The Renewable Energy Industry in CARIFORUM Countries

COUNTRY INDICATOR ANALYSIS

4.2.3 | FINANCE STAKEHOLDERS

FINANCE

FINANCE

GRANTS LOW INTEREST LOANS NON-PREFERENTIAL LOANS EQUITY & BLENDED FUNDS

FUNDING AGENCIES FINANCIAL INSTITUTIONS

PUBLIC PRIVATE PARTNERSHIPS

Figure 4.5 | Finance Stakeholders Functions

The Finance stakeholders utilize the communicated positions of the environment stakeholders and the supplemental information from support stakeholders to respond to the needs of the clients of the implementation stakeholders. The needs of the clients are linked to the RE environment set by government and the regulator and are based on the market requirements. This varies significantly in practice since some countries have documented policies which remain unimplemented. E.g. tax incentives that would exceed the government’s expectations and policies with no regulations to make them actionable. Financial support to implement projects is provided through this group as a financial investment or in response to physical environment benefits related

to mitigation or adaptation. Without the requisite financing, targets cannot be met, and goals cannot be realized. Even low-cost EE interventions with great payback indicators require some level of financing. Since fundingagencies oftendependongovernment funding in and out of the Region, they may be impacted by changes in policy. Governments who back away from agreements related to climate change or some other environmental cause can reduce the amount of available funds to execute regional projects. Changes in countries’ developmental status can also disqualify individual countries from receiving funding which may be directed to specific countries.

The Renewable Energy Industry in CARIFORUM Countries

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