气候变化领域集成服务门户(CCPortal): How to finance the transition to low-carbon energy in Europe?

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DOI	10.1016/j.enpol.2020.111863
	How to finance the transition to low-carbon energy in Europe?
	Polzin F.; Sanders M.
发表日期	2020
ISSN	03014215
卷号	147
英文摘要	In this paper, we use standard scenarios focussing on renewable energy, energy efficiency and grid investments. We take stock of the literature and quantitative data on available sources of financing for clean energy to qualitatively match supply and demand of specific sources of finance in the European context. Our analysis shows that under the current investment mandates and lending criteria the required funds for a successful energy transition are available. In fact, the current landscape of financing sources can provide between two and six times what is necessary. However, institutional investors and lenders such as pension funds and banks in particular are reluctant to invest in the renewable energy or grid infrastructure because of expected (policy) discontinuities. In addition, more venture capital and household investment are needed to finance low-risk small-ticket projects in the early stages of innovative clean energy technologies, to complement the abundantly available funds for large-scale investments. Based on our analysis, we develop a matrix indicating the role and availability of different sources of finance and new intermediation channels in the energy transition and how these should be deployed. © 2020 The Authors
关键词	Clean energy investments Financial system Mitigation pathways Sources of finance
英文关键词	Carbon; Economics; Energy efficiency; Clean energy technology; Energy transitions; Grid infrastructures; Institutional investors; Large scale investments; Low carbon energies; Quantitative data; Renewable energies; Investments; alternative energy; electricity supply; energy efficiency; energy policy; financial system; investment; Europe
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204818
作者单位	Utrecht University School of Economics (U.S.E.), Sustainable Finance Lab (SFL), Kriekenpitplein, 21-22, Utrecht, 3584 EC, Netherlands
推荐引用方式 GB/T 7714	Polzin F.,Sanders M.. How to finance the transition to low-carbon energy in Europe?[J],2020,147.
APA	Polzin F.,&Sanders M..(2020).How to finance the transition to low-carbon energy in Europe?.Energy Policy,147.
MLA	Polzin F.,et al."How to finance the transition to low-carbon energy in Europe?".Energy Policy 147(2020).