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dc.contributor.authorPrice, Roz
dc.identifier.citationPrice, R.A. (2022). Private sector investment in the clean energy sector in the Pacific Islands. K4D Helpdesk Report 1194. Institute of Development Studies. DOI: 10.19088/K4D.2022.132en
dc.description.abstractMost Pacific small island developing states (SIDS) have ambitious renewable energy targets which call for huge investment, a significant part of which is expected to come from the private sector (IFC, 2021). Although there are around 40 renewable energy projects across the Pacific SIDS either already operating, under construction, or planned for commissioning in the next decade, they are still heavily reliant on imported fuel. Given the huge funding gap in achieving the Sustainable Development Goals (SDGs) and climate objectives in developing countries, private financing has been advocated for as the solution for the shortfall, as it has a large pool of capital available and catalytic properties that could effectively scale-up the “reach” and the scope of influence of public financing (Samuwai, 2021). Private sector partners are particularly critical to supporting SIDS as they often struggle to access international capital markets due to their high debt levels, lack of creditworthiness or small market size (UN-OHRLLS, 2022). However, there is still a general lack of private sector financing in the renewable energy sector in the Pacific SIDS (PIFS, 2018; Samuwai, 2021). Whether private finance mobilisation for clean energy is realistic at the scales needed in the Pacific SIDS is not answered clearly in the literature, although much of it is based on the assumption that there is no real alternative to private sector investment. This rapid review hence explores some of the key drivers, constraints and opportunities to the mobilisation and scale-up of this private sector investment.en
dc.description.sponsorshipForeign, Commonwealth and Development Office (FCDO)en
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesK4D Helpdesk Report;1194
dc.subjectEconomic Developmenten
dc.subjectMillennium Development Goalsen
dc.titlePrivate Sector Investment in the Clean Energy Sector in the Pacific Islandsen
dc.rights.holder© Crown copyright 2022en
rioxxterms.funderDepartment for International Development, UK Governmenten

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  • K4D [937]
    K4D supports learning and the use of evidence to improve the impact of development policy and programmes. The programme is designed to assist the Foreign, Commonwealth and Development Office (FCDO) and other partners to be innovative and responsive to rapidly changing and complex development challenges.

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