There are three key barriers to the growth of rooftop solar power in India: the high upfront costs of installation, low access to debt finance, and perceived performance risk. One promising solution to manage these barriers is the third party financing model. This paper explores the driving factors and challenges to the third party financing model, and proposes a series of recommendations for policy changes and financial instruments which could address these challenges.
In January 2016, the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and The Generation Foundation launched a three-year project to clarify investors’ obligations and duties in relation to the incorporation of environmental, social and governance (ESG) issues in investment practice and decision-making. This follows the publication in September 2015 of Fiduciary Duty in the 21st Century by the PRI, UNEP FI, the UNEP Inquiry and the UN Global Compact.
New Perspectives on Climate Finance for Cities has been prepared by C40 Cities Climate Leadership Group, Siemens and Citi. The focus is specifically on routes to financing climate change projects and programs. A multitude of guides already exist exploring more conventional routes of project finance, but few are focused purely on the topic of climate finance.
Effective action in limiting the extent and effects of climate change will have to include changes in business and massive investment by the private sector in making the energy transition from fossil fuels to clean energy and the development of a low-carbon economy
The Portfolio Decarbonization Coalition (PDC) is a multi-stakeholder initiative that will drive greenhouse gas emissions reductions by mobilizing a critical mass of institutional investors committed to gradually decarbonizing their portfolios. Members of the Coalition share a dual vision, setting themselves two interconnected and intermediary targets
Unlocking investment in renewable energy will open up substantial opportunities throughout the global economy. Not only will renewable energy play an ever more critical role in meeting the world’s growing energy demand but renewable energy technologies are also increasingly costeffective additions to the energy mix
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