scholarly journals Thinking Outside the Box: Deepening Private Sector Investments in Fiji’s Nationally Determined Contributions through Scenario Analysis

2019 ◽  
Vol 11 (15) ◽  
pp. 4161
Author(s):  
Jale Samuwai ◽  
Jeremy Maxwell Hills ◽  
Evanthie Michalena
Keyword(s):  
Private Sector ◽  
Scenario Analysis ◽  
Energy Demand ◽  
Energy Transition ◽  
Private Investment ◽  
External Donor ◽  
External Finance ◽  
Energy Environment ◽  
Nationally Determined Contributions ◽  
To Come

Private finance is seen as the financing panacea for resourcing the nationally determined contributions (NDC) submitted by 170 countries to the United Nations (UN) system. Mobilizing private investment is challenging, especially for vulnerable Pacific Island Countries (PICs). Fifteen PICs have already submitted ambitious NDC targets, in which transition towards a sustainable energy environment through investment in renewable energy (RE) is central. Presently, RE investments in PICs are primarily external donor financed, however, reliance on limited and uncertain external finance is unlikely to deliver the required energy transition. A future scenario methodology was used, with Fiji as a case-study; the analysis provided insight into alternative trajectories towards transition. Based on the scenario analysis, an NDC resource mobilization framework was developed. Conclusions suggest that donors should re-orientate their priorities from investments in RE installations, towards investments that upgrade the current RE readiness levels and promote a long-term perspective of “organically growing” the local private RE sector. Channeling resources to target initiatives that will endogenously grow the domestic private sector is critical for PICs, as well as other developing countries, which represent a majority of the NDCs, and which are projected to dominate global growth in energy demand for decades to come.

scholarly journals Unlocking a Renewable Energy Future: How Government Action Can Drive Private Investment

2021 ◽  
Author(s):  
Norma Hutchinson ◽  
Maggie Dennis ◽  
Emil Damgaard Grann ◽  
Tyler Clevenger ◽  
Michelle Manion ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Private Sector ◽  
Energy Transition ◽  
Private Investment ◽  
Cost Effective ◽  
Working Paper ◽  
Private Sector Investment ◽  
Speed Up ◽  
Renewable Energy Generation ◽  
Policy Solutions

A renewable energy future is within our grasp: the technology is now widely available and cost-effective in most places around the world. But the current rates of deployment remain well below what is required to avert the worst impacts of climate change. The private sector is poised to invest billions of dollars to massively speed up, scale and support the energy transition. However, many investors, particularly in the private sector, are deterred by some of the risks related to renewable energy investments. As the energy transition is likely to be financed largely by the private sector, governments must work with the private sector to remove barriers and incentivize investment in renewable energy. This working paper, produced in partnership with Ørsted, focuses on the challenges and solutions to scaling investment in renewable energy generation and provides actionable policy solutions to unlock the private sector investment needed to support the energy transition.

Facing the energy transition: options for countries and companies to move forward

2020 ◽  
Vol 13 (4) ◽  
pp. 300-311
Author(s):  
Christine Batruch
Keyword(s):  
Energy Demand ◽  
Energy Use ◽  
Oil And Gas ◽  
Energy Transition ◽  
Carbon Intensity ◽  
Global Challenge ◽  
Oil And Gas Producers ◽  
Main Culprit ◽  
To Come ◽  
Fossil Fuel Industry

Abstract It has taken decades for the international community to recognize that climate change is a global issue that needs to be addressed by concerted international action. Many climate activists focus on the fossil fuel industry as the main culprit for greenhouse gas emissions and advocate for a cessation of investments in this sector. This is despite the fact that it is the use of oil and gas in housing, transportation and industry, not its production that represents over 90 per cent of its global emissions.1 This misrepresents the global challenge that is one facing society’s energy use at large. During this period of energy transition, and for decades to come, oil and gas will continue to constitute a major component of the world’s growing energy demand. All energy consumers, whether governments, industries and the general public therefore need to reduce their energy consumption, while producing countries and companies need to reduce their carbon footprint, as well as increase investments in renewable energy. In this context, Norway serves as a valuable case study of what it takes to become a carbon efficient energy producer. The example of Lundin Energy AB, one of Europe’s leading independent oil and gas producers, operating exclusively offshore Norway, shows how the Norwegian regulatory environment, coupled with the Company’s sustainability commitments and its Decarbonization Strategy, have resulted in the production of one of the lowest carbon intensity barrels in the world.

