Global S&T Development Trend Analysis Platform of Resources and Environment
Developing a Guarantee Instrument to Catalyze Renewable Energy Investments in Indonesia | |
Randy Rakhmadi | |
2019-07 | |
出版年 | 2019 |
语种 | 英语 |
国家 | 美国 |
领域 | 气候变化 |
英文摘要 | CPI’s consultant, Melisa Sudirman is also an author. Mobilizing private capital is a requisite for Indonesia to meet its clean energy mix targets from the currently installed 5% to 23% by 2025. Research (CPI Study, 2018) shows that investment requirements to meet Indonesia’s energy targets are estimated to reach USD 125 billion by 2025. And the private sector has a key role to play, yet private investments are far from sufficient. Public actors also need to play a larger, more crucial role to attract private investments, by de-risking investment opportunities more effectively. A guarantee instrument is one of the many potential de-risking instruments to help accelerate renewable energy development in Indonesia. Though a guarantee is not the only solution to address the range of investment barriers renewable energy projects face, it can partially address some of these barriers:
At present, there are ten organizations providing 13 guarantee products covering the Indonesian market, yet none provide specific coverage for the renewable energy sector. As resources are limited for deploying guarantees, they become less accessible. This is mainly due to competition from other sectors, not only in Indonesia but also in other countries. As the perception of political risk and public sector performance in Indonesia has improved in recent years, the demand for guarantee instruments to cover these risks have gradually subsided among financial institutions. In addition, the Indonesia Infrastructure Guarantee Fund (IIGF) also partially covers these risks. The development of a credit guarantee for renewable energy in Indonesia offers the most potential to help rejuvenate the market while also catalyzing private investments. If developed by a local financial institution, it can also help increase the guarantee’s visibility and accessibility to local stakeholders. However, there are potential challenges to effectively implement a guarantee instrument in Indonesia, namely:
This CPI study, produced in collaboration with PT Sarana Multi Infrastruktur (Persero) is part of a research program which explores the potential of developing a green investment bank model in Indonesia. The basic role of a green bank is to identify barriers to investment in green infrastructure and develop solutions to address these barriers. Green banks are typically capitalized with public money and engage in multiple activities, including concessional lending as well as risk mitigation instruments. The overall objective of the program is to help development financial institutions, policymakers, and donors to understand the opportunities and challenges of applying the green investment bank model in the country. In this analysis, we specifically focus on the potential of developing a guarantee instrument to help catalyze renewable energy investments in Indonesia. |
英文关键词 | climate funds climate investment climate policy renewable energy renewable energy investment risk mitigation |
URL | 查看原文 |
来源平台 | Climate Policy Initiative |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/242575 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | Randy Rakhmadi. Developing a Guarantee Instrument to Catalyze Renewable Energy Investments in Indonesia,2019. |
条目包含的文件 | 下载所有文件 | |||||
文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
Developing-a-Guarant(6854KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Randy Rakhmadi]的文章 |
百度学术 |
百度学术中相似的文章 |
[Randy Rakhmadi]的文章 |
必应学术 |
必应学术中相似的文章 |
[Randy Rakhmadi]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论