Expansion of the investor base for the energy transition

McInerney, C and Bunn, D W (2019) Expansion of the investor base for the energy transition. Energy Policy, 129. pp. 1240-1244. ISSN 0301-4215

Abstract

Despite the emergence of the green bond market, the Energy Service Company (ESCO) model and green investment banks, the opportunities which the world’s capital markets present to increase the pool of potential investors and reduce project financing costs for renewable, energy efficient and low carbon assets remain under-exploited. This has been a persistent concern for policy-makers. We review the appeal of this sector to different classes of investor and assess the successes and failures of several innovative products including securitisations, yieldcos, green bonds, green investment banks and crowdfunding. We analyse the experiences with these products and suggest that policy needs to recognise how fiscal initiatives can leverage their inherent appeal.

More Details

Item Type: Article
Subject Areas: Management Science and Operations
Funder Name: Environmental Protection Agency
Subjects: C > Crowdfunding
I > Investment and growth
R > Renewable energy industry
Date Deposited: 12 Apr 2019 10:56
Last Modified: 02 Dec 2019 17:40
URI: http://lbsresearch.london.edu/id/eprint/1113
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