scholarly journals Data Analytics for Profiling Low-Voltage Customers with Smart Meter Readings

2021 ◽  
Vol 11 (2) ◽  
pp. 500
Author(s):  
Fabrizio Pilo ◽  
Giuditta Pisano ◽  
Simona Ruggeri ◽  
Matteo Troncia
Keyword(s):  
Energy Demand ◽  
Data Analytics ◽  
Distribution Systems ◽  
Low Voltage ◽  
Renewable Energy Sources ◽  
A Priori ◽  
Energy Transition ◽  
Smart Meters ◽  
Large Databases ◽  
A New Technique

The energy transition for decarbonization requires consumers’ and producers’ active participation to give the power system the necessary flexibility to manage intermittency and non-programmability of renewable energy sources. The accurate knowledge of the energy demand of every single customer is crucial for accurately assessing their potential as flexibility providers. This topic gained terrific input from the widespread deployment of smart meters and the continuous development of data analytics and artificial intelligence. The paper proposes a new technique based on advanced data analytics to analyze the data registered by smart meters to associate to each customer a typical load profile (LP). Different LPs are assigned to low voltage (LV) customers belonging to nominal homogeneous category for overcoming the inaccuracy due to non-existent coincident peaks, arising by the common use of a unique LP per category. The proposed methodology, starting from two large databases, constituted by tens of thousands of customers of different categories, clusters their consumption profiles to define new representative LPs, without a priori preferring a specific clustering technique but using that one that provides better results. The paper also proposes a method for associating the proper LP to new or not monitored customers, considering only few features easily available for the distribution systems operator (DSO).

scholarly journals Property Rights and Finance

2002 ◽  
Vol 92 (5) ◽  
pp. 1335-1356 ◽  
Author(s):  
Simon Johnson ◽  
John McMillan ◽  
Christopher Woodruff
Keyword(s):  
Property Rights ◽  
Private Sector ◽  
Bank Loans ◽  
New Firms ◽  
Limited Access ◽  
External Finance ◽  
Private Sector Investment ◽  
Weak Property ◽  
Communist Countries ◽  
Retained Earnings

Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available. Where property rights are relatively strong, firms reinvest their profits; where they are relatively weak, entrepreneurs do not want to invest from retained earnings.

The Australian Energy Transition as a Federalism Challenge: (Un)cooperative Energy Federalism?

2021 ◽  
pp. 1-25
Author(s):  
Anne Kallies
Keyword(s):  
Energy Transition ◽  
Energy System ◽  
Energy Sector ◽  
State Governments ◽  
National Importance ◽  
Energy Environment ◽  
Timely Fashion ◽  
Rapid Transition ◽  
Legal Frameworks ◽  
Cooperative Federalism

Abstract The law and regulation of the energy sector in Australia is subject to overlapping responsibilities of both federal and state governments. Crucially for energy transition efforts, neither energy, environment nor climate is mentioned in the Australian Constitution. Australia has a tradition of creative cooperative federalism solutions for responding to problems of national importance. In the energy sector this has resulted in an intricate national framework for energy markets, which relies on mirror legislation passed by participating states, with oversight by state and federal executive governments. Independently of these frameworks, both federal and state governments have passed climate change legislation, which crucially includes renewable energy support mechanisms. At a time when a rapid transition to a decarbonized energy system is essential, legal frameworks struggle to respond in a timely fashion. The political discourse around energy has become increasingly toxic – reflecting a dysfunctional state–federal relationship in energy and climate law. Australia needs to consider whether its cooperative federalism solutions are sufficient to support the energy transition and how climate law at the state and federal levels interacts with energy market legal frameworks.

