An international conference will be held on January 14 in Kuala Lumpur, Malaysia to highlight new and practical methods for financing green energy projects and explore solutions for maintaining energy security for sustainable development.
The financing and promoting investments in the green-energy market to raise energy efficiency in housing, manufacturing, and transport and mapping the role of new financing sources such as hometown investment trust funds in financing and investing in green-energy projects will be discussed thoroughly in the conference.
According to a news posted on ADBI website, the conference is important to improve energy security, especially for the developing economies which are more vulnerable to energy price fluctuations, it is also important to diversify the energy basket by minimizing dependence on fossil fuels and increasing alternative green resources, i.e. renewable energy resources. However, renewable energy projects (i.e. solar power plants, wind power generators) and projects for raising energy efficiency require high investment costs.
Banks are reluctant to lend to renewable energy projects because from their point of view, these projects are risky.
The conference will highlight financial barriers to development of renewable and green-energy projects, mechanism to measure and manage credit risks of green-energy projects, role of public–private partnerships in raising private sector investment in modern green-energy projects such as solar and wind, policy instruments needed to secure private capital for modern green-energy projects, policy instruments needed to secure insurance and pension funds for large-scale green-energy projects such as hydropower, large solar power, and wind farms, the governments’ role in fiscal policy (reform and carbon tax) in securing private investment in green-energy projects
There will be 80 participants and the partners of the event are ADB (Sustainable Development and Climate Change Department) in collaboration with Sunway University, Jeffery Sachs Center, energy think tanks, research institutes and universities.
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