Renewable energies in the Middle East and North Africa: Policies to support private investment MENA-OECD Task Force on Energy and Infrastructure

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Renewable energies in the Middle East and North Africa: Policies to support private investment MENA-OECD Task Force on Energy and Infrastructure"

Transcription

1 Renewable energies in the Middle East and North Africa: Policies to support private investment MENA-OECD Task Force on Energy and Infrastructure 11 th meeting of the MENA-OECD Task Force on Energy and Infrastructure 8 April, Cairo, Egypt Ania Thiemann Project Manager and Lead Economist, MENA-OECD Investment Programme

2 Presentation overview 1. Arguments in favour of investing in renewable energy 2. Barriers to investment in renewable energy 3. Inventory of support measures 4. Main recommendations from the Task Force to MENA governments 2

3 1. ARGUMENTS SUPPORTING INVESTMENT IN RENEWABLE ENERGY 3

4 Why invest in renewable energy in the MENA region? Energy demand is expected to continue to rise in MENA above the world average by around 3% a year from 2010 to 2030 Energy consumption has risen on average by 5.2% a year since 2000 Demand for electricity is further spurred by a growing population, increasing at a regional average of around 2% a year. The MENA region has one of the highest solar and wind energy potentials in the world Concentrated solar power (CSP) plants could generate 100 times the combined electricity consumption of the MENA region and Europe together (IEA estimates). Large-scale wind farms potentially on the Atlantic and Red Sea coasts and some parts of the Sahara Desert - the wind speed in these areas exceed 6.9 meters/second. An alternative long-term energy strategy Reduces oil dependency of resource- poor countries Improves energy security Improves net balances for net oil-importers 4

5 A different way of meeting policy challenges Renewable energy projects generate much-needed jobs... Solar photovoltaic plants use on average seven times more labour than coal-fired plants for like to like production of megawatt hours. Wind power uses 1.83 times more labour than natural gas. Jobs in local manufacturing activities (design and fabrication, and in R&D of renewable energy technology components).... and contribute to inclusive growth by: Increasing women s economic empowerment; Encouraging the transfer of skills and technology from foreign investors; Bringing electricity to rural and under-developed areas. 5

6 2. BARRIERS TO INVESTMENT IN RENEWABLE ENERGY 6

7 Renewable energy projects common risks and barriers Investing in renewable energy entails a certain number of risks for the investor owing to the novelty of the technology and the competition from traditional energy sources in MENA. Among these are: High cost and the associated lack of profitability High infrastructure risks (grid access, but also more basic infrastructure) Client risks (RE contracts are long term, typically years) Political and regulatory risk Market risks Technical risks associated with novel technology Access to finance Competition from local energy producers/incumbents Domestic energy subsidies (fuel and power) 7

8 Renewable energy projects common risks and barriers Investing in renewable energy entails a certain number of risks for the investor owing to the novelty of the technology and the competition from traditional energy sources. Numerous risk factors imply that Renewable Energy Projects fall within the category of investment where the OECD identifies the need for carefully targeted and time-bound incentives 8

9 3. INVENTORY OF SUPPORT MEASURES AND INVESTMENT INCENTIVES FOR RENEWABLE ENERGY 9

10 Four categories of investment incentives identified Financial incentives Aim at correcting market imperfections and reducing transaction costs for investors. Soft loans, loan guarantees, capital subsidies, premiums and grants. Financial incentives generally require public funds or funds from a foreign or supranational entity. Regulatory incentives Policies improving the business environment in general or targeted at specific sectors Liberalisation of a market, regulatory exemptions granted to specific sectors, etc. Regulatory incentives generally do not entail major public expenses. 10

11 Four categories of investment incentives identified Fiscal incentives Easing of the tax burden on the investing companies or their employees. Different sorts of tax exemptions on items such as import levies, sales tax, value-added-tax and so on. The government manages these incentives to balance the impact on the public budget with the stimulus effect. Market-based incentives Encouraging market actors to use or produce a share of electricity from renewable energy sources by offering commodities such Tradable Green Certificates or Carbon Credits 11

12 Inventory of existing support mechanisms in selected MENA economies Public competitive bidding Feed -in Tariffs Net Metering Tradable CDM Capital subsidies, grants and premium Investment tax credit Training incentives Reduction in sales taxes or VAT; Customs taxes Algeria Egypt (projected for 2012) Jordan Morocco Tunisia UAE 12

13 Weakness of current policies in the MENA region From the investors point of view Lack of clarity regarding available incentives undermines private sector participation and competition Absence of adequate regulatory frameworks and well-targeted support measures In many cases, no or little support for renewable energy Absence of long-term guarantees or off-take agreements Market distortion (subsidies, price regulation) From the governments point of view Overlapping incentives increase risk of wasting public resources Current incentives do not encourage private sector to hire and train local staff Need to create business linkages with local SMEs Need to stimulate innovation 13

14 4. ENERGY TASK FORCE RECOMMENDATIONS 14

15 Framework conditions that favour investment Create an enabling environment Investment regimes should be clear and transparent Governments should establish an adequate legal framework for the energy sector and adopt a national energy strategy. Governments should deregulate the sector and allow independent electricity producers. Set up independent energy regulators, and establish a renewable energy agency. National grids should be upgraded and enhanced to allow for the uptake of energy from a number of different and varying sources Renewable energy producers should have favourable access to the grid 15

16 Favourable framework conditions, cont d A national energy strategy should set targets for the share of renewable energy in the domestic energy mix; establish clear energy production and consumption targets; and consider renewable energy generation at different sizes and scales. 16

17 Selecting the right incentive scheme(s) General conditions to minimise wasting public resources Incentive schemes should be: Predictable and clear with transparent and easily available rules; Uniform and non-discriminatory; Transitional until technologies become competitive; and Neither too high nor too low. Focus on additionality Efficiency: to drive the investment decision. Least costly for the state: to reduce moral hazard and information asymmetries. Snowball effect: to generate follow-on investment. 17

18 Selecting the right incentive scheme, cont d To optimise the energy incentive, consider: Size of the project/access to finance Accelerate administrative procedures Ease access to finance and risk sharing instruments Type of investor/firm (start-ups vs. mature firms) Technological capacity of the domestic sector Encourage R&D and innovation Support locally manufactured components Train and prioritise the use of the local workforce Country-specific risks (oil exporters vs. oil importers) 18

19 Best-in-class: investors choice An effective incentive scheme: key features Cash-flow incentives work better than one-off financial incentives provided at the start-up phase of the investment. Long-term agreement between the investor and the state providing visibility and predictability for the private investor Adapt the scheme to the type of project Large plants: A power purchasing agreement or a long-term offtake agreement/feed-in Tariff, combined with a power purchase agreement Plant-level generation for energy intensive industries: Net metering associated with political risk insurance Individual level: flexibility of structures; importance of infrastructure, state support and political will 19

20 How to embed renewable energy for the future Guidelines for policy makers -- monitoring and evaluation Monitor, evaluate and review the schemes regularly. Set up a public centre of expertise to limit the risk of adverse selection. Establish a clear framework for policy evaluation of incentives. Establish a schedule for revision of incentives ahead of their inception. Ensure rules are known. Maintain dialogue with investors. Revise incentives as technology and markets evolve. 20

21 Thank you for your attention. Contacts Ania Thiemann Rayann Koudaih 21

Spurring Growth of Renewable Energies in MENA through Private Sector Investment

Spurring Growth of Renewable Energies in MENA through Private Sector Investment MENA-OECD Business Council: Task Force on Energy and Infrastructure WORKING PAPER PRESENTING THE PRIVATE SECTOR S VIEW Spurring Growth of Renewable Energies in MENA through Private Sector Investment Agenda

More information

International Workshop on Renewable Energy Policies in Developing Countries, November 22-23, 2010 Washington, DC

International Workshop on Renewable Energy Policies in Developing Countries, November 22-23, 2010 Washington, DC RENEWABLE ENERGY in MENA Region: Assets and Challenges Mustapha Taoumi, Project Officer, MENA Region Contents 1. Worldwide situation 2. Potential in MENA countries 3. Actual situation 4. Assets 5. Challenges

More information

REN21 2014 Global Status Report Renewable energy in the MENA region. Presented by the UAE Ministry of Foreign Affairs 3 July 2014

REN21 2014 Global Status Report Renewable energy in the MENA region. Presented by the UAE Ministry of Foreign Affairs 3 July 2014 REN21 2014 Global Status Report Renewable energy in the MENA region Presented by the UAE Ministry of Foreign Affairs 3 July 2014 News of 2013 and early 2014 200 MW of wind completed and 160 MW of CSP under

More information

Energy Finance in the Middle East: Uncertainties and Opportunities Maamari Auditorium, OSB AUB, 22 January 2016

Energy Finance in the Middle East: Uncertainties and Opportunities Maamari Auditorium, OSB AUB, 22 January 2016 American University of Beirut (AUB) The Munib and Angela Masri Institute of Energy and Natural Resources Energy Finance in the Middle East: Uncertainties and Opportunities Maamari Auditorium, OSB AUB,

More information

Financing Renewables and Energy Efficiency Projects in Developing Countries

Financing Renewables and Energy Efficiency Projects in Developing Countries Mobilising Private Capital to reduce Climate Change Instruments and Policies to mobilise International Green Energy Investment Berlin June 29-30, 2010 Financing Renewables and Energy Efficiency Projects

More information

Renewable Energy Strategy for 2020 and Regulatory Framework. Eng. Hatem Amer Egyptian Electric Regulatory and Consumer Protection Agency

Renewable Energy Strategy for 2020 and Regulatory Framework. Eng. Hatem Amer Egyptian Electric Regulatory and Consumer Protection Agency Renewable Energy Strategy for 2020 and Regulatory Framework Eng. Hatem Amer Egyptian Electric Regulatory and Consumer Protection Agency Objectives of the Agency Regulate, supervise, and control all matters

More information

Delivering renewable energy investments in MENA Region

Delivering renewable energy investments in MENA Region Delivering renewable energy investments in MENA Region Roberto Vigotti RES4MED Secretary General The MENA Energy Transition: How to get investments right? 6 May 2015 Brussels RES4MED Association Renewable

