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Author: United Nations Environment Programme. Division of Technology, Industry, and Economics Publisher: UNEP/Earthprint ISBN: 9280724452 Category : Business & Economics Languages : en Pages : 104
Book Description
Appropriate risk management tools can help remove some of the barriers to financing Renewable Energy Technology (RET) projects, particularly in developing countries where risk and risk perceptions are highest. That is why UNEP is working on a comprehensive overview of currently available and potential financial risk management instruments for Renewable Energy Technology (RET) projects. This study will pave the way for an upcoming GEF project that will promote the use of financial risk management instruments that favor the development of RETs.
Author: United Nations Environment Programme. Division of Technology, Industry, and Economics Publisher: UNEP/Earthprint ISBN: 9280724452 Category : Business & Economics Languages : en Pages : 104
Book Description
Appropriate risk management tools can help remove some of the barriers to financing Renewable Energy Technology (RET) projects, particularly in developing countries where risk and risk perceptions are highest. That is why UNEP is working on a comprehensive overview of currently available and potential financial risk management instruments for Renewable Energy Technology (RET) projects. This study will pave the way for an upcoming GEF project that will promote the use of financial risk management instruments that favor the development of RETs.
Author: Cheuk-Wing Lee Publisher: Open Dissertation Press ISBN: 9781361033494 Category : Languages : en Pages :
Book Description
This dissertation, "Development of Risk Management and Investment Strategies in Renewable Energy Industry" by Cheuk-wing, Lee, 李卓穎, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Rapid deployment of renewable energy worldwide is desirable in order to address the issues of climate change, meet mandatory renewable energy targets and provide sufficient economic development opportunities. Fiscal expenditure and funding constraints indicate that substantial investments are required from public and private sectors to support the industry. Only with enough attractive investment opportunities and effective risk management and investment strategies, public, private and institutional investors can become significant sources of capital for renewable energy. Apart from that, renewable energy developments are also slowed down by market failures, economic barrier, informational barrier, awareness barrier, socio-cultural barrier, institutional barrier and policy barrier. A new financing instrument, called hybrid bond, to build renewable energy projects is proposed. In response to concerns over the barriers, the hybrid bond is composed by a portfolio of renewable energy projects. Numerical examples show that the proposed model is able to achieve the dual goals of financing renewable energy project as well as mitigating market, credit, operational, liquidity and political risks with the sale of a hybrid bond. Apart from that, a three-level top down strategy for renewable energy investment is designed to overcome the barriers. The proposed strategy is a structured, effective and flexible framework. The first-level of the top down strategy aims to identify and analyze the renewable energy global market leaders in economics and renewable energy policy. The second-level aims to specify renewable energy sector that presents the most attractive investment opportunity. And the third-level aims to select the most promising renewable energy investment vehicles for investors. However, a direct comparison between countries, sectors and investment vehicles, especially qualitative comparison, is difficult and time-consuming. To further improve the effectiveness, an innovative four-level decoupled top down approach for renewable energy investment is proposed. The proposed framework is capable to identify and analyze the renewable energy global market leaders that included: (1) a group of outperforming countries with strong economic drivers and renewable energy drivers, (2) a group of renewable energy sectors that presents comparative advantages, (3) a group of renewable energy investment vehicles that outperforms other competitors, (4) and finally the most promising renewable energy investment vehicle. Results show that the decoupled top down approach both increases effectiveness and capability. In practice, investors often prefer an index than a framework to make their investment decisions. Therefore, a composite index, so-called Renewable Energy Responsible Investment Index (RERII), is proposed. The index is capable to reflect a comprehensive assessment of existing and future conditions of renewable energy and is also capable to reveal the economic, environmental, social and country governance aspects related to renewable energy industry. In addition, it can be easily integrated into the top down and the decoupled top down strategies. The index has been applied into 50 countries with 17 indicators. Results show that the index does not only provide an effective platform for investors, but also allow the index users to perform necessary comparative analyses.
Author: Philippe Drobinski Publisher: Springer ISBN: 3319990527 Category : Mathematics Languages : en Pages : 246
Book Description
Gathering selected, revised and extended contributions from the conference ‘Forecasting and Risk Management for Renewable Energy FOREWER’, which took place in Paris in June 2017, this book focuses on the applications of statistics to the risk management and forecasting problems arising in the renewable energy industry. The different contributions explore all aspects of the energy production chain: forecasting and probabilistic modelling of renewable resources, including probabilistic forecasting approaches; modelling and forecasting of wind and solar power production; prediction of electricity demand; optimal operation of microgrids involving renewable production; and finally the effect of renewable production on electricity market prices. Written by experts in statistics, probability, risk management, economics and electrical engineering, this multidisciplinary volume will serve as a reference on renewable energy risk management and at the same time as a source of inspiration for statisticians and probabilists aiming to work on energy-related problems.
