Financial Engineering of Climate Investment in Developing Countries

Financial Engineering of Climate Investment in Developing Countries

Nationally Appropriate Mitigation Action and How to Finance It

By Søren E. Lütken

Anthem New Energy Finance

Anthem Environment and Sustainability Initiative (AESI)

This book applies past climate finance experience and a clear understanding of financing sources and techniques to the development of financial engineering strategies for the new Nationally Appropriate Mitigation Actions in developing countries.

Paperback, 174 Pages

ISBN:9781783084272

March 2015

£25.00, $40.00

  • About This Book
  • Reviews
  • Author Information
  • Series
  • Table of Contents
  • Links

About This Book

This book gives the first no-nonsense, hands-on account of the financing principles and perspectives for Nationally Appropriate Mitigation Actions (NAMAs), the new kid on the block in the battle against climate change. NAMAs are finding their own identity, and most importantly, finding a new financial basis without relying on a carbon market and carbon credit. While the NAMA model may be the right instrument at the right time, it is spawned from the climate change negotiation sphere that continues to suffer from its lack of interaction with the other spheres involved in its actual deployment. Despite 20 years of negotiations, a barrier remains between concept and action. The disconnect is first and foremost between the political sphere and the private-sector sphere, and is particularly rooted in the understanding – or misunderstanding – of finance. This book bridges the gap by addressing policymaking and private sector financing in one volume. It disarms myths, hides nothing behind political correctness and applies a good measure of common sense to advance guidance for the financing of actions that will allow developing countries, having become the prime source of greenhouse gas emissions, to contribute to the global battle against climate change.

Reviews

‘Green Climate Fund and donors take note!’ —Ash Sharma, Vice President, Carbon Finance and Funds, Nordic Environmental Finance Corporation

‘Lütken’s book gives an excellent overview of the state of NAMAs as well as a fine analysis of the challenges ahead. Its strength lies in his focus on financial engineering, which can contribute to both reducing costs of desirable initiatives and tapping the existing financial system with known agents and finance products.’ —Jan Vassard, Deputy CEO, Danish Export Credit Agency (EKF)

‘Lütken addresses the challenge of NAMA financing head-on and rightly stresses that there is no “magic bullet”. Development practitioners and climate policy developers alike will find lots of food for thought in this book.’ —Axel Michaelowa, Senior Founding Partner, Perspectives GmbH

‘Lütken’s book draws attention to the role export credit agencies could play in green financing given their expertise in covering risk and financing projects that would otherwise not have materialized. This is a much-needed contribution to the climate finance debate!’ —Barbara Buchner, Senior Director, Climate Policy Initiative

‘The book covers much ground and represents a substantial advance in a field that has hitherto been mired in politicized discussions on the need to mobilize climate finance.’ —Rasmus Abildgaard Kristensen, ‘International Affairs’

Author Information

Søren E. Lütken is a senior adviser at the UNEP Risø Centre located at the Danish Technical University.

Series

Anthem New Energy Finance

Anthem Environment and Sustainability Initiative (AESI)

Table of Contents

List of Figures and Tables; List of Abbreviations; Foreword; Preface; Chapter 1 Introduction; Part I What Is; Chapter 2 Climate Change and Nationally Appropriate Mitigation Action; Chapter 3 Learning from the CDM; Chapter 4 Defining NAMA Finance; Chapter 5 The Financing Tools . . .; Chapter 6 . . . And the Financiers; Chapter 7 Engineering and Leveraging the Finance; Part II What Ought to Be; Chapter 8 Challenges to NAMA Finance – Mandates, Aggregation and Lack of Instruments; Chapter 9 Roles of the Green Climate Fund; Chapter 10 Conclusion; Notes; References; Index

Links

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