listserv message detail


 

Lin, Jessica (FELLOW) | Apr, 19 2017

 

Call for Abstracts: publishing opportunity on innovative energy finance

Colleagues,

I am writing to share a publishing opportunity with you. I am editing a hardcover collection on clean energy finance (by selected invitation only) and interested individuals are encouraged to submit one or more original research or review chapter(s) for the upcoming work which will be published by Nova Science Publishers (https://www.novapublishers.com) upon submission in September. The work is tentatively titled, "Clean Energy Finance: Blended Options for a Brighter Future".

The deadline for abstract submission (up to 500 words) is May 15, 2017. Abstracts which are chosen to be included in the book will be notified by June 15, 2017 and the completed chapter will be due on August 15, 2017. Interested individuals should send an abstract and CV directly to me, for consideration, by May 15.

Brief Description:
By 2030, one billion people are expected to get electricity for the first time[1]. Experts agree that countries should aim to decrease CO2 emissions by 50-90% by mid-century compared to today's level to mitigate climate change outcomes[2]. To do so, UNEP argues that it would require US$90 trillion over the next fifteen years to meet the power needs of the future in accordance with the climate change limiting strategies of the 2030 Agenda for Sustainable Development and the goals of the Paris Agreement[3]. By contrast, the International Energy Agency argues that implementing the current international pledges would not mitigate the worst anticipated impacts of climate change because it would only limit the rise in global temperatures to 2.7oC by 2100, not the needed 2oC[4]. Furthermore, the fate of the ambitious Paris Agreement is in question, but the need to mitigate the negative effects of climate change remains.
This book proposes alternative solutions to mobilize unprecedented amounts of capital from public, private, non-profit and philanthropic sources to meet the energy demands of the future in a clean way. By providing curated expert insights into alternative means of structuring existing financial products and suggestions for future financial product design, this text book intends to offer guidance and hope to future generations in need of clean power solutions.

Possible topics include:
1) Global demand for energy - market potential
2) Global supply of available capital
3) Green bonds
4) Current use of subsidies for clean energy deployment
5) Blended finance in international development
6) Opportunities for foundations to fund solar + storage for low income communities
7) Structured products, role of insurance companies to price risk or other innovative financing mechanisms
8) Potential benefits of the blended model to various stakeholders

The publication will evaluate the current challenge of meeting the energy demands of the future in a way that will mitigate the potentially devastating impacts of climate change. Through a series of edited chapters by experts in their respective fields, this work will illustrate that there is enough capital to meet the global demand, but all of the available capital is not being utilized. In particular, grants and/or concessional funds are not being deployed for this important cause. A series of challenges have made it difficult to do so, such as lack of tax equity, lack of transparency on pipeline of projects and lack of proper risk adjusted returns. While tools like green bonds have had limited success, there are a range of options for structuring financial products that could meet the global demand for clean energy. Blended finance has been used in international development and to de-risk early stage technologies, but the full range of blended financing options and means to tap into this potential will be explored in this graduate level business school text.

Stacy Swann, CEO of Climate Finance Advisors, is the first confirmed author and will be writing a chapter on the history of blended finance from its roots in international development and its applicability to today's clean energy needs: https://climatefinanceadvisors.com/ourteam/.

Let me know if you have any questions.

Best,
Jessica

________________________________________
[1] Bullis, Kevin, Storing the Sun, MIT Technology Review, February 18, 2014.
[2] WIREs Clim Change 2015, 6:93-112. doi: 10.1002/wcc.324.
[3] United National Environment Program (UNEP), Financing Sustainable Development: Moving from Momentum to Transformation in a Time of Turmoil, 2016: http://unepinquiry.org/wp-content/uploads/2016/09/Financing_Sustainable_....
[4] International Energy Agency (IEA), World Energy Outlook 2016, Organisation for Economic Cooperation and Development (OECD)/International Energy Agency (IEA),Paris, France, 2016.

--
Jessica Lin
Senior Finance Fellow
Oak Ridge Institute for Science and Education

All opinions expressed are the editor's and do not necessarily reflect the policies and views of DOE, ORAU, or ORISE.