A 10-point plan to scale up renewable energy in the Global South

Sam Fankhauser; Cameron Hepburn; Stephanie Hirmer; Tonny Kukeera; Dhruv Singh; Ingrid Sundvor; Philipp Trotter; Pu Yang

doi:10.1080/14693062.2024.2418948

A 10-point plan to scale up renewable energy in the Global South

Sam Fankhauser^*, Cameron Hepburn, Stephanie Hirmer, Tonny Kukeera, Dhruv Singh, Ingrid Sundvor, Philipp Trotter, Pu Yang

^*Corresponding author for this work

IMP Innovation, Strategy and Sustainability

Research output: Contribution to journal › Commentary/debate › peer-review

Abstract

The parties to the Paris Agreement have a new ambition: Tripling renewable energy capacity by 2030. We investigate this pledge from the point of view of renewable energy operators in developing countries, where future energy needs are largest. We identify the key risks and barriers operators face. As renewable energy technology has matured, these risks have evolved. Operators are now much more concerned about market (e.g. tariff levels), macroeconomic (e.g. exchange rates) and governance (e.g. administrative hurdles) risks than technology risks per se. We put forward 10 concrete, actionable measures to accelerate renewable energy deployment. The measures are well understood, and if they are scaled up determinedly the 2030 target is achievable.

Original language	English
Journal	Climate Policy
Early online date	25 Oct 2024
DOIs	https://doi.org/10.1080/14693062.2024.2418948
Publication status	E-pub ahead of print - 25 Oct 2024

Keywords

business models
clean investment
developing countries
Renewable energy
risk management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/14693062.2024.2418948

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abstract = "The parties to the Paris Agreement have a new ambition: Tripling renewable energy capacity by 2030. We investigate this pledge from the point of view of renewable energy operators in developing countries, where future energy needs are largest. We identify the key risks and barriers operators face. As renewable energy technology has matured, these risks have evolved. Operators are now much more concerned about market (e.g. tariff levels), macroeconomic (e.g. exchange rates) and governance (e.g. administrative hurdles) risks than technology risks per se. We put forward 10 concrete, actionable measures to accelerate renewable energy deployment. The measures are well understood, and if they are scaled up determinedly the 2030 target is achievable.",

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AU - Fankhauser, Sam

AU - Hepburn, Cameron

AU - Hirmer, Stephanie

AU - Kukeera, Tonny

AU - Singh, Dhruv

AU - Sundvor, Ingrid

AU - Trotter, Philipp

AU - Yang, Pu

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N2 - The parties to the Paris Agreement have a new ambition: Tripling renewable energy capacity by 2030. We investigate this pledge from the point of view of renewable energy operators in developing countries, where future energy needs are largest. We identify the key risks and barriers operators face. As renewable energy technology has matured, these risks have evolved. Operators are now much more concerned about market (e.g. tariff levels), macroeconomic (e.g. exchange rates) and governance (e.g. administrative hurdles) risks than technology risks per se. We put forward 10 concrete, actionable measures to accelerate renewable energy deployment. The measures are well understood, and if they are scaled up determinedly the 2030 target is achievable.

AB - The parties to the Paris Agreement have a new ambition: Tripling renewable energy capacity by 2030. We investigate this pledge from the point of view of renewable energy operators in developing countries, where future energy needs are largest. We identify the key risks and barriers operators face. As renewable energy technology has matured, these risks have evolved. Operators are now much more concerned about market (e.g. tariff levels), macroeconomic (e.g. exchange rates) and governance (e.g. administrative hurdles) risks than technology risks per se. We put forward 10 concrete, actionable measures to accelerate renewable energy deployment. The measures are well understood, and if they are scaled up determinedly the 2030 target is achievable.

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KW - clean investment

KW - developing countries

KW - Renewable energy

KW - risk management

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JO - Climate Policy

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A 10-point plan to scale up renewable energy in the Global South

Abstract

Keywords

UN SDGs

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