"In East Asia, all middle-income countries have national targets for energy efficiency and renewable energy, and some even have targets for carbon reduction. However, a major hurdle to achieving a sustainable energy path is mobilizing the required financing. Although the lion's share of the investments are expected to come from the private sector, the challenge facing policy makers is how to unlock this commercial financing most cost effectively to scale up clean energy investments.
Written for an audience of government decision makers in middle-income and high-income countries, international financing communities, and practitioners, this report draws lessons to date from recent experience in applying public financing instruments and attempts to address the following issues: when and under what circumstances to use public financing instruments; which instrument to select; and how to design and implement them most effectively.
First and foremost, effective and conducive policies are
