Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement
The report, a joint effort between the World Bank’s Social Development Global Practice and International Finance Corporation (IFC) advisory services, is based on the idea that local engagement, for example, through benefit sharing, is an important...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/436351574916190205/Improving-the-Investment-Climate-for-Renewable-Energy-Through-Benefit-Sharing-Risk-Management-and-Local-Community-Engagement http://hdl.handle.net/10986/32748 |
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okr-10986-327482021-05-25T09:29:41Z Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement World Bank International Finance Corporation COMMUNITY PARTICIPATION WIND POWER BENEFIT SHARING RISK MANAGEMENT DEVELOPMENT FINANCE SOCIAL ACCOUNTING LOCAL PARTICIPATION ENERGY EFFICIENCY RENEWABLE ENERGY The report, a joint effort between the World Bank’s Social Development Global Practice and International Finance Corporation (IFC) advisory services, is based on the idea that local engagement, for example, through benefit sharing, is an important way for better risk management and creating a more enabling environment for renewable energy development. It finds that the underlying causes of the conflicts are diverse, complex, and dynamic: influencing factors include historical struggles over poverty and inequality, land ownