What are the channels for investment in sustainable energy infrastructure by institutional investors (e.g. pension funds, insurance companies and sovereign wealth funds) and what factors influence investment decisions? What key policy levers and risk mitigants can governments use to facilitate these types of investments? What emerging channels (such as green bonds, YieldCos and direct project investment) hold significant promise for scaling up institutional investment?
This report develops a framework that classifies investments according to different types of financing instruments and investment funds, and highlights the risk mitigants and transaction enablers that intermediaries (such as public green investment banks and other public financial institutions) can use to mobilise institutionally held capital. This framework can also be used to identify where investments are or are not flowing, and focus attention on how governments can support the development of potentially promising investment channels and consider policy interventions that can make institutional investment in sustainable energy infrastructure more likely.
Climate policy and competitiveness issues have created a new need for international co-ordination, beyond the scope of our current frameworks. There is no need to trade economic growth for environmental stringency. Environmentally stringent policies are an incentive for greater efficiencies which leading edge companies can easily achieve.
Third Annual Conference on the theme of "Fiscal Policies and the Green Economy Transition: Generating Knowledge – Creating Impact" held at the University of Venice from 29 through 30 January 2015. The press release is available.
The GGKP has been developed in partnership between the GGGI, the OECD, UNEP, and the World Bank, to help address major knowledge gaps in green growth theory and practice, and to help countries design and implement green growth policy.
The OECD Multi-dimensional Country Reviews are underpinned by a conceptual framework which promotes a holistic conception of development, advocates policy advice based on a diagnostic approach, and which requires issues to be examined from multiple dimensions rather than along sectoral lines.
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As environmental pressures continue to rise, governments throughout the OECD area have not been sitting back. If anything, the stringency of their policy measures has been increasing on the whole, not least to combat pollution and climate change. And as the evidence shows, stringent environmental policies can be introduced without hurting overall productivity.
This project aims to take stock of policy measures that may distort international competition and hamper international investment in renewable energy. The resulting report provide will policy makers with evidence-based analysis to guide their decisions in designing clean energy support policies.
Green is not only compatible with growth; green is a source of growth. Sweden was one of the first countries to understand this and showed tremendous leadership when it introduced the world’s first carbon tax in 1991, amidst the economic crisis. Yet there is so much more that can be done to foster a fast transition to a low-carbon world whilst creating the competitive economies of the future.
Korea has been at the forefront of green growth initiatives. The National Strategy for Green Growth (2009-2050) and the Five-Year Plan (2009-2013) of Korea provide a comprehensive policy framework for green growth in both the short and long term.