More information

The CTF MENA CSP Scale-up Investment Plan

The CTF MENA CSP Scale-up Investment Plan The CTF MENA CSP Scale-up Investment Plan ESMAP/IFC Renewable Energy Training Program: Module 7 Concentrated Solar Power (CSP), Washington DC, November 8, 2012 1 MENA s Comparative Advantage: Significant

More information

Renewable Electricity and Liberalised Markets REALM. JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN. By ICCS / NTUA K. Delkis

Renewable Electricity and Liberalised Markets REALM. JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN. By ICCS / NTUA K. Delkis Renewable Electricity and Liberalised Markets REALM JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN By ICCS / NTUA K. Delkis October 1999 INTRODUCTION AND BACKGROUND Background to Renewable Energy

More information

Summary of the Impact assessment for a 2030 climate and energy policy framework

Summary of the Impact assessment for a 2030 climate and energy policy framework Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment

More information

Development in Egypt. Egyptian Electricity Holding Company - EEHC

Development in Egypt. Egyptian Electricity Holding Company - EEHC Wind Power Development in Egypt Introduction In Egypt, the high reliance on increasingly scarce of the availability of conventional energy resources (crude oil & natural gas) is becoming a cause for concern,

More information

Session 8A Energy Efficiency Finance 10:30-12:00 pm. Sara Bryan Pasquier David Morgado

Session 8A Energy Efficiency Finance 10:30-12:00 pm. Sara Bryan Pasquier David Morgado Session 8A Energy Efficiency Finance 10:30-12:00 pm Sara Bryan Pasquier David Morgado Topics/content The big picture Introduction to economic instruments Discussion break Economic instrument case studies

More information

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY i P a g e www.energym adeclean.com CONTENTS

More information

INTERNATIONAL RENEWABLE ENERGY AGENCY (IRENA) Contribution to the 2015 United Nations Economic and Social Council (ECOSOC) Integration Segment

INTERNATIONAL RENEWABLE ENERGY AGENCY (IRENA) Contribution to the 2015 United Nations Economic and Social Council (ECOSOC) Integration Segment INTERNATIONAL RENEWABLE ENERGY AGENCY (IRENA) Contribution to the 2015 United Nations Economic and Social Council (ECOSOC) Integration Segment INTRODUCTION The socio-economic benefits renewable energy

More information

June 2015. Position Paper Contribution to the debate on electricity market design and capacity markets

June 2015. Position Paper Contribution to the debate on electricity market design and capacity markets June 2015 Position Paper Contribution to the debate on electricity market design and capacity markets Eurogas is the association representing the European gas wholesale, retail and distribution sectors.

More information

The Status of the Wind Power Market in Egypt. Dr. Walid El-Khattam Ain Shams University (Cairo, Egypt) The Egyptian Electricity Regulator (EgyptERA)

The Status of the Wind Power Market in Egypt. Dr. Walid El-Khattam Ain Shams University (Cairo, Egypt) The Egyptian Electricity Regulator (EgyptERA) The Status of the Wind Power Market in Egypt Dr. Walid El-Khattam Ain Shams University (Cairo, Egypt) The Egyptian Electricity Regulator (EgyptERA) Berlin, June 11 th, 2013 1 Contents Key Challenges for

More information

Norwegian position on the proposed EU framework for climate and energy policies towards 2030

Norwegian position on the proposed EU framework for climate and energy policies towards 2030 Norwegian position on the proposed EU framework for climate and energy policies towards 2030 The EU plays an important role as a global leader in climate policy and has a fundamental interest in strengthening

More information

RECOMMENDATIONS ON FRAMEWORKS TO SUPPORT DEVELOPMENT OF NATIONAL TAX POLICY REFORM AGENDAS. - Working Group 3 -

RECOMMENDATIONS ON FRAMEWORKS TO SUPPORT DEVELOPMENT OF NATIONAL TAX POLICY REFORM AGENDAS. - Working Group 3 - RECOMMENDATIONS ON FRAMEWORKS TO SUPPORT DEVELOPMENT OF NATIONAL TAX POLICY REFORM AGENDAS - Working Group 3 - This document presents preliminary recommendations to support development of national reform

More information

THE UK CLIMATE CHANGE PROGRAMME AND EXAMPLES OF BEST PRACTICE. Gabrielle Edwards United Kingdom

THE UK CLIMATE CHANGE PROGRAMME AND EXAMPLES OF BEST PRACTICE. Gabrielle Edwards United Kingdom Workshop on Best Practices in Policies and Measures, 11 13 April 2000, Copenhagen THE UK CLIMATE CHANGE PROGRAMME AND EXAMPLES OF BEST PRACTICE Gabrielle Edwards United Kingdom Abstract: The UK published

More information

Bespoke Gas CHP Policy

Bespoke Gas CHP Policy Bespoke Gas CHP Policy Summary of Analysis Results & Conclusions December 2014 Crown copyright 2014 URN 14D/469 You may re-use this information (not including logos) free of charge in any format or medium,

More information

Renewable Energy in Egypt. October 2013

Renewable Energy in Egypt. October 2013 Renewable Energy in Egypt October 2013 Contents National Bank of Egypt NBE Vision & Strategy Finance Incentives Wind Farm Energy Solar Energy Potential role of NBE 2 NBE stands on very solid pillars Oldest