Author: Nadine Gatzert Publisher: ISBN: Category : Languages : en Pages :
Book Description
Wind energy is among the most relevant types of renewable energy and plays a vital role in the projected European energy mix for 2020. The aim of this paper is to comprehensively present current risks and risk management solutions of renewable energy projects and to identify critical gaps in risk transfer, thereby differentiating between onshore and offshore wind parks. Our study shows that apart from insurance, diversification, in particular, is one of the most important tools for risk management and it is used in various dimensions, which also results from a lack of alternative coverage. Furthermore, policy and regulatory risks appear to represent a major barrier for renewable energy investments, while at the same time, insurance coverage or alternative risk mitigation is strongly limited. This emphasizes the need for new risk transfer solutions to ensure a sustainable growth of renewable energy.
Author: Markus Burger Publisher: John Wiley & Sons ISBN: 1118618637 Category : Business & Economics Languages : en Pages : 452
Book Description
An overview of today's energy markets from a multi-commodity perspective As global warming takes center stage in the public and private sectors, new debates on the future of energy markets and electricity generation have emerged around the world. The Second Edition of Managing Energy Risk has been updated to reflect the latest products, approaches, and energy market evolution. A full 30% of the content accounts for changes that have occurred since the publication of the first edition. Practitioners will appreciate this contemporary approach to energy and the comprehensive information on recent market influences. A new chapter is devoted to the growing importance of renewable energy sources, related subsidy schemes and their impact on energy markets. Carbon emissions certificates, post-Fukushima market shifts, and improvements in renewable energy generation are all included. Further, due to the unprecedented growth in shale gas production in recent years, a significant amount of material on gas markets has been added in this edition. Managing Energy Risk is now a complete guide to both gas and electricity markets, and gas-specific models like gas storage and swing contracts are given their due. The unique, practical approach to energy trading includes a comprehensive explanation of the interactions and relations between all energy commodities. Thoroughly revised to reflect recent changes in renewable energy, impacts of the financial crisis, and market fluctuations in the wake of Fukushima Emphasizes both electricity and gas, with all-new gas valuation models and a thorough description of the gas market Written by a team of authors with theoretical and practical expertise, blending mathematical finance and technical optimization Covers developments in the European Union Emissions Trading Scheme, as well as coal, oil, natural gas, and renewables The latest developments in gas and power markets have demonstrated the growing importance of energy risk management for utility companies and energy intensive industry. By combining energy economics models and financial engineering, Managing Energy Risk delivers a balanced perspective that captures the nuances in the exciting world of energy.
Author: Bruno Michoud Publisher: Springer Nature ISBN: 303075829X Category : Business & Economics Languages : en Pages : 197
Book Description
This open access book analyses barriers and challenges associated with the financing of clean energy access in sub-Saharan Africa. By considering various economic, financial, political, environmental and social factors, it explores the consequences of energy poverty across the region and maps the real and perceived investment risks for potential capital providers, both domestic and international. Furthermore, it analyses risk mitigation strategies and innovative financing structures available to the public and private sectors, which are aimed at leveraging capital in the clean energy sector at scale and fostering the creation of an enabling business and investment environment. More specifically, the present book analyses how to (i) enhance capital allocation in projects and organisations that foster clean energy access in the region, (ii) mobilize private capital at scale and (iii) decrease the cost of financing through risk mitigation strategies. Going beyond traditional approaches, the book also considers socioeconomic and cultural aspects associated with investment barriers across the subcontinent. Moreover, it urges the public and private spheres to become more actively involved in tackling this pressing development issue, and provides policy recommendations for the public sector, including proposals for business model evolution at multilateral agencies and development institutions. It will appeal to a wide readership of both academics and professionals working in the energy industry, the financial sector and the political sphere, as well as to general readers interested in the ongoing debate about energy, sustainable development and finance.
Author: United Nations Environment Programme. Division of Technology, Industry, and Economics
Author: United Nations Environment Programme. Division of Technology, Industry, and Economics
Author: 
Author: Cheuk-Wing Lee
Author: 
Author: Philippe Drobinski
Author: 
Author: Nadine Gatzert
Author: Markus Burger
Author: Miguel Mendonça
Author: Bruno Michoud