In the coming decades, energy demand is expected to grow exponentially in non-OECD countries, surpassing that of developed countries. Consequently, improving energy efficiency and increasing clean energy generation in emerging markets will contribute significantly to the reduction of global emissions as the energy demand in these countries grows.
While investing in clean energy projects in developing countries is an essential first step, it must be ensured that receiving institutions have sufficient absorptive capacity. For example, loan officers (in developed and developing countries alike) may lack the expertise to properly value the savings that would result from an investment in energy efficiency. For this reason, training is essential. Partnering, financing and building the capacity of local banks means reaching these smaller-scale projects that cannot necessarily be funded directly. Providing technical assistance such as consultancy on cost-saving energy-efficient measures for projects adds further value.
“We need to improve energy efficiency and increase clean energy generation in developing markets now or all the efforts we have done to reduce emissions in developed countries will vanish.”
Head of Energy Debt Financing, @ responsAbility
A responsAbility-managed climate fund works in close partnership with local banks to enable them to fund smaller-scale clean energy projects via sub-loans.. At the same time,the fund ensures that proper training and awareness measures are in place to guarantee the most effective use of green funding to improve energy efficiency and increase clean energy generation in emerging markets.
About responsAbility Investments AG
responsAbility Investments AG is an asset manager that delivers impact in the developing world through return-oriented investment vehicles.
These investment vehicles such as the dedicated climate fund provide companies in the financial, agricultural and energy sectors with private debt and private equity.
Founded in 2003, responsAbility has USD 3.1 billion of assets under management that is invested in 550 companies in 97 countries.
The company is headquartered in Zurich and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris.
Its shareholders include reputable institutions in the Swiss financial market as well as its own employees.
responsAbility is registered with the Swiss Financial Market Supervisory Authority FINMA.
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