Clean Energy Policy News
1 March 2016
The Asian Development Bank (ADB) is supporting issuance of the first climate bond in Asia-Pacific by providing credit enhancement to AboitizPower's subsidiary AP Renewables in the Philippines.
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29 February 2016
The Inter-American Development Bank, through the Banca Nacional de Desarrollo, has announced the approval of a loan for $9.3 million to promote private investment in the generation of renewable energy in areas of Colombia that are isolated or not interconnected to the national electricity grid.
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29 February 2016
Under the New Deal on Energy for Africa, African Development Bank will increase its investments to provide finance and guarantees, co-financing and syndication. The deal will triple the bank’s climate finance to about USD 5 billion each year, and leverage about USD 20 billion in private and public sector investments in climate mitigation and adaptation by 2020.
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29 February 2016
The Australian Renewable Energy Agency and SB China Venture Capital are supporting an AUD-5-million (USD 3.6m/EUR 3.3m) Southern Cross Renewable Energy Fund investment into Mojo Power. The funding will help the firm with its market-entry and business expansion activities.
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29 February 2016
On May 12, 2016, the World Bank will hold a $20 million auction for carbon credits from projects designed to cut methane emissions, offering up to 10 times the current market value.
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26 February 2016
Lawrence Berkeley National Laboratory (LBNL) conducted interviews with about 20 regulators and stakeholders in five states and reviewed publicly available documents to explore what it takes to make utility-sponsored programs succeed. The research identifies and explains many of the emerging regulatory and practical issues that jurisdictions will need to consider when contemplating an increased reliance on financing programs as a primary program strategy.
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26 February 2016
At the Wilson Center’s conference on renewable energy in the developing world, Ethan Zindler, head of the Americas for Bloomberg New Energy Finance, shared insights from Bloomberg’s annual Climatescope report. Zindler noted that clean energy has gotten much cheaper, which means opportunities for private sector investments in emerging markets such as Latin America and sub-Saharan Africa will continue to grow.
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26 February 2016
New Development Bank—formerly the BRICS Bank launched by Brazil, Russia, India, China and South Africa—announced the appraisal of the bank's first projects, which are likely to start in April 2016 and will focus on green energy, including hydropower, wind power and other renewable energy.
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25 February 2016
Not long after the Paris climate agreement of limiting warming to below 2°C, the United Nations now encourages investors and fund managers to move from “aspiration to action.” Ban Ki-moon, the UN secretary general, urged global business leaders to act decisively to hasten the transition away from the fossil fuel economy by doubling investment in wind and solar energy, to USD 600 billion per year by 2020.
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25 February 2016
China’s Shenneng Nanjing Energy Holding Co. raised 1 billion yuan (USD 152 million) last month by selling the country’s first securities backed by solar farms. The sale required the parent company, Shenzhen Energy Group Co., to become a guarantor of the securities. Executives persuaded banks and insurance companies that “cash flows generated by solar farms in the long run can help repay.” The funding Shenneng Nanjing obtained is linked to solar farms with about 200 megawatts in capacity, equivalent to 55% of total investments the company is making in solar technology.
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