Primary Energy System Chain Security Under the Energy Transition

2021 ◽  
Author(s):  
Osamah Alsayegh
Keyword(s):  
Electric Vehicles ◽  
Energy Demand ◽  
Oil And Gas ◽  
Supply And Demand ◽  
Energy Transition ◽  
System Security ◽  
Energy System ◽  
Primary Energy ◽  
Low Carbon ◽  
Low Carbon Energy

Abstract This paper examines the energy transition consequences on the oil and gas energy system chain as it propagates from net importing through the transit to the net exporting countries (or regions). The fundamental energy system security concerns of importing, transit, and exporting regions are analyzed under the low carbon energy transition dynamics. The analysis is evidence-based on diversification of energy sources, energy supply and demand evolution, and energy demand management development. The analysis results imply that the energy system is going through technological and logistical reallocation of primary energy. The manifestation of such reallocation includes an increase in electrification, the rise of energy carrier options, and clean technologies. Under healthy and normal global economic growth, the reallocation mentioned above would have a mild effect on curbing the oil and gas primary energy demands growth. A case study concerning electric vehicles, which is part of the energy transition aspect, is presented to assess its impact on the energy system, precisely on the fossil fuel demand. Results show that electric vehicles are indirectly fueled, mainly from fossil-fired power stations through electric grids. Moreover, oil byproducts use in the electric vehicle industry confirms the reallocation of the energy system components' roles. The paper's contribution to the literature is the portrayal of the energy system security state under the low carbon energy transition. The significance of this representation is to shed light on the concerns of the net exporting, transit, and net importing regions under such evolution. Subsequently, it facilitates the development of measures toward mitigating world tensions and conflicts, enhancing the global socio-economic wellbeing, and preventing corruption.

Infrastructure deficit and opportunities in Africa

2017 ◽  
Author(s):  
Albert Mafusire ◽  
Zuzana Brixiova ◽  
John Anyanwu ◽  
Qingwei Meng
Keyword(s):  
Private Sector ◽  
Low Income ◽  
Private Investment ◽  
Low Income Countries ◽  
Infrastructure Development ◽  
African Countries ◽  
Policy Makers ◽  
Private Sector Investment ◽  
Investment Opportunities ◽  
Financing Infrastructure

Private sector investment opportunities in Africa’s infrastructure are huge. Regulatory reforms across African countries are identified as critical to the realization of the expected investment flows in the infrastructure sector. However, planners and policy makers need to note that there are infrastructure deficiencies in all subsectors with low income countries (LICs) in Africa facing the greatest challenge. Inefficiencies in implementing infrastructure projects account for USD 17 billion annually and improving the capacity of African countries will help minimize these costs. In this regard, the donor community must play a greater role in African LICs while innovative financing mechanisms must be the focus in the relatively richer countries of the continent. Traditional sources of financing infrastructure development remain important but private investment is critical in closing the current gaps. Countries need to devise mechanisms to exploit opportunities and avoid pitfalls in investing in infrastructure.

scholarly journals The Role of Investment in Road Development in Egypt: دور الاستثمار في تنمية الطرق البرية في مصر

2019 ◽  
Vol 3 (11) ◽  
Author(s):  
Yasmine Mahmoud Elgazzar
Keyword(s):  
Economic Development ◽  
Private Sector ◽  
Urban Communities ◽  
Economic Activity ◽  
Private Investment ◽  
External Funding ◽  
Transportation Sector ◽  
Road Development ◽  
Analytical Approaches

    The paper illustrates the role of investment in the roads transportation sector development in Egypt. As the investments is considered an important source of external funding especially for countries that are characterized by low level of savings and investments like Egypt. As the country is seeking to attract many investments in order to work on the expansion and the construction of new urban communities and industrial centers. Egypt also is trying work on extending the roads networks between the different regions. The thing that made it a necessity for Egypt to attract the private investment sector as source to finance these investments in the transportation sector. To achieve the objective of the paper, both inductive and descriptive analytical approaches will be combined. The study concluded that there should be integration between economic activity plans and expansion plans in transport activities depending on the size of investment and also encourage the private sector to provide many investments to help the growth of industries, intensify investment and participate in the wheel of economic development.   ، ، ، ، ، ،

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