The innovative “venture philanthropy” platform hopes to accelerate the region’s renewable energy transition by making funding more accessible to project developers.
The International Energy Agency (IEA) has revealed that global electricity investments exceeded those in oil and gas for the second year running in 2017 due to more spending on grids although renewable energy investment fell after years of growth.
A mixed picture for global clean energy investment in 2018 is emerging, with dollar investment in solar under pressure while commitments to wind power and energysmart technologies such as electric vehicles and batteries are running above last year’s levels.
The World Bank and the Government of the Republic of the Marshall Islands launched two climate change related projects that will boost investment in renewable energy and spur energy efficiency.
New private financing from the Asian Development Bank (ADB) will support the development of Indonesia’s first utility-scale solar PV plants.
Read more: https://www.cnbc.com/2018/02/23/cost-not-climate-is-driving-transition-to-renewables-blackrocks-jim-barry.html
Read more: https://www.adb.org/sites/default/files/publication/356466/nepal-energy-assessment-road-map.pdf
Read more: http://www.iea.org/bookshop/759-World_Energy_Investment_2017
Read more: https://www.iea.org/publications/freepublications/publication/WEI2016.pdf