A green bank is a public or quasi-public institution that uses limited public capital to leverage greater private investment in clean energy. Green banks are designed to animate private capital markets and “crowd-in” the private investment needed to rapidly deploy commercial, proven clean energy technologies. As a public or quasi-public institution, a green bank is either directly part of government or an instrument of government. As such, a green bank can be crafted and designed to suit the market needs and policy objectives of the nation or state it is meant to serve. A green bank can be capitalized with any number of public sources. With their public dollars, green banks provide financing for projects in combination with private capital. Among the financing techniques commonly used are credit enhancement, co-investment, and warehousing/securitization. Green banks can use the described financing techniques through a number of structures that the clean energy financing industry has developed as new delivery mechanisms, including Property Assessed Clean Energy (PACE) financing and on-bill financing/repayment.
Mozambique faces a range of environmental challenges and risks, including deforestation; declining fish stocks; land, water and air pollution; and loss and degradation in wetlands and rivers ,which could all be compounded by climate change and a growing population.
The focus of this report is to identify policy options for Green Fiscal Reform (GFR) in Mozambique. These policy options include the use of taxation and pricing measures, which raise revenues or lower expenditures, while furthering environmental goals by addressing environmental externalities and incentivizing green investment.
In addition to these policies, a range of viable GFR policy options that the government could consider were identified through research on the government’s environmental challenges and fiscal policy landscape, a national validation workshop, as well as a literature review and expert consultations on global best practices. These policy options could facilitate Mozambique’s green economy transformation by shifting behaviour and investment decisions, while concurrently helping to create fiscal space that could be used to promote social and green economy investments.
This study assesses the potential contribution of public– private partnerships to Inclusive Green Growth, which is one of the main goals of Dutch development cooperation. Inclusive Green Growth – or ‘the economics of sustainable development’ – implies that growth should enhance welfare for both current (inclusive) and future (green) generations. This warrants attention for both ecological sustainability and the distribution of resource access. To analyse the potential of partnerships for reaching Inclusive Green Growth objectives, nine ongoing partnerships were selected and financed by the Dutch Directorate General for Foreign Trade and Development Cooperation. Using the academic literature on a) the requirements for effective Inclusive Green Growth strategies and b) the potential of public–private partnerships, an analytical framework was developed to be used for data collection (e.g. partnership documentation, interviews) and analysis.
This publication is concerned with all policies that directly support the production or consumption of fossil fuels in OECD countries and in a selection of partner economies. It provides a useful complement to the online OECD database that identifies and estimates direct budgetary transfers and tax expenditures benefitting fossil fuels, and from which it derives summary results and indicators on support to fossil fuels, as well as policy recommendations. This report emphasises the problems that fossil-fuel subsidies cause in the context of broader policy efforts for mitigating greenhouse-gas emissions, and reviews the various reform initiatives that have already been taken at the international level (G-20, APEC, etc.). In addition, it presents the coverage, method and data sources used for constructing the online database, and further discusses caveats and data interpretation.
Cities are engines of economic growth and social change. About 85% of global GDP in 2015 was generated in cities. By 2050, two-thirds of the global population will live in urban areas. Compact, connected and efficient cities can generate stronger growth and job creation, alleviate poverty and reduce investment costs, as well as improve quality of life through lower air pollution and traffic congestion. Better, more resilient models of urban development are particularly critical for rapidly urbanizing cities in the developing world. International city networks, such as the C40 Cities Climate Leadership Group, Local Governments for Sustainability (ICLEI) and United Cities and Local Governments (UCLG), are scaling up the sharing of best practices and developing initiatives to facilitate new flows of finance, enabling more ambitious action on climate change. Altogether, low-carbon urban actions available today could generate a stream of savings in the period to 2050 with a current value of US$16.6 trillion.
The downturn in oil prices over the past year has hit Nigeria’s public budget hard. When money is tight, governments should first phase out programmes that are expensive and have low benefit to their intended beneficiaries. Subsidising gasoline fits the bill perfectly. The IISD's Peter Wooders discusses the need for subsidies reform in Nigeria.