(Catalyzing Investment for Renewable Energy in Developing Countries: Experiences and Future Tasks)

2015 ◽  
Author(s):  
Jin-Young Moon ◽  
Jihei Song ◽  
Seojin Lee
Keyword(s):  
Developing Countries ◽  
Renewable Energy

Conclusions

2018 ◽  
Author(s):  
Stephany Griffith-Jones ◽  
José Antonio Ocampo ◽  
Paola Arias
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Exchange Rates ◽  
Interest Rates ◽  
Development Strategy ◽  
National Development ◽  
Financial Inclusion ◽  
Production Sector ◽  
New Instruments ◽  
Innovation And Entrepreneurship

Based on the seven case studies analysed in this volume, this chapter concludes that national development banks (NDBs) have been successful in many cases in supporting innovation and entrepreneurship, key new sectors like renewable energy, and financial inclusion. They have developed new instruments, such as far greater use of guarantees, equity (including venture capital) and debt funds, and new instruments for financial inclusion. The context in which they operate is key to their success. Active countercyclical policies, low inflation, fairly low real interest rates, a well-functioning financial sector, and competitive exchange rates are crucial. They are also more effective if the country has a clear development strategy, linked to production sector strategies that foster innovative sectors. Under these conditions, the chapter argues that there is great need for a larger scale of NDB activity in Latin America and in developing countries in general.

Renewable Energy Financing and Market Design: A View and Recommendations From Development Banking Practitioners to Developing Countries

2021 ◽  
Vol 19 (1) ◽  
pp. 74-84
Author(s):  
Tonci Bakovic ◽  
Debabrata Chattopadhyay ◽  
Fernando Cubillos ◽  
Marcelino Madrigal
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Market Design

scholarly journals Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis

2019 ◽  
Vol 11 (8) ◽  
pp. 2418 ◽  
Author(s):  
Nadia Singh ◽  
Richard Nyuur ◽  
Ben Richmond
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Energy Production ◽  
Developing Economies ◽  
Panel Data Analysis ◽  
Least Square ◽  
Renewable Energy Production ◽  
The Future ◽  
The Impact

Renewable energy is being increasingly touted as the “fuel of the future,” which will help to reconcile the prerogatives of high economic growth and an economically friendly development trajectory. This paper seeks to examine relationships between renewable energy production and economic growth and the differential impact on both developed and developing economies. We employed the Fully Modified Ordinary Least Square (FMOLS) regression model to a sample of 20 developed and developing countries for the period 1995–2016. Our key empirical findings reveal that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995–2016. Our results also show that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. In developed countries, an increase in renewable energy production leads to a 0.07 per cent rise in output, compared to only 0.05 per cent rise in output for developing countries. These findings have important implications for policymakers and reveal that renewable energy production can offer an environmentally sustainable means of economic growth in the future.

scholarly journals Natural and economic effects of renewable energy sources in the developing countries: a case of Azerbaijan

2021 ◽  
Vol 250 ◽  
pp. 03007
Author(s):  
Zhala Rzayeva ◽  
Aysel Guliyeva ◽  
Arzu Miriyeva
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Economic Effects ◽  
Energy Sources ◽  
Gas Oil ◽  
Renewable Electricity ◽  
Clear Cut ◽  
Toxic Gases ◽  
Near Future

This paper focuses in the natural and economic effects of renewable energy sources in the developing countries using a case of Azerbaijan. Traditional fuel supplies dependent on gas, oil, and coal are highly useful for the development of a country’s economy. However, certain detrimental effects of these commodities on the environment have limited us to use these resources under clear cut-off points. As a result, we were able to turn our intuition into renewable energy sources. By using renewable energy sources, social, natural, and financial challenges can be ignored because these sources are considered harmless to the atmosphere, as there are little or virtually no fumes discharged, and toxic gases such as carbon dioxide, carbon monoxide, and sulfur dioxide. Renewable electricity would be a major advantage for power generation in the near future so we will reuse these assets to generate useful electricity. The paper discusses these and other issues with the implementation of renewable energy and assess the potentials of Azerbaijan in adapting this type of energy in the future.

A Roadmap for Rural Electrification in Developing Countries Using MiViPPs (Microutility Virtual Power Plants)

2010 ◽  
Author(s):  
Swati Pandey ◽  
Manish Chauhan
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Power Plant ◽  
Rural Areas ◽  
Power Plants ◽  
Local Level ◽  
Rural Electrification ◽  
Virtual Power ◽  
Effective Manner ◽  
Virtual Power Plants

In this paper we present a road-map for rural electrification in developing countries by means of Renewable Energy based MiViPPs (Microutility virtual power plants). First and foremost a feasibility and viability analysis of the various upcoming and alternative renewable energy options is performed with respect to rural environmental constraints and demands. Renewable Energy based DDG’s (Decentralized Distributed Generation Units) offer the potential for affordable, clean electricity with minimal losses and effective maintenance and local cost recovery. But Independent DDG projects are fraught with their own issues mainly stemming from the unreliable and intermittent nature of the generated power and high costs. We propose an alternative approach to rural electrification which involves off grid DDG units operated at the local level taking advantage of feasible renewable energy technologies, which can effectively serve rural areas and reduce the urgency of costly grid extension. In MIVIPP model, a multitude of decentralized units (renewable energy based units and a non-renewable energy based unit for last mile backup) are centrally controlled and managed as part of an interconnected network, resulting into a virtual power plant that can be operated as a distributed power plant large enough to reliably serve all the local electricity demands in a cost effective manner. Finally, by a set of simulation results we establish how an automated MIVIPP (based on an Intelligent Auto Control System) effectively addresses all the issues pertaining to Dispersed DDG units by leveraging the scalability achieved by mutually augmenting the supplies from different Renewable Energy Based DDG units.

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