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Lessons on the role of public finance in deploying geothermal energy in developing countries
This report by the Climate Policy Initiative (CPI) analyzes the role of public finance in accelerating geothermal energy deployment in developing countries. Based on case studies from Turkey, Kenya, and Indonesia, the report demonstrates that public risk-mitigation measures can reduce the levelized cost of electricity (LCOE) and allow governments to achieve electricity generation goals while spending only 15-35% of the resources required for sole public ownership.
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Document type: Report
Public Finance and Private Exploration in Geothermal: Gümüşköy Case Study Turkey
This case study examines the role of public finance in mitigating early-stage exploration risks for geothermal energy, focusing on the Gümüşköy Geothermal Power Plant in Turkey as the first instance of private sector financing for an unproven field in the country.
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Document type: Case study
Spain: created world-leading CSP industry, shattered investor confidence
This case study by the Climate Policy Initiative examines the trajectory of Spain's concentrated solar power (CSP) industry, detailing how initial successful incentives led to rapid deployment and innovation, followed by a collapse in investor confidence due to retroactive policy changes and a lack of cost-control mechanisms.
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Document type: Case study
Getting the Most from Your Green: A Case Study for Using Public Money Effectively for Large-Scale Renewable Energy in California
This case study describes the Climate Policy Initiative's (CPI) methodology for identifying effective public financial interventions for low-carbon projects, using large-scale renewable energy in California as an example.
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Document type: Case study
The Landscape of Public Climate Finance in Indonesia
This document consists of the annexes to a July 2014 report by the Indonesian Ministry of Finance and the Climate Policy Initiative (CPI). It provides detailed data on the use of public climate finance in Indonesia for 2011, including budget expenditure tables, definitions of climate finance by sector, a comparison of budget line markings, a list of relevant laws and regulations, and a review of climate-related activities by state-owned enterprises (SOEs).
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Document type: Report
San Giorgio Group Case Study: Eskom CSP 100MW Plant South Africa
This case study examines the 100 MW Eskom CSP power tower plant in Upington, South Africa, focusing on its financial structure, risk management, and the role of public funding in deploying emerging concentrated solar power (CSP) technologies.
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Document type: Case study
San Giorgio Group Case Study: The Role of Public Finance in CSP India Rajasthan Sun Technique
This case study analyzes the 100 MW Rajasthan Sun Technique concentrated solar power (CSP) plant in India, examining how a combination of national policy, foreign public debt, and private risk management enabled the project despite broader failures in India's National Solar Mission (NSM) phase one. While the project demonstrates the viability of linear Fresnel technology and the importance of long-term public financing, it also highlights the 'winner's curse' associated with reverse auctioning schemes that led to underestimated costs and project delays across the sector.
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Document type: Case study
THE GOVERNANCE OF CLIMATE FINANCE IN AFRICA, ASIA AND LATIN AMERICA: SOME CRITICAL REFLECTIONS
This policy brief by the Institute for Security Studies examines the governance of climate finance in Africa, Asia, and Latin America. It analyzes the imbalance between mitigation and adaptation funding, the dominance of private finance over public funds, and the role of regional development banks in shaping climate policy and investment in these regions.
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Document type: Policy brief
Key Takeaways from the Workshop on The State of International Climate Finance: Is It Adequate and Is It Productive?
This report outlines the key takeaways from a workshop held on 14 October 2010 in Venice, hosted by the Climate Policy Initiative (CPI), the International Center for Climate Governance (IGCC), and the Euro-Mediterranean Centre for Climate Change (CMCC). The event convened policymakers and experts to discuss the adequacy and productivity of international climate finance, identifying critical gaps in data, the under-tracking of domestic and South-South flows, and the challenges of measuring private sector contributions.
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Document type: Report
International Public Financing of Coal in a Carbon-Constrained World
This briefing summarizes an analysis by the Environmental Defense Fund (EDF) regarding the role of Multilateral Development Banks (MDBs) and public international finance in funding coal-fired power plants, contrasting this with the lower levels of funding for renewable energy and the associated health and environmental costs.
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Document type: Briefing
Le monde de Kafka : la politique de la Banque européenne d’investissement en matière d’information
This fact sheet, published by Friends of the Earth International in September 2004, criticizes the European Investment Bank (EIB) for its lack of transparency and restrictive information policies. It argues that the EIB often withholds critical project documentation, such as environmental impact assessments, until after loans are approved, thereby preventing public participation and oversight. The document outlines the EIB's 2002 and 2004 policy updates and presents a series of demands from NGOs to align the bank's practices with international standards and EU law.
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Document type: Fact sheet
A CLOSER LOOK AT PUBLIC ADAPTATION FINANCE
This fact sheet from the Climate Policy Initiative provides an overview of public adaptation finance flows, primarily for the year 2013, detailing the sources, instruments, sectors, and geographic destinations of these funds.
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Document type: Fact sheet
Bridging the Adaptation Finance Gap in Asia
This policy brief by the Climate Policy Initiative examines the significant gap between the required and actual adaptation finance in Asia. It identifies systemic barriers—including institutional capacity constraints, a reliance on loan-based funding, and a lack of local community integration—and proposes a 'whole-of-government' approach to scale and improve the quality of climate resilience investments.
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Document type: Policy brief
nofutureenglish_11-f625a5f53d6cd1f4.pdf
A December 2019 briefing by Global Energy Monitor detailing the financial risks associated with Japanese public finance institutions' continued support for coal power projects in South and Southeast Asia amidst falling renewable energy costs.
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Document type: Briefing
g20-scorecard-south-africa-39d51d6821e805be.pdf
This fact sheet by the International Institute for Sustainable Development evaluates South Africa's government support for fossil fuels, ranking it as the second-worst performer among G20 non-OECD member countries due to poor transparency and continued backing of coal-based power.
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Document type: Fact sheet
sei-pg2021-execsummary-r5-rev2-web-20b3a593ffc4a81c.pdf
The 2021 Production Gap report by the Stockholm Environment Institute finds that global government plans for fossil fuel production in 2030 are more than double what is required to limit warming to 1.5°C. Despite net-zero pledges, most major producers plan to increase or maintain production, and G20 nations have provided more new funding to fossil fuels than clean energy since the start of the COVID-19 pandemic.
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Document type: Executive summary
Increasing Public Finance
This guide from the World Resources Institute outlines various instruments for raising public finance to support climate goals, focusing on international public finance, climate bonds, debt-for-climate swaps, and national climate funds. It details how these mechanisms can help developing countries fill funding gaps for their Nationally Determined Contributions (NDCs), the benefits and challenges associated with each, and provides real-world examples of their implementation.
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Document type: Guide
Getting to $100 Billion: Climate Finance Scenarios and Projections to 2020
This research paper analyzes quantitative scenarios to determine which combinations of public and private finance sources could enable developed countries to meet the $100 billion annual climate finance goal by 2020, as committed during the 2009 Copenhagen UNFCCC meeting.
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Document type: Research paper
Future of the Funds: Exploring the Architecture of Multilateral Climate Finance
This report by the World Resources Institute examines seven multilateral climate funds, arguing that the proliferation of these funds has created inefficiencies and overlapping roles. It proposes a two-phased reform strategy: short-term operational changes to improve coordination and specialization, and long-term architectural changes that may include the consolidation or closure of certain funds to better catalyze the trillions of dollars in investment needed for a low-emissions, climate-resilient world.
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Document type: Report
Moving the Fulcrum
This working paper by the World Resources Institute outlines how public finance instruments and policy support can be used to leverage private sector capital to meet the significant low-carbon investment needs of developing countries.
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Document type: Research paper