This report is part of the United Nations Development Programme’s Global Environment Facility’s (UNDP-GEF) efforts to codify and share lessons learnt from how scarce public resources can be used to catalyse larger private financial flows for renewable energy. It provides an overview of UNDP-GEF projects in 14 developing countries which are supporting the development of national renewable energy policies based around feed-in tariffs and related instruments. In these activities UNDP-GEF assists developing countries to assess key risks and barriers to technology diffusion and then to identify a mix of policy and financial de-risking measures to remove these barriers and drive investment. This approach is illustrated through three case studies in Uruguay, Mauritius and Kazakhstan. The report finds that a key challenge for policy makers is to create the conditions to make renewable energy attractive to investors and utilities without jeopardising the attainment of other development goals.
This summary was prepared by Eldis.
This knowledge product is part of the work undertaken by the Bank in the context of its new Strategy 2013-2022, whose twin objectives are “inclusive and increasingly green growth”. Following a request from the Sierra Leonean authorities, this document was designed to assist government officials and national stakeholders to consider key challenges and identify major opportunities for mainstreaming inclusive green growth into the 2013–2018 Poverty Reduction Strategy Paper, known as the “Agenda for Prosperity”. The document has been prepared in consultation with the Sierra Leonean stakeholders. The main document is structured as follows: Section 1 outlines principles of green growth with relevance to the specific context of Sierra Leone. Section 2 outlines the main development opportunities and challenges of Sierra Leone, structured along the three green growth pillars the country has identified. Section 3 outlines institutional and policy challenges, as well as a possible framework for green growth. Section 4 summarizes development priorities identified in the A4P, and identifies green growth options in the A4P pillars.
This paper explores the value of green growth from the perspective of sustainable development practitioners. First, it provides a brief definition of green growth, and why the concept is relevant for meeting Africa’s challenges. It then discusses how green growth can be achieved, highlighting some of the primary tools for achieving it, and then discussing focal areas that we believe will have the greatest impacts by spurring growth sustainably. Finally, it discusses how the AfDB has promoted green growth through its own initiatives. Boxes throughout the paper provide examples of the AfDB’s promotion of green growth in its project portfolio.
This policy brief by the Climate and Development Knowledge Network (CDKN) estimates that the cost of tackling climate change in developing countries could reach some hundreds of billions of US dollars annually over the coming decades. Low-emission and climate-resilient development options often require upfront investments that can be costlier than conventional solutions. It points out that currently there is not a comprehensive global climate finance approach and it will take time before the Green Climate Fund (GCF) will be operationalised. Developing countries require support in their efforts towards climate compatible development through the use of climate finance, both public and private, that enables equitable access, national ownership, and effective management and monitoring. This can be achieved by engaging in three priority areas: international climate finance architecture; recipient readiness; and enabling environment for private sector to invest in climate compatible development.
This summary was prepared by Eldis.