Presentation on theme: "El PNUMA y la Promoción de Energías Renovables Programme des Nations Unies pour l’Environnement United Nations Environment Programme Programa das Naçoes."— Presentation transcript:
El PNUMA y la Promoción de Energías Renovables Programme des Nations Unies pour l’Environnement United Nations Environment Programme Programa das Naçoes Unidas o Meio Ambiente Oficina Regional para América Latina y el Caribe Regional Office for Latin America and the Caribbean Programa de las Naciones Unidas para el Medio Ambiente XXVI Reunión del COFER México DF 16 de Agosto de 2001 Dr. Diego Masera Coordinador del Programa de Industria para América Latina y el Caribe
Estructura de la Presentación 1.UNEP’s Approach 2.Investment Advisory Facility (IAF) 3.Brazil Rural Energy Enterprise Development Initiative (BREED) 4.Sustainable Energy Advisory Facility (SEAF) 5.México
UNEP’s Approach In the energy sector huge capital investments will be required in the coming decades to offer even modest modern energy services to the worlds’ poor. UNEP’s energy sector response...UNEP’s energy sector response... places new emphasis on the finance sector, helping it respond to opportunities for financing a cleaner energy future.
UNEP Finance Initiatives UNEP targets financial decision makers to help them become more aware of investment opportunities in the sustainable energy sector. Statement by Banks and Insurers on the Environment and Sustainable DevelopmentStatement by Banks and Insurers on the Environment and Sustainable Development ‘Code of conduct’ promoting the integration of environmental considerations into all aspects of operations and services.‘Code of conduct’ promoting the integration of environmental considerations into all aspects of operations and services. –UNEP Financial Institutions Initiative 170 banks170 banks –UNEP Insurance Industry Initiative 85 insurers85 insurers
Barriers to RE finance –higher real and/or perceived risk –absence of sound operational data –limited access to reliable technical information –lack of in-house skills to evaluate/negotiate projects –RE operating modalities may require new financing norms –increased transaction costs with initial investments
UNEP RET/EE Investment Advisory Facility (IAF) provides support to financial institutions evaluating investments in specific Renewable Energy Technology /Energy Efficiency projects A Global Environment Facility supported initiative independent valuations environmental risk analysis market sizing for a manufacturing operation legal reviews financial risk analysis Example Services Eligible for Support
Typical Loan Evaluation Process Project Appraisal Feasibility Study Investment Committee Pre-feasibility Study Bank Pre- Screening Bank Period of IAF Intervention
IAF Projects, Interventions to Date Bank / FinancierInvestment DescriptionExpertise Provided Inter-American Investment Corporation 20MW Small hydro peaking plant in Guatemala. Third party review of engineering design. Dutch and GermanDev. banks (FMO, DEG) Sustainable forestry plantation adjacent to a salt mine in Tanzania. Wood required for salt drying. Evaluation of plantation investment, as part of mine refinancing. RES Ltd. and Petroleum Corporation of Jamaica 20MW Wind farm in JamaicaCarbon valuation and sale. European commercial bank Biomass coffee wastecogen plant in Costa Rica Project feasibility for carbon investment fund development. European commercial bank District heatingcogen plant in Slovak Republic Project feasibility for carbon investment fund development. International Finance Corporation and Pacific Hydro 5 MW Geothermal power plant in VanuatuFeasibility study completion + third party review for government negotiations. International Finance Corporation and two commercial investors 50MW Merchant power wind farm in Argentina Third party review of wind resource data and wind plant design. PhilBIO 5 3 MWbiogas plant in PhilippinesCarbon valuation and sale. NewEn GmbH and GermanDev. Bank (DEG) 20 MW Wind farm in GhanaSupport for completion of power purchase agreement Inter-American Development Bank (MIF) andFondElec Latin American energy services fund (renewable energy and energy efficiency ESCOs) Market sizing for fund pipeline development.
IAF Interventions in ROLAC Jamaica: 20 MW windfarm Guatemala: 20MW Small hydro plant Costa Rica: Biomass coffee waste cogen plant Argentina: 50 MW windfarm Latin American energy services fund (Fondelec group).
Latin American energy services fund FondElect with the Multilateral Investment Fund of the Interamerican Development Bank is exploring the feasibility of establishing a fund for RE, micro- generation and EE principally in Mexico and Brazil. The fund offers investors a vehicle to participate in the RE sector. The investment focuses on small and medium sized undercapitalized energy service companies.
IAF Projects Carbon Investment Fund Client: European commercial banking group Projects: Assisted bank to develop pipeline of investments for proposed carbon fund 1. Costa Rica: coffee processing waste recovery 2. Slovak Republic: Fuel switch - district heating plant Support: i) technology evaluations, ii) economic and social reviews, iii) environmental assessments iv) CDM/JI assessment (UCCEE experts). Outputs: –internal approval secured late 2000 to launch the fund –fund capitalisation underway
IAF Projects, IAF Projects, Jamaican Windfarm Client: project investors (wind energy financier RES Ltd. and Jamaican Petroleum Corp.) Project: evaluated whether emission reduction credits could make an otherwise stalled 20 MW wind project viable Support: –evaluation of the policy context and quantification of emission reductions –securing and transacting emission reduction credits through ‘early actions’ Output: –negotiated $3.4mn carbon sale with WB Prototype Carbon Fund
Brazil Rural Energy Enterprise Development Initiative (BREED) ‘fostering renewable energy companies that meet the needs of the rural poor’ A UN Foundation supported initiative engages the private sector to provide distributed energy services based on clean and renewable energy technologies uses an approach that couples enterprise development ‘hand-holding’ with modest amounts of start-up financing
Brazil Rural Energy Enterprise Development Initiative assisting local entrepreneurs to create sustainable energy service companies A practical approach to promoting energy for sustainable development –improve the provision of clean energy services –while building capacity of the private sector –to develop sustainable projects –which are ready for investment.
BREED Deployment Strategy B REED P AR T NE R S B REED P AR T NE R S ENTREPRENEURSENTREPRENEURS Idea Fact-Finding Feasibility Business Planning Implementation Expansion Enterprise Development (E&Co managed) EDS Proposal Business Plan Seed $ and 2nd Stage $$ Policy support for clean energy service delivery Policy support for clean energy service delivery Best practice stakeholder dialogue Best practice stakeholder dialogue RE concession program development RE concession program development Enterprise development Enterprise development POLICYMAKERSPOLICYMAKERS Institutional Support (UNEP/UCCEE managed)
UNEP Sustainable Energy Advisory Facility (SEAF) provides support to financial institutions evaluating investments in specific RET /EE projects provides support to financial institutions evaluating investments in specific RET /EE projects A DANIDA supported initiative national and sectoral planning studies climate change mitigation analysis technology assessment and selection renewable energy or energy efficiency project assessment facilitation of links to funding agencies Example Services Eligible for Support
En México Buscar mecanismos innovativos para realizar proyectos de ER. Por ejemplo, utilizar financiamientos de donadores internacionales para canalizar fondos de instituciones financieras.