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How Can International Financial Institutions Support Cross Border Energy Projects in Emerging Market Economies?

Hilmar Tor Hilmarsson
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Hilmar Tor Hilmarsson: University of Akureyri, Iceland

Journal of Applied Management and Investments, 2013, vol. 2, issue 4, 253-262

Abstract: Investments in clean energy, including geothermal and hydropower projects, are increasingly important to meet the growing energy needs in the world. A large part of clean energy sources in the world are located in emerging markets. Investors in those markets often face higher risks than those investing in high income economies. Higher risks in turn reduce capital flows to emerging markets. This article discusses cross border clean energy projects to emerging markets and the risk mitigation instruments offered by international financial institutions and export credit agencies. The article argues that IFIs should make more use of their guarantee powers to help mobilize private sector funding for clean energy investments to emerging markets.

Keywords: public-private partnerships (PPPs); clean energy; emerging markets; international financial institutions (IFIs); export credit agencies (ECAs); risk mitigation instruments (search for similar items in EconPapers)
Date: 2013
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Handle: RePEc:ods:journl:v:2:y:2013:i:4:p:253-262