Aman Srivastava

Blog Posts

3 Activities that Can Help Investors Become More “Climate Friendly”
by Cynthia Cummis, Christopher Weber and Aman Srivastava - May 19, 2015
Warren Buffet once said, “Cash combined with courage in a time of crisis is priceless.” Will those with the “cash”—the institutional investors who own an estimated $70 trillion in capital—have the courage to respond?
Expanding Climate Finance in Latin America and the Caribbean
by Indira Masullo, Karla Renschler and Aman Srivastava - December 19, 2014
Despite difficult negotiations in Lima, discussions signaled the positive outlook among development banks for expanding climate finance in Latin America and the Caribbean.

With increasing low-carbon investments, pledges to the Green Climate Fund, and ambitious renewable energy and efficiency targets demonstrate robust political and financial commitments, building momentum for a strong global response to climate change.
Estimating Climate Finance Mobilization Toward $100 Billion and Beyond
by Aman Srivastava and Ilana Ginsberg - December 04, 2014
Making the transition to a low-carbon, climate-resilient economy is going to take a lot of investment, and the limited budgets of the public sector can’t tackle it alone.

But by targeting their support, governments can create incentives for significant private investment into climate activities; in other words, they can “mobilize” private investment.
Lessons from Indonesia: Mobilizing Investment in Geothermal Energy
by Louise Helen Brown and Aman Srivastava - June 26, 2013
Developing countries will need about $531 billion of additional investments in clean energy technologies every year in order to limit global temperature rise to 2°C above pre-industrial levels, thus preventing climate change’s worst impacts. To attract investments on the scale required, developing country governments, with support from developed countries, must undertake “readiness” activities that will encourage public and private sector investors to put their money into climate-friendly projects.

WRI’s six-part blog series, Mobilizing Clean Energy Finance, highlights individual developing countries’ experiences in scaling up investments in clean energy and explores the role climate finance plays in addressing investment barriers. The cases draw on WRI’s recent report, Mobilizing Climate Investment.

The development of Indonesia’s geothermal energy sector—and the starts and stops along the way—provides an interesting case study on how to create readiness for low-carbon energy. By addressing barriers such as pricing distortions and resource-exploration risks, the country has begun to create a favorable climate for geothermal investment.

The History of Geothermal Power in Indonesia

Indonesia holds the world’s largest source of geothermal power, with an estimated potential of 27 GW. However, less than 5 percent of this potential has been developed to date. Indonesia began to explore its geothermal resource in the 1970s, with support from a number of developed country governments. The country made some progress in advancing geothermal development by the 1990s. However, development stalled during the Asian financial crisis in 1997-98 and was slow to recover.

In the early 2000s, a number of barriers limited investment in the sector, including a policy and regulatory framework that favored conventional, coal-fired energy over geothermal. Plus, the high cost and risk associated with geothermal exploration deterred potential investors and made it difficult to access financing from banks.

The Indonesian government took a number of steps to try to advance geothermal development and received support from a wide range of international partners, including multilateral development banks and developed country governments. In 2003, it passed a law to promote private sector investment in geothermal, establishing a target of 6,000MW installed capacity by 2020.
Unlocking Climate Finance: How Can Multilateral Agencies Better Leverage the Private Sector?
by Shilpa Patel and Aman Srivastava - December 17, 2012
The Doha negotiations that just concluded earlier this month have again drawn attention to the urgent need for climate adaptation and emissions reductions. Government representatives, civil society stakeholders, development aid organizations, and corporates agree that the world must make big strides—soon—if we are to have any hope of keeping global average temperatures to 2 degrees Celsius above pre-industrial levels.

One problem, though, is how to generate enough finance to fund these activities. A new WRI working paper aims to address this challenge by examining the role multilateral agencies can play in mobilizing private sector finance for climate change adaptation and mitigation.

Leveraging the Private Sector to Bridge the Climate Finance Gap

Developing countries—those most vulnerable to climate change’s impacts—will need $300 billion annually by 2020 and $500 billion annually by 2050 for mitigation activities alone. The newly established Green Climate Fund (GCF), meant to channel $100 billion annually into climate-relevant investments starting in 2020, is a significant first step, but does not fill the gap of what’s needed.

The public sector cannot tackle this challenge alone, and indeed, the GCF already envisions funding from a mix of public and private sources. The key, then, is to mobilize the private sector to create new investment opportunities and new markets.

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Aman Srivastava

3 Activities that Can Help Investors Become More “Climate Friendly”

Expanding Climate Finance in Latin America and the Caribbean

Estimating Climate Finance Mobilization Toward $100 Billion and Beyond

Lessons from Indonesia: Mobilizing Investment in Geothermal Energy

The History of Geothermal Power in Indonesia

Unlocking Climate Finance: How Can Multilateral Agencies Better Leverage the Private Sector?

Leveraging the Private Sector to Bridge the Climate Finance Gap

The Trillion Dollar Question II: Tracking Investment Needs in Transport

Estimating Mobilized Private Climate Finance

Methodological Approaches, Options and Trade-offs

Methodology and Database—Public Financing Instruments to Leverage Private Capital

Focus on Multilateral Agencies

Survey of Public Financing Institutions' Use of Instruments

Public Financing Instruments to Leverage Private Capital for Climate-Relevant Investment

Focus on Multilateral Agencies

Glossary of Financing Instruments

Current Initiatives Focused on Using Public Climate Finance to Leverage Private Capital

Reading Resources on Using Public Climate Finance to Leverage Private Capital

Moving the Fulcrum

A Primer on Public Climate Financing Instruments Used to Leverage Private Capital

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The History of Geothermal Power in Indonesia

Leveraging the Private Sector to Bridge the Climate Finance Gap

Methodological Approaches, Options and Trade-offs

Focus on Multilateral Agencies

Focus on Multilateral Agencies

A Primer on Public Climate Financing Instruments Used to Leverage Private Capital

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