The International Renewable Energy Agency (IRENA) has released a toolkit to help policy-makers, public and private investors, and public finance institutions boost their renewable energy investments.
“Scaling up renewable energy calls for mobilizing a massive investment increase,” the agency noted in a release last week. “Yet global investment in renewables has remained far below its potential,” reflecting “enduring market barriers and perceptions of high risk that deter private investors and financiers.”
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IRENA points to five areas where risks and barriers have to be cleared: advancing early-stage projects to “full investment maturity,” drawing local financial institutions into renewable energy finance, mitigating risk for private investors, mobilizing greater investment, and creating “facilities dedicated to scaling up renewable energy investment.”
