RISE - Readiness for Investment in Sustainable Energy : A Tool for Policy Makers
Readiness for Investment in Sustainable Energy (RISE) is a suite of indicators that assesses the legal and regulatory environment for investment in sustainable energy. It establishes a framework for better depicting the national enabling environme...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/01/20426324/readiness-investment-sustainable-energy-rise-tool-policy-makers http://hdl.handle.net/10986/20598 |
| Summary: | Readiness for Investment in Sustainable
Energy (RISE) is a suite of indicators that assesses the
legal and regulatory environment for investment in
sustainable energy. It establishes a framework for better
depicting the national enabling environment to attract
investment into sustainable energy. In this way, RISE
supports the achievement of the objectives of the
Sustainable Energy for All initiative (SE4ALL): ensure
universal access to modern energy services, double the share
of renewable energy in the global energy mix, and double the
rate of improvement in energy efficiency by 2030. Reaching
the SE4ALL goals will require an almost tripling of
historical annual investment flows in these areas to about
$1 trillion, such that countries will need to embrace an
enabling environment that attracts all forms of investment
public and private. This report presents the methodology and
results of a pilot phase of RISE involving 17 developed and
developing countries, as well as an in-depth case study on
Kenya. The pilot is supported by data collected between
December 2013 and June 2014. The pilot countries,
representing varying status in data availability and data
quality are: Armenia, Chile, Denmark, Ethiopia, Honduras,
India, Kenya, Liberia, Maldives, Mali, Mongolia, Nepal, the
Solomon Islands, Tanzania, the United States, Vanuatu, and
the Republic of Yemen. An in-depth exercise was carried out
in Kenya to understand better progress in creating an
enabling environment. This pilot report will be the starting
point for launching the global rollout. It allows for a
validation of the methodology, and for lessons learned from
developing and implementing the suite of indicators across
these countries. Most important, it will remain a baseline
consultation document for the global rollout-expected in
2015 and to cover about 100 countries-helping refine the
methodology and interpretation or results. |
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