More information

FEED-IN OF EXCESS ENERGY AND SELF CONSUMPTION: NEW REGULATIONS IN GHANA S ENERGY SECTOR JULIUS NKANSAH-NYARKO ENERGY COMMISSION

FEED-IN OF EXCESS ENERGY AND SELF CONSUMPTION: NEW REGULATIONS IN GHANA S ENERGY SECTOR JULIUS NKANSAH-NYARKO ENERGY COMMISSION FEED-IN OF EXCESS ENERGY AND SELF CONSUMPTION: NEW REGULATIONS IN GHANA S ENERGY SECTOR JULIUS NKANSAH-NYARKO ENERGY COMMISSION NOVEMBER 20, 2014 PRESENTATION OUTLINE Overview of Ghana s Energy Situation

More information

Security of electricity supply

Security of electricity supply Security of electricity supply Definitions, roles & responsibilities and experiences within the EU Thomas Barth Chairman of Energy Policy & Generation Committee EURELECTRIC Outline Security of Supply a

More information

PROJECT FINANCE & PPPs

PROJECT FINANCE & PPPs PROJECT FINANCE & PPPs EIB Presentation, BOAD, 40 th Anniversary 1 14 November 2013 Definition of PPPs 1) An agreement between a government and one or more private partners whereby the private partner(s)

More information

Executive Training Program for Young Energy Leaders. Energy Efficiency Governance Why investing in energy efficiency is important?

Executive Training Program for Young Energy Leaders. Energy Efficiency Governance Why investing in energy efficiency is important? Executive Training Program for Young Energy Leaders Energy Efficiency Governance Why investing in energy efficiency is important? Astana, 11 June 2014 Presented by Bilyana Chobanova Energy Efficiency Expert

More information

www.rcreee.org October, 2011 Regional Center For Renewable Energy and Energy Efficiency RCREEE

www.rcreee.org October, 2011 Regional Center For Renewable Energy and Energy Efficiency RCREEE www.rcreee.org October, 2011 Regional Center For Renewable Energy and Energy Efficiency RCREEE 2011 About RCREEE.. RCREEE stands for «Regional Centre for Renewable Energies and Energy Efficiency» RCREEE

More information

Time for take-off The MEED Insight Renewable Energy Webinar 29 April 2013

Time for take-off The MEED Insight Renewable Energy Webinar 29 April 2013 Time for take-off The MEED Insight Renewable Energy Webinar 29 April 2013 The agenda The global trends Latest ME renewable forecast Country reviews Morocco Algeria Egypt Saudi Arabia and the GCC The global

More information

Energy Training Week 2013 Course 3: Energy Efficiency Policy and Measures Financing energy efficiency Melissa Lott and Grayson Heffner 10 April 2013

Energy Training Week 2013 Course 3: Energy Efficiency Policy and Measures Financing energy efficiency Melissa Lott and Grayson Heffner 10 April 2013 Energy Training Week 2013 Course 3: Energy Efficiency Policy and Measures Financing energy efficiency Melissa Lott and Grayson Heffner 10 April 2013 Finance session objectives Appreciate the scale of energy

More information

sustainable gains in energy policy. While the report addresses energy policies comprehensively, the following sections highlight these three topics.

sustainable gains in energy policy. While the report addresses energy policies comprehensively, the following sections highlight these three topics. EXECUTIVE SUMMARY 01 A small, somewhat isolated country, Finland takes a balanced view of its energy policy, taking advantage of its situation wherever possible. Where it can leverage its location and

More information

HORIZON 2020. Energy Efficiency and market uptake of energy innovations. Linn Johnsen DG ENER C3 Policy Officer

HORIZON 2020. Energy Efficiency and market uptake of energy innovations. Linn Johnsen DG ENER C3 Policy Officer THE EU FRAMEWORK PROGRAMME FOR RESEARCH AND INNOVATION HORIZON 2020 Energy Efficiency and market uptake of energy innovations Linn Johnsen DG ENER C3 Policy Officer EU 2020 Targets Energy Efficiency Energy

More information

Emerging innovation systems for renewable energy in MENA

Emerging innovation systems for renewable energy in MENA Emerging innovation systems for renewable energy in MENA A comparative perspective on Egypt and Morocco Georgeta Vidican UN-WIDER Conference on Climate Change and Development Policy - Hensinki 28-29 September

More information

Full Scale Program for Renewable Energy in Egypt

Full Scale Program for Renewable Energy in Egypt Full Scale Program for Renewable Energy in Egypt Contents Evolution of Egypt Needs of Electricity and its supply mix Renewable Energy Policy and Targets Renewable Energy Program Components Conclusions

More information

Green Growth Opportunities and Requirements in Egypt. Karen Ellis, with inputs from Smita Nakhooda. published by:

Green Growth Opportunities and Requirements in Egypt. Karen Ellis, with inputs from Smita Nakhooda. published by: Green Growth Opportunities and Requirements in Egypt Karen Ellis, with inputs from Smita Nakhooda published by: Contents Executive summary S. 4 Suggested priorities for MTI S. 8 1 Introduction and framework

More information

Jonathan Walters Sector Manager, Energy and Transport Middle East and North Africa World Bank

Jonathan Walters Sector Manager, Energy and Transport Middle East and North Africa World Bank Jonathan Walters Sector Manager, Energy and Transport Middle East and North Africa World Bank Why CSP Scale-up in MENA has global impacts? MENA and South Western USA/Mexico offer best solar resources;

More information

Carbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal

Carbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal Carbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal By: Marco van der Linden, Carbon Finance Advisor: MarcovanderLinden@snvworld.org

More information

Energy White Paper at a glance

Energy White Paper at a glance and Science Energy White Paper at a glance WWW. i Energy White Paper at a glance The Australian Government made an election commitment to deliver an Energy White Paper to give industry and consumers certainty

More information

Renewable energy sources penetration in most of BSEC countries

Renewable energy sources penetration in most of BSEC countries Renewable energy sources penetration in most of BSEC countries Prof. Dimitrios MAVRAKIS Director Energy Policy and Development Centre (KEPA) National and Kapodistrian University of Athens Energy Policy

More information

Main variations of business models for Flexible Industrial Demand combined with Variable Renewable Energy

Main variations of business models for Flexible Industrial Demand combined with Variable Renewable Energy Innovative Business Models for Market Uptake of Renewable Electricity unlocking the potential for flexibility in the Industrial Electricity Use Main variations of business models for Flexible Industrial

More information

Eng. Samir Hassan, Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA)

Eng. Samir Hassan, Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA) Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA) Eng. Samir Hassan, Executive Chairman, (NREA) Tel. & Fax : + 202 2713176 2717173 E-mail : nre@idsc.net.eg

More information

RENEWABLE ENERGY DEVELOPMENT IN LITHUANIA ACHIEVEMENTS AND DRAWBACKS

RENEWABLE ENERGY DEVELOPMENT IN LITHUANIA ACHIEVEMENTS AND DRAWBACKS RENEWABLE ENERGY DEVELOPMENT IN LITHUANIA ACHIEVEMENTS AND DRAWBACKS Ieva Kuodė Ministry of Energy of the Republic of Lithuania SOLINVEST 2015-06-02 RES TARGETS BY 2020 23% the share of energy from renewable

More information

UK renewable energy an update

UK renewable energy an update UK renewable energy an update 30 October 2014 Robert Hull, Managing Director Renewable energy key challenges 1 2 3 Costs to Climate change: Risks to security consumers: decarbonising of supply: short affordability

More information

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets

More information

THE GREEN ELECTRCITY MARKET IN DENMARK: QUOTAS, CERTIFICATES AND INTERNATIONAL TRADE. Ole Odgaard Denmark

THE GREEN ELECTRCITY MARKET IN DENMARK: QUOTAS, CERTIFICATES AND INTERNATIONAL TRADE. Ole Odgaard Denmark Workshop on Best Practices in Policies and Measures, 11 13 April 2000, Copenhagen THE GREEN ELECTRCITY MARKET IN DENMARK: QUOTAS, CERTIFICATES AND INTERNATIONAL TRADE Ole Odgaard Denmark Abstract: The

More information

Production of Electricity with RES & CHP for Homeowners

Production of Electricity with RES & CHP for Homeowners A Quality and Technology Network PERCH Production of Electricity with RES & CHP for Homeowners Contract No: EIE/06/107/SI2.446527 Duration:1/11/2006 31/10/2008 Partnership for Energy and Environmental

More information

Success story: Feed-In Tariffs Support renewable energy in Germany

Success story: Feed-In Tariffs Support renewable energy in Germany Success story: Feed-In Tariffs Support renewable energy in Germany This document will show how this success story has been brought about and is made up of the following sections: 1. What is a Feed-In Tariff?

More information

EU energy and climate policies beyond 2020

EU energy and climate policies beyond 2020 EU energy and climate policies beyond 2020 Policy recommendations EU s energy and climate change policies are in need of reform. They need to be consistent, simplified and set to drive European competitiveness.

More information

Solar in Egypt: New feed-in-tariff scheme to develop PV

Solar in Egypt: New feed-in-tariff scheme to develop PV Solar in Egypt: New feed-in-tariff scheme to develop PV Researched & produced by: SolarReserve www.pv-insider.com/menasol/egypt In association with: MENASOL 2015 7th Middle East & North Africa Conference

More information

Dii creating a market for renewable energy from the deserts in Europe, North Africa and the Middle East

Dii creating a market for renewable energy from the deserts in Europe, North Africa and the Middle East Dii creating a market for renewable energy from the deserts in Europe, North Africa and the Middle East Munich, 27.01.2014 Paul van Son, CEO, Dii GmbH Solar and wind resources in EUMENA more than sufficient

More information

Differentiated IP Regimes for Environmental & Climate Technologies. Keith Maskus ICCG ICARUS International Workshop Venice, May 20, 2011

Differentiated IP Regimes for Environmental & Climate Technologies. Keith Maskus ICCG ICARUS International Workshop Venice, May 20, 2011 Differentiated IP Regimes for Environmental & Climate Technologies Keith Maskus ICCG ICARUS International Workshop Venice, May 20, 2011 Background Critical needs for new mitigation and adaptation technologies.

More information

Energy efficiency is a priority for the Russian Federation in its energy policy

Energy efficiency is a priority for the Russian Federation in its energy policy Energy efficiency is a priority for the Russian Federation in its energy policy Mikhail Soloviev Geneva, 7-9 October 2009 Purpose and Principles of Government Energy Policy Purpose: most efficient use

More information

Current and expected contribution of RES-E in NA countries

Current and expected contribution of RES-E in NA countries Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA) Current and expected contribution of RES-E in NA countries Ehab Ismail Ameen General Manager of Planning

More information

Critical Policy Options to Protect Industry Competitiveness

Critical Policy Options to Protect Industry Competitiveness Critical Policy Options to Protect Industry Competitiveness Graham Weale Chief Economist, RWE AG IEA Energy Business Council Meeting, Paris 4 th June 2013 RWE Group a leading European energy utility >

More information

Renewable Energy Financing point view

Renewable Energy Financing point view Renewable Energy Financing point view 16 May 2013 Prepared by: Samar Obaid Partner TAS Presentation Agenda 1. Energy Leaders 2. MENA Cleantech Trends 3. How to Establish an RE Project 4. Investment Risks

More information

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments September 2014 Corporate Scope 2 accounting has traditionally been relatively straight

More information

Western Australian Feed-In Tariff Discussion Paper

Western Australian Feed-In Tariff Discussion Paper Western Australian Feed-In Tariff Discussion Paper OVERVIEW In September 2008, the incoming State Government announced its intention to introduce a feed-in tariff as part of the Liberal Plan for Environmental

More information

Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA)

Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA) Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA) Oct. 2012 Institutional framework: Establishing NREA (1986) The national focal point to develop and introduce

More information

A Green Sector Overview

A Green Sector Overview A Green Sector Overview Micro Hydro Electric Power Ontario's Waterpower Resources: Past and Present The first hydroelectric generator in Canada was installed near Ottawa, which was the first city in North

More information

ABENGOA SOLAR Solar Power for a Sustainable World

ABENGOA SOLAR Solar Power for a Sustainable World European Workshop on "Success factors for International Cooperation on Research, Technological Development and Demonstration in the Area of Renewable Energy" Tenth World Renewable Energy Congress and Exhibition

More information

Smart grid promotion policy and activity in Sweden Sweden day, October 23, Smart City Week 2013

Smart grid promotion policy and activity in Sweden Sweden day, October 23, Smart City Week 2013 Smart grid promotion policy and activity in Sweden Sweden day, October 23, Smart City Week 2013 Karin Widegren, Director Swedish Coordination Council for Smart Grid Outline of presentation Who we are -

More information

The ENERGIEWENDE The Transformation of the German Energy System

The ENERGIEWENDE The Transformation of the German Energy System The ENERGIEWENDE The Transformation of the German Energy System 15th Czech Energy Congress 14.-15. April 2015 Peter Fischer Deputy Director-General for Globalisation, Energy and Climate Policy Federal

More information

Ministry of Power & Energy

Ministry of Power & Energy Ministry of Power & Energy Institutional Frame work Power sector overview Renewable energy policy Major issues and barriers Institutional Framework Sustainable Energy Authority The Sri Lanka Sustainable

More information

Domestic Customer Tariff Breakdown - RoI Note this is approximate due to tariff and consumption variations

Domestic Customer Tariff Breakdown - RoI Note this is approximate due to tariff and consumption variations Guide to Electricity price formation in Ireland and Northern Ireland The numbers The average household consumes 4,300 kwh 1 of electricity per annum in Ireland and 4,100 in Northern Ireland. At an average

More information

Framework of the energy taxation: the situation in OECD countries!

Framework of the energy taxation: the situation in OECD countries! Framework of the energy taxation: the situation in OECD countries! Presentation at the seminar JORNADA SOBRE LA FISCALIDAD AMBIENTAL EN LA ENERGÍA Y SU APLICACIÓN EN ESPAÑA Hosted by the Institute for

More information

B20 Energy Forum Statement

B20 Energy Forum Statement B20 Energy Forum Statement October 12, 2015 The B20 Energy Forum Statement was prepared by the B20 Energy Forum participants and participants to the G20-B20 interaction event during the G20 Energy Ministers

More information

CURRENT INITIATIVES AND WHAT IT WILL TAKE TO ACHIEVE THE SOLAR ENERGY GOALS OF THE NATION

CURRENT INITIATIVES AND WHAT IT WILL TAKE TO ACHIEVE THE SOLAR ENERGY GOALS OF THE NATION CURRENT INITIATIVES AND WHAT IT WILL TAKE TO ACHIEVE THE SOLAR ENERGY GOALS OF THE NATION Solar Qatar Summit 19 November 2013 2 Qatar s annual electric power consumption is more than 3x the global rate

More information

The UK Offshore Wind Experience

The UK Offshore Wind Experience The UK Offshore Wind Experience Tom Simchak Policy Advisor, Energy British Embassy, Washington EESI Briefing, 28 September 2015 UNCLASSIFIED The United Kingdom is The global market leader in offshore wind:

More information

GSR11 BEST PRACTICE GUIDELINES ON

GSR11 BEST PRACTICE GUIDELINES ON GSR11 BEST PRACTICE GUIDELINES ON REGULATORY APPROACHES TO ADVANCE THE DEPLOYMENT OF BROADBAND, ENCOURAGE INNOVATION AND ENABLE DIGITAL INCLUSION FOR ALL* The rapid growth of the digital economy presents

More information

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency RENEWABLE ENERGY INDUSTRIAL ENERGY EFFICIENCY BUILDING ENERGY EFFICIENCY Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency A RANGE OF FINANCIAL SUPPORT

More information

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS 1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS EXECUTIVE SUMMARY Energy policy in Greece has the potential to make a significant contribution to the country s economic recovery. Increasing competition and

More information

RENEWABLE ENERGY IN EGYPT

RENEWABLE ENERGY IN EGYPT Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA) RENEWABLE ENERGY IN EGYPT Strategies, Achievements and Plans Eng. Mohamed Gamal Chief Engineer of Solar Thermal

More information

Financing Energy Efficiency and Renewable Energy: Thailand s ENCON Fund

Financing Energy Efficiency and Renewable Energy: Thailand s ENCON Fund International Energy Efficiency Forum, ASTANA, KAZAKHSTAN, 27-30 September 2010 Financing Energy Efficiency and Renewable Energy: Thailand s ENCON Fund Prasert Sinsukprasert Director of Planning Division

More information

8 October 2015 The evolution of renewable energy integration and the smart grid in Europe: The current situation, challenges and opportunities

8 October 2015 The evolution of renewable energy integration and the smart grid in Europe: The current situation, challenges and opportunities 8 October 2015 The evolution of renewable energy integration and the smart grid in Europe: The current situation, challenges and opportunities Stefano Besseghini CEO & President Luciano Martini T&D Dept.

More information

MENA Wind Power Outlook

MENA Wind Power Outlook Analyst PRESENTATION MENA Wind Power Outlook Joffrey Dupuy jd@consultmake.com Introduction A few words about MAKE Summary MAKE is one of the global wind industry's premier strategic consulting and research

More information

Tax Incentives: Efficient? Effective?

Tax Incentives: Efficient? Effective? Tax Incentives: Efficient? Effective? Victoria Perry Fiscal Affairs Department, IMF April 2015 ECOSOC Background Request to IOs from G20 Development Working Group for a paper on Options for low income

More information

Renewable Energy in Egypt Grid-Connected Projects

Renewable Energy in Egypt Grid-Connected Projects Ministry of Electricity & Energy New & Renewable Energy Authority Renewable Energy in Egypt Grid-Connected Projects Khaled M. Fekry General Manager International Grid-Connected Renewable Energy Policy

More information

Annex 1 Tool for the demonstration and assessment of additionality

Annex 1 Tool for the demonstration and assessment of additionality page 1 Tool for the demonstration and assessment of additionality 1. This document provides for a step-wise approach to demonstrate and assess additionality. These steps include: Identification of alternatives

More information

Emerging market for Green Certificates

Emerging market for Green Certificates Emerging market for Green Certificates Dr Marianne OSTERKORN, Director of REEEP Dr Xavier LEMAIRE, SERN/REEEP CONTENT 1. What is a certificate system? 2. How certificates system works 3. What are the benefits

More information

Tanzania gas project. From discovery to gas sales

Tanzania gas project. From discovery to gas sales Tanzania gas project From discovery to gas sales An emerging gas sector Major gas discoveries have been made offshore Tanzania and the country emerges as a potential large gas producer in East Africa.

More information

Renewable Energy for Kent

Renewable Energy for Kent Design + Planning Building Engineering Renewable Energy for Kent Part I: Overview and Action Plan April 2012 Updated Version 1 Committing a Path The development of low carbon and renewable energy sources

More information

Prospects and Incentives for Use of Alternative Energy Technologies in the Arab Electric Power Generation Sector

Prospects and Incentives for Use of Alternative Energy Technologies in the Arab Electric Power Generation Sector Prospects and Incentives for Use of Alternative Energy Technologies in the Arab Electric Power Generation Sector Samir AlKotob Arab Fund for Economic and Social Development Objectives To overview the Arab

More information

REA Response to HM Treasury Reforming the Business Energy Efficiency Tax Landscape

REA Response to HM Treasury Reforming the Business Energy Efficiency Tax Landscape REA Response to HM Treasury Reforming the Business Energy Efficiency Tax Landscape The Renewable Energy Association (REA) is pleased to submit this response to the above inquiry. The REA represents a wide

More information

UNECE Energy Week Geneva. in Energy Security

UNECE Energy Week Geneva. in Energy Security UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector

More information

Trade in Environmental Goods & Services Solar Energy in Kenya

Trade in Environmental Goods & Services Solar Energy in Kenya Trade in Environmental Goods & Services Solar Energy in Kenya Dr. Moses Ikiara Kenya Institute for Public Policy Research and Analysis WTO Workshop, Geneva, Switzerland September 23 25, 2009 Outline Introduction

More information

SPECIAL UPDATE. A New Power Market in Mexico. A Competitive Power Market. Wholesale Market Participants

SPECIAL UPDATE. A New Power Market in Mexico. A Competitive Power Market. Wholesale Market Participants SPECIAL UPDATE A New Power Market in Mexico by Raquel Bierzwinsky, in New York and Mexico City, and David Jiménez and Javier Félix, in Mexico City Mexico has enacted secondary legislation that creates

More information

STATEMENT. H.E Mr. Hassan Younes Minister of Electricity and Energy. Egypt. Session of the Commission. on Sustainable Development

STATEMENT. H.E Mr. Hassan Younes Minister of Electricity and Energy. Egypt. Session of the Commission. on Sustainable Development EGYPT The Permanent Mission of Egypt to the United Nations New York 11,J1,y-.e,, ' t' e.h 1 l r.5/ 1 (S.J1 STATEMENT By H.E Mr. Hassan Younes Minister of Electricity and Energy Egypt The 14`h Session of

More information

November 2013. www.apvi.org.au. Background

November 2013. www.apvi.org.au. Background APVI Response to the Australian Energy regulator s Issues Paper on Regulation of alternative energy sellers under the National Energy retail Law, Oct 2013 November 2013 Background The Australian Energy

More information

Opportunities for the Georgian Hydropower industry to benefit from Directive 2009/28EC of the European Parliament

Opportunities for the Georgian Hydropower industry to benefit from Directive 2009/28EC of the European Parliament Promotion hidroenergetikasi Project investiciebis (HIPP) Opportunities for the Georgian Hydropower industry to benefit from Directive 2009/28EC of the European Parliament What Europe wants to do Comply

More information

Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1

Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1 October 29, 2013 Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1 The following guidance is intended to be adapted by individual MDBs and incorporated

More information

Private Sector Development OECD-MENA Women s Business Forum: A Platform for Empowering Women in Business

Private Sector Development OECD-MENA Women s Business Forum: A Platform for Empowering Women in Business Private Sector Development OECD-MENA Women s Business Forum: A Platform for Empowering Women in Business Briefing at OECD Washington Center 28 April 2010, Paris, France Women in MENA are now better educated

More information

Title: Renewable Energy Policies in South Africa World Future Council Workshop in Accra, Ghana Theme: POWER KICK FOR AFRICA Renewable Energy Policies

Title: Renewable Energy Policies in South Africa World Future Council Workshop in Accra, Ghana Theme: POWER KICK FOR AFRICA Renewable Energy Policies Title: Renewable Energy Policies in South Africa World Future Council Workshop in Accra, Ghana Theme: POWER KICK FOR AFRICA Renewable Energy Policies for Sustainable African Development Date: 22 June 2010

More information

DANISH DISTRICT ENERGY PLANNING EXPERIENCE

DANISH DISTRICT ENERGY PLANNING EXPERIENCE MOWAT ENERGY, A RESEARCH HUB AT THE MOWAT CENTRE, AT THE REQUEST OF THE ONTARIO MINISTRY OF ENERGY FUTURE INNOVATION IN ENERGY PLANNING: A SPECIAL SESSION TO ADVISE ON ONTARIO S LONG-TERM ENERGY FUTURE

More information

Brief Summary from GHG Protocol Workshop on Accounting for Green Power Purchases January 24, 2010 London, U.K.

Brief Summary from GHG Protocol Workshop on Accounting for Green Power Purchases January 24, 2010 London, U.K. Brief Summary from GHG Protocol Workshop on Accounting for Green Power Purchases January 24, 2010 London, U.K. Overall Themes We need to begin with a vision of the electricity accounting system we want

More information

Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today.

Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Europe is at the forefront of a global transition to a cleaner energy economy. At the same time globally energy

More information

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011 Introduction As more companies and government organizations prepare greenhouse gas (GHG) inventories that reflect the emissions directly and indirectly associated with their operations, they increasingly

More information

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy

More information

Executive Summary. Innovation in hydrogen fuel cells

Executive Summary. Innovation in hydrogen fuel cells EXECUTIVE SUMMARY 7 Executive Summary Innovation in energy technology has widespread implications for OECD economies. Although the energy sector accounts for a small share of GDP, the pervasive use of

More information

1 st MENA CEO Insurance Summit Amman, Jordan 19 June 2007. Dr. Nasser Saidi Executive Director Hawkamah

1 st MENA CEO Insurance Summit Amman, Jordan 19 June 2007. Dr. Nasser Saidi Executive Director Hawkamah an autonomous international association promoting corporate governance in the Middle East North Africa, Central Asia and beyond Corporate Governance Walking the Talk Beyond Mere Regulatory Compliance 1

More information

Renewable Energy Development and Environment in Thailand: Rangsan Sarochawikasit

Renewable Energy Development and Environment in Thailand: Rangsan Sarochawikasit Renewable Energy Development and Environment in Thailand: Rangsan Sarochawikasit 1. Thailand national energy policy Dr Thaksin Shinawatra s government has formulated an energy policy to emphasize and promote

More information

Mediterranean Guarantees

Mediterranean Guarantees A newsletter on risk mitigation instruments for infrastructure investment in the Mediterranean Issue 2, October 2013 The Investment Security in the Mediterranean (ISMED) Support Programme seeks to increase

More information

BCDS Towards a Business Climate Development Strategy

BCDS Towards a Business Climate Development Strategy BCDS Towards a Business Climate Development Strategy Joint initiative of the OECD, World Bank, EU Commission and MENA Steering Group 3 rd meeting of MENA-OECD Working Group on SME Policy, Entrepreneurship

More information