Renewable Energy Finance Policy

This project works directly with leading financiers (lending and equity) on their views of the policy conditions required for increased investment in renewable energy. The aim is to provide concrete input into policy development, to get better results on the ground. By examining the specifics in relation to renewable energy (and its subsectors), lessons can be drawn that are relevant for the broader 'technology and investment' debate underway at the international level.

The project is international in scope, however since commencement at the end of 2006, has been focused on the development of the EU's Renewables Directive as well as policy development in the UK, while it has retained its international scope through attendance at the Renewable Energy Finance Forums in the US, and interaction with UNEP's Sustainable Energy Finance Initiative (initial sponsors of this Project), REN21, and the UNFCCC to keep track on financing and policy trends internationally. Analysis of the breakdown of global investment now finds a growing proportion heading to developing countries: China, India and Brazil now command 22% of new investment, a 14 fold increase over 2004. Preliminary work with the finance sector in the Asian region in June 2007 indicates that many of the same policy-related issues are playing out in developing countries. In early 2009 the project will develop its detailed work with financiers and investors interested in renewable energy (and energy efficiency) in key developing country markets.

This project is interested to hear from:

Financiers actively investing, or interested in renewable energy, and energy efficiency;
Policymakers interested in this model of informal engagement with national/local financiers;
Policymakers with an international focus, interested in the transmission between policy and investment;
Finance-sector organisations with an interest in understanding the development of climate policy and renewable energy policy.

Forthcoming Papers

Briefing Paper
Kirsty Hamilton
October 2008

Recent Papers

Members only content Renewable Energy: Generating Money
The World Today, Volume 63, Number 11, November 2007
Kirsty Hamilton

Investors Question EU Trading
Environmental Finance, December 2007-January 2008
Kirsty Hamilton

For meeting summaries, contact Kirsty Hamilton.

Meetings

Finance Roundtable: UK Renewable Energy Strategy Consultation
Workshop, September 2008

Finance Roundtable: Renewable Energy Trading Issues across Europe
Workshop, November 2007
Organised by Chatham House and the Department for Business, Enterprise & Regulatory Reform

Finance Roundtable: Round 2 Review of the UK's Renewables Obligation Support Mechanism
Workshop, September 2007

Finance Roundtable: Side event at the Green Power Renewable Energy Finance Asia Conference
Workshop, June 2007
Singapore

Finance Roundtable: EU Renewables Directive Development - Electricity and Heat Sectors
Workshop, June 2007
Organised by Chatham House and the European Commission

Finance Roundtable: EU Renewables Directive Development-Biofuels
Workshop, June 2007
Organised by Chatham House and the European Commission

Finance Roundtable: Round 1 Review of the UK's Renewables Obligation Support Mechanism
Workshop, November, 2006
Organised by Chatham House & British Wind Energy Association

Contact

Kirsty Hamilton
Associate Fellow, Energy, Environment and Development Programme
Telephone: +44 (0)7986 355561
Email: Kirsty Hamilton

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