ADBI Working Paper Series
IMPLICATIONS OF FISCAL AND FINANCIAL
POLICIES FOR UNLOCKING GREEN FINANCE
AND GREEN INVESTMENT
Dina Azhgaliyeva,
Zhanna Kapsaplyamova,
and Linda Low
No. 861
August 2018
Asian Development Bank Institute
According to the International Energy Agency (IEA), the globe requires $44 trillion of
new investment in the global energy supply, including $9 trillion of new investment in
renewable energy to sustain the growth in the energy demand until 2040 (IEA 2016).
Scaling up private investment in renewable energy is indispensable for achieving
decarbonization of the global economy, low carbon transformation, and climate-resilient
growth. As advocated by the United Nations, governments should create a level
playing field for private investment in clean energy, and they should use fiscal policies
to incentivize the private sector’s engagement.
Blog » IMPLICATIONS OF FISCAL AND FINANCIAL POLICIES FOR UNLOCKING GREEN FINANCE AND GREEN INVESTMENT BY:ADBI Working Paper Series
IMPLICATIONS OF FISCAL AND FINANCIAL POLICIES FOR UNLOCKING GREEN FINANCE AND GREEN INVESTMENT BY:ADBI Working Paper Series
ADBI Working Paper Series
IMPLICATIONS OF FISCAL AND FINANCIAL
POLICIES FOR UNLOCKING GREEN FINANCE
AND GREEN INVESTMENT
Dina Azhgaliyeva,
Zhanna Kapsaplyamova,
and Linda Low
No. 861
August 2018
Asian Development Bank Institute
According to the International Energy Agency (IEA), the globe requires $44 trillion of
new investment in the global energy supply, including $9 trillion of new investment in
renewable energy to sustain the growth in the energy demand until 2040 (IEA 2016).
Scaling up private investment in renewable energy is indispensable for achieving
decarbonization of the global economy, low carbon transformation, and climate-resilient
growth. As advocated by the United Nations, governments should create a level
playing field for private investment in clean energy, and they should use fiscal policies
to incentivize the private sector’s engagement.