Tag: denise mauzerall
Decarbonizing the power sector will require a fundamental redirection of global finance from fossil fuel infrastructure towards low carbon technologies. Bilateral finance will play an important role in the global energy transition to non-fossil energy, but an understanding of its impact has so far been limited. In a new Science Direct article, Kevin P. Gallagher, […]
For many developing countries, inward foreign direct investment (FDI) fills the local financial gap in the power sector and helps fuel the economy. In the 1980s, China suffered from severe power shortages, as state investment alone could not meet soaring demand for electricity. The government later removed its regulatory barriers and restructured feed-in-tariff schemes to […]
Global power generation must rapidly decarbonize by mid-century to meet the goal of stabilizing global warming below 2 degrees Celsius. To meet this objective, multilateral development banks (MDBs) have gradually reduced fossil fuel and increased renewable energy financing. Meanwhile, globally active national development finance institutions (DFIs) from Japan and South Korea have continued to finance […]
China began investing in overseas power projects in 2003, with investments accelerating in the years since. After a steady growth period from 2003-2013, the past four years have witnessed a substantial increase in the volume of Chinese investment. In a new working paper, Kevin P. Gallagher, Zhongsu Li and Denise Mauzerall provide the first estimates of […]