The course is intended for staff members of the United Nations and its agencies; staff members of other inter-governmental organizations, NGOs, and government agencies; academics; practitioners; and students, who are working or researching in fields related to climate change and environmental, human rights, international law, development, and migration, amongst others. UPEACE and UNU-EHS aim to ensure equal gender and geographical distribution across the selected participants.

The course has a limited number of seats available. Qualified participants will be admitted on the combined basis of first-come-first served, gender equality and regional representation.

To apply, please…

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BVI Is First To Launch Financing Framework For Climate Change Issues

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The Virgin Islands became the first Caribbean Territory and a leader amongst small island states globally in establishing the policy and financing framework needed to address the causes and impacts of climate change.

This milestone was achieved with the passage of the Climate Change Trust Fund Act 2015 in the House of Assembly Tuesday March 24.

Advisor to the Ministry of Natural Resources and Labour, George deBerdt Romilly said that international funds to address climate change issues of small islands are available, but a legal and fiduciary framework would have to be in place for any country or Territory to benefit.

He said, “Commitments of international climate change financing of US$100 billion per year from 2020 have been pledged by industrialised countries under the United Nations Framework Convention on Climate Change.”

Mr. Romilly added that the international community is not providing this climate change financing to recipient countries in the…

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April 1, 2015 · 15:48