2023
DOI: 10.1186/s13705-022-00379-9
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Financing renewable energy: policy insights from Brazil and Nigeria

Abstract: Background Achieving climate targets will require a rapid transition to clean energy. However, renewable energy (RE) firms face financial, policy, and economic barriers to mobilizing sufficient investment in low-carbon technologies, especially in low- and middle-income countries. Here, we analyze the challenges and successes of financing the energy transition in Nigeria and Brazil using three empirically grounded levers: financing environments, channels, and instruments. … Show more

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Cited by 23 publications
(10 citation statements)
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“…Financing was also a major factor driving STI in meeting SDG7 and SDG13, though considered slightly less important than the top three in implementing the sustainable development agenda. Yet, weak financing instruments undermine the implementation of low carbon technologies in LMICs [49,50]. Flexible access to IP obtained the lowest mean score, but once again, all factors were considered important (above 4.0).…”
Section: Solutions To Achieve Sdg7 and Sdg13mentioning
confidence: 95%
“…Financing was also a major factor driving STI in meeting SDG7 and SDG13, though considered slightly less important than the top three in implementing the sustainable development agenda. Yet, weak financing instruments undermine the implementation of low carbon technologies in LMICs [49,50]. Flexible access to IP obtained the lowest mean score, but once again, all factors were considered important (above 4.0).…”
Section: Solutions To Achieve Sdg7 and Sdg13mentioning
confidence: 95%
“…With well-established solar and wind initiatives, South Africa has also made progress in using renewable energy. India is also a global leader in adopting renewable energy, with ambitious solar and wind installation goals (Chanchangi et al, 2022;Isah et al, 2023;Kumar and Majid, 2020). All nations face governance and regulatory challenges in their energy sectors, which impact efficiency and transparency; however, countries such as Egypt have implemented reforms to reduce subsidies and promote energy efficiency (Rennk et al, 2017), whereas Nigeria's energy sector is negatively impacted by corruption and policy uncertainty.…”
Section: Literature Review Energy Sector In Nigeriamentioning
confidence: 99%
“…Schmidt (2023), in his paper on impact investment and market failure, highlights the positive contribution of this tool to improving market efficiency and mitigating market failure effects. Isah et al (2023) in their study on renewable energy in Nigeria and Brazil come out clear that alongside other financing instruments, the blended finance instrument is critical in mobilizing financing for renewable energy. Murafa, and Cojoianu, (2023) in their discussion on decarbonization in the Romanian economy state clearly that blended finance has a considerable potential of accelerating the walk toward a Carbon zero economy.…”
Section: Blended Financementioning
confidence: 99%