Implementing Intended Nationally Determined Contributions (INDCs) and Low Emission Development Strategies (LEDS) through Mobilising Private Investments
As of: December 2018
Objective and activities
The project aims to mobilise private investment for the implementation of Nationally Determined Contributions (NDCs) in its partner countries. It supports public and private actors in the mobilisation of investments from the private sector: in a first step, the sectors will be identified that show the highest potential for private sector mobilisation. In these sectors, climate-friendly investment plans are developed and improved. At the same time,it addresses investment barriers by supporting partner countries in the preparation of favourable political and regulatory frameworks and financial instruments. By decreasing investment risk and improving incentives, the project creates the necessary preconditions needed to foster private investments into NDC implementation. Through the LEDS Global Partnership the project moreover provides a platform for the relevant actors to exchange know-how and best practices.
State of implementation/results
- In Bangladesh, the project develops sustainable business and financing models for solar mini-grids, solar irrigation pumps and solar boats. - In Vietnam, the project took part in the forthcoming Summit on Partnership for Growth in Copenhagen from 19 to 20 October, the participation of heads of state and CEOs of large companies, including prospective and hopeful new project partners, was foreseen. - In collaboration with the GIZ country office of the Dominican Republic, the project is developing a joint work plan to analyze the current net metering policy, which reimburses project promoters for solar power projects that produce surplus electricity that they do not use and that feeds into the grid. - In Kenya, the government has increased the taxation of kerosene, making bioethanol cheaper and improving the business case. - In collaboration with the Ministry of the Environment (MINAM), the project in Peru is developing investment projects for a new landfill site in Trujillo with technologies for producing waste to energy and methane separation in San Juan Bautista using leachate evaporation technology. - In the Philippines, the project will work with select cities that have significant industrial bases to identify how businesses and local government officials can work together to create incentives for clean energy that companies can use to lower their investment costs. The project work closely with a sub-selection of distribution utilities and cooperatives to develop innovative models that can be shared and replicated by other obligated entities. Focus is on mapping the relevant policy landscape, conducting business case analysis, identifying pilot sites, and pursuing the most effective strategy for scaling clean energy solutions.
- In Ethiopia, the project, in collaboration with the World Bank, Shell and others, is investigating the regulatory and policy framework for mini-grids, including sound financial and business models to mobilize larger investments in mini-grids.