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ID: 181459

Barriers to energy transition: a case of Botswana / Maswabi, Mareledi Gina

Maswabi, Mareledi Gina	Journal Article
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Summary/Abstract

Low carbon development involves profound changes in existing countries’ governing structures. Recent studies have shown that significant benefits to low carbon development in developing countries can be achieved from energy sector transitions. This paper argues that energy transition in Botswana which involves reduction of dependence on coal-generated electricity and increase in the uptake of solar energy can only be achieved through regime-based reconfigurations driven by deliberate government action and political will. It draws on energy transition literature to examine whether existing policy instruments can drive the desired transition. Through in-depth qualitative analysis, it identifies barriers that impede transition attempts to date. As an effort to overcome regime level barriers in particular, the paper proposes several low-cost changes in the existing electricity regime to facilitate a wider energy sector transformation.

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Botswana ; Solar energy ; Electricity ; Carbon Emissions ; Energy Transition ; Nationally Determined Contributions

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ID: 162630

Renewable energy: the trillion dollar opportunity for Chinese overseas investment / Cabré , Miquel Muñoz

Cabré , Miquel Muñoz	Journal Article
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This paper compares the global flows of Chinese overseas investment in power plants with renewable energy investment potential embodied in “Nationally Determined Contributions.” With over US$1tn (671 GW) in Nationally Determined Contributions renewable energy investment potential in developing countries, we estimate the total level of power plant investments from China's policy banks and commercial entities since the early 2000s at US$216bn (158 GW). Although past investment has mainly been directed at fossil fuels and hydroelectric power, we argue that China is uniquely poised to lead renewable energy global investments for three reasons: (i) China's solar and wind industries are globally competitive; (ii) Chinese policy banks can give domestic firms advantages in financing global expansion; and (iii) renewable energy investment opportunities still exist in developing countries with less sovereign risk than for traditional energy investments. The Chinese government should provide special incentives for the policy banks to capitalize on these investment opportunities by deploying Chinese solar and wind technologies to Belt and Road countries and beyond.

Key Words

Foreign Direct Investment ; Renewable Energy ; Development Finance ; limate Finance ; Nationally Determined Contributions

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