Expansion of the investor base for the energy transition

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dc.contributor.authorMcInerney, Celine
dc.contributor.authorBunn, Derek W.
dc.contributor.funderEnvironmental Protection Agency
dc.date.accessioned2024-02-28T16:06:23Z
dc.date.available2024-02-28T16:06:23Z
dc.date.issued2019
dc.description.abstractDespite 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. © 2019en
dc.description.sponsorshipEnvironmental Protection Agency (Project Number 2015-CCRP-MS.27 )en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationMcInerney, C. and Bunn, D. W. (2019) 'Expansion of the investor base for the energy transition', Energy Policy, 129, pp.1240-1244. https://doi.org/10.1016/j.enpol.2019.03.035en
dc.identifier.doihttps://doi.org/10.1016/j.enpol.2019.03.035
dc.identifier.endpage1244
dc.identifier.issn3014215
dc.identifier.journaltitleEnergy Policyen
dc.identifier.startpage1240
dc.identifier.urihttps://hdl.handle.net/10468/15600
dc.identifier.volume129
dc.language.isoenen
dc.publisherElsevier Ltden
dc.rights© 2019, Elsevier Ltd. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 license.en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectCrowdfundingen
dc.subjectEnergy efficiencyen
dc.subjectGreen bondsen
dc.subjectGreen investment banksen
dc.subjectInvestmenten
dc.subjectRenewable energyen
dc.subjectReturnsen
dc.subjectYieldcoen
dc.titleExpansion of the investor base for the energy transitionen
dc.typeArticle (peer-reviewed)en
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