- Finally, more work is needed to determine the best combination of financial and other instruments (such as training, education, capacity building or awareness building) for reducing high levels of perceived risk. Such work could develop a more programmatic approach to which combinations and sequences of financial instruments, public/private partnerships, and capacity building provide the best leveraging of private investment in the most cost-effective way.
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Notes:
[1] As of 30 September 2009; see http://www.climatefundsupdate.org/listing/clean-technology-fund
[2] Among which USD 17.8 billion for the building sector alone. Considering the WEO data of USD 2.55 trillion for the building sector and USD 3.1 trillion for other major economies, and assuming the ratio allocated to the building sector across region one estimates that USD 713 billion should be spent in the building sector in other major economies from 2010 to 2030. Hence, an estimated USD 17.8 billion/year should be spent from 2010 to 2020, while USD 53.5 billion should be spent from 2020 to 2030.
[3] See for instance Mind the Gap (IEA/OECD, 2007a).
[4] More details on this proposal are provided throughout the study.
About IEA
The International Energy Agency (IEA) is a Paris-based autonomous inter-governmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of 1973 oil crisis. The IEA acts as a policy adviser to its 28 member countries, but also works with non-member countries, especially China, India and Russia.
The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors. But now, the Agency’s mandate has broadened to focus on the “3Es” of sound energy policy: energy security, economic development, and environmental protection. The latter has focused on mitigating climate change. The IEA has a broad role in promoting alternate energy sources (including renewable energy), rational energy policies, and multinational energy technology co-operation. For more information, visit www.iea.org.
