Multi-stakeholder Ecosystem Approach and Blended Finance to Serve Value for Money and Sustainable Development in Green Energy Infrastructure in Fragile Economies
摘要
Developing countries, particularly low incomes countries, suffer from an important lack of infrastructure. Yet, infrastructure is key to economic growth and social development. Energy infrastructure plays a significant role: without electricity, for instance, no light in schools and homes, no power to produce products or services. If power is scarce, it might be expensive and if so, then products are not competitive enough for export, hence the limited revenues from the outside in these countries (except those revenues from low-value-adding natural resources). Ultimately with few resources and funding, building infrastructure is challenging, whether in clean energy or any other infrastructure. Developing countries intend to build renewable energy generation plants, international private investors are interested but they have access to safer investment opportunities, these countries often end up relegated and become second-choice investment options, at best. Development banks and climate funds are supportive and provide de-risking instruments, but it is not enough, there are still globally 700 million people with no access to electricity. The proposed model, based on ecosystem collaboration, intends to bring all relevant stakeholders together through an efficient system of risk and reward sharing, using existing instruments such as blended finance and public private partnership models. Its objective is to facilitate collaboration between investors, lenders and the rest of the key infrastructure project involved parties. Such collaboration should then enhance value for money, help build future-resilient green infrastructure and contribute to the attainment of the United Nations sustainable development goals.