Publication:
Green Infrastructure Finance : Framework Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-07-02T14:36:11Z
dc.date.available2012-07-02T14:36:11Z
dc.date.issued2012
dc.description.abstractThe report estimated that in the East Asia and Pacific (EAP) region alone about US$80 billion a year of additional investments would be required in low-emission projects (green investments), resulting in a significant financing challenge. The report argues that the solution lies in understanding the causes of the financial viability gap, and then investigating how specific actions, including strategic subsidies, concessional financing, and public policy interventions and reforms, can bridge this gap to make green investment transactions viable. The green infrastructure finance framework also underscores the benefits of valuing and monetizing carbon externalities. Moreover, it recognizes the effects of policy distortions and other negative factors that impinge on financial viability, emphasizing the need for an approach to analyze and explain the gap and to attribute its components to different stakeholders. This report shows that it is essential to measure global and local externality benefits against the causes of the viability gap such as perceptions of added risks, cost differentials, policy distortions, and other factors. Once these elements are fully considered, policy makers can identify practical ways to better structure the financing of green investment projects that can be supported by the market. Three key principals have guided the development of the framework: (i) targeting green finance resources on sectors that have large numbers of projects with low abatement costs; (ii) setting ceilings on the value of support that will be provided for a tone of greenhouse gas (GHG) abatement in any sector or project; and (iii) using competitive mechanisms to ensure that projects do not receive more support than needed to make them financially attractive. This report is the second of a continuing series of green infrastructure finance publications. The first part undertook a stocktaking of leading initiatives and literature related to the green infrastructure finance theme. This second part is a conceptual piece that bridges ideas and concepts between environmental economics and project finance practices. Work will continue over the next months by operationalizing this framework (analytical methodology and assessment of green infrastructure investment climate) through a pilot in a selected EAP developing country. Given a better understanding of the financing challenges of different green projects, work will also continue in developing more customized and innovative financing instruments that can be specifically tailored to address the requirements of these projects.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/04/16253049/green-infrastructure-finance-framework-report
dc.identifier.doi10.1596/978-0-8213-9527-1
dc.identifier.isbn978-0-8213-9527-1
dc.identifier.urihttps://hdl.handle.net/10986/9367
dc.languageEnglish
dc.publisherWashington, DC
dc.relation.ispartofseriesWorld Bank Studies
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectABATEMENT COSTS
dc.subjectAIR
dc.subjectALLOCATION
dc.subjectALTERNATIVE INVESTMENT
dc.subjectALTERNATIVE INVESTMENTS
dc.subjectBALANCE SHEET
dc.subjectBIOMASS
dc.subjectBRIDGE
dc.subjectBUS
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectCAPITAL COST
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INTENSIVE PROJECTS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCARBON ABATEMENT
dc.subjectCARBON CAPTURE
dc.subjectCARBON DIOXIDE
dc.subjectCARBON DIOXIDE EMISSIONS
dc.subjectCARBON ECONOMY
dc.subjectCARBON EMISSION
dc.subjectCARBON EMISSIONS
dc.subjectCARBON FINANCE
dc.subjectCARBON MARKET
dc.subjectCARBON MARKETS
dc.subjectCARBON PRICE
dc.subjectCARBON TAXES
dc.subjectCARBON TECHNOLOGIES
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCLEAN ENERGY
dc.subjectCLEAN TECHNOLOGIES
dc.subjectCLEAN TECHNOLOGY
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCO
dc.subjectCO2
dc.subjectCOAL
dc.subjectCOAL PLANT
dc.subjectCOLORS
dc.subjectCOMMERCIAL LOAN
dc.subjectCOMMERCIAL LOANS
dc.subjectCOST OF CARBON
dc.subjectCOST-BENEFIT
dc.subjectDAMAGES
dc.subjectDEBT
dc.subjectDEBT PAYMENTS
dc.subjectDEBT SERVICE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANKS
dc.subjectDIFFUSION
dc.subjectDISCOUNT RATE
dc.subjectDOMESTIC CARBON
dc.subjectDONOR COMMUNITY
dc.subjectDONOR SUPPORT
dc.subjectECONOMIC BENEFITS
dc.subjectECONOMIC COSTS
dc.subjectECONOMIC OPPORTUNITIES
dc.subjectECONOMIC PERSPECTIVE
dc.subjectECONOMIC POLICY
dc.subjectECONOMICS OF CLIMATE CHANGE
dc.subjectEFFICIENT TRANSPORT INFRASTRUCTURE
dc.subjectEMISSION
dc.subjectEMISSION ABATEMENT
dc.subjectEMISSION REDUCTION
dc.subjectEMISSION TECHNOLOGIES
dc.subjectEMISSIONS
dc.subjectEMISSIONS ABATEMENT
dc.subjectEMISSIONS REDUCTION
dc.subjectEMISSIONS REDUCTIONS
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY EFFICIENCY MEASURES
dc.subjectENERGY EFFICIENT LIGHT BULBS
dc.subjectENERGY EFFICIENT TRANSPORT
dc.subjectENERGY PORTFOLIO
dc.subjectENERGY SAVINGS
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectEQUITY INVESTOR
dc.subjectEQUITY INVESTORS
dc.subjectEQUITY RATIO
dc.subjectEXTERNALITIES
dc.subjectFINANCE INITIATIVE
dc.subjectFINANCIAL CONTRIBUTION
dc.subjectFINANCIAL COSTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL RESOURCE
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL STRUCTURES
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL VIABILITY
dc.subjectFINANCING NEEDS
dc.subjectFISCAL SUPPORT
dc.subjectFLOW OF FUNDS
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUELS
dc.subjectFUEL COST
dc.subjectFUEL SUBSIDIES
dc.subjectGHG
dc.subjectGHGS
dc.subjectGLOBAL ENVIRONMENT FACILITY
dc.subjectGLOBAL RECESSION
dc.subjectGLOBAL WARMING
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHIGH ENERGY
dc.subjectHOMEOWNER
dc.subjectHOUSEHOLDS
dc.subjectHYBRID FINANCING
dc.subjectIMPORT DUTIES
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE FINANCING
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINNOVATIVE FINANCIAL INSTRUMENTS
dc.subjectINNOVATIVE FINANCING
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINTEREST PAYMENT
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CORPORATION
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PROJECTS
dc.subjectKEY BENEFIT
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLOAN
dc.subjectLOAN TERMS
dc.subjectLOCAL AIR POLLUTION
dc.subjectLONG-TERM FINANCING
dc.subjectLOW-CARBON
dc.subjectLOWER COSTS
dc.subjectMARGINAL ABATEMENT
dc.subjectMARGINAL ABATEMENT COST
dc.subjectMARKET FAILURE
dc.subjectMARKET INTEREST RATES
dc.subjectMASS TRANSIT
dc.subjectMUNICIPAL ENGINEER
dc.subjectNEGATIVE IMPACT
dc.subjectNOX
dc.subjectO&M
dc.subjectOPERATING COSTS
dc.subjectPARTICULATE
dc.subjectPERSONAL TRANSPORTATION
dc.subjectPOLICY ANALYSIS
dc.subjectPOLICY MAKERS
dc.subjectPOLLUTION
dc.subjectPORTFOLIO
dc.subjectPOWER GENERATION
dc.subjectPOWER PLANTS
dc.subjectPOWER SECTOR
dc.subjectPRESENT VALUE
dc.subjectPRICE DISTORTIONS
dc.subjectPRICE OF COAL
dc.subjectPRICE TAG
dc.subjectPRIVATE FINANCIAL MARKETS
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE INVESTORS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC EDUCATION
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRAIL
dc.subjectRAIL PROJECTS
dc.subjectRAPID TRANSIT
dc.subjectRAPID TRANSIT SYSTEMS
dc.subjectRATES OF RETURN
dc.subjectREAL ESTATE
dc.subjectRENEWABLE ENERGY
dc.subjectRESERVE ACCOUNTS
dc.subjectRESOURCE COST
dc.subjectRETAIL ELECTRICITY
dc.subjectRETURN ON INVESTMENT
dc.subjectRISK PERCEPTIONS
dc.subjectSANITATION
dc.subjectSOURCES OF FUNDS
dc.subjectSOX
dc.subjectSPILLOVER EFFECTS
dc.subjectSTREET LIGHTING
dc.subjectSUBSIDY COSTS
dc.subjectSUPPLY SIDE
dc.subjectTAX
dc.subjectTAX INCENTIVES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTOTAL AMOUNT OF ABATEMENT
dc.subjectTRADABLE PERMITS
dc.subjectTRADING
dc.subjectTRAFFIC
dc.subjectTRANSACTION COSTS
dc.subjectTRANSIT SYSTEM
dc.subjectTRANSIT SYSTEMS
dc.subjectTRANSPORT
dc.subjectTRANSPORTATION INFRASTRUCTURE
dc.subjectTRUE
dc.subjectTRUST FUND
dc.subjectUNCERTAINTIES
dc.subjectUNEP
dc.subjectURBAN TRANSPORT
dc.subjectWIND
dc.subjectWIND ENERGY
dc.subjectWIND FARMS
dc.titleGreen Infrastructure Finance : Framework Reporten
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2012-05-02
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2012/04/16253049/green-infrastructure-finance-framework-report
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.guid343711468343734503
okr.identifier.doi10.1596/978-0-8213-9527-1
okr.identifier.externaldocumentum000333038_20120503032127
okr.identifier.internaldocumentum16253049
okr.identifier.report68491
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/03/000333038_20120503032127/Rendered/PDF/684910PUB0EPI0067926B09780821395271.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicTransport
okr.unitTrnsprt
okr.unitEgy
okr.unitUrban Sustnble Dev (EASIN)
okr.volume1 of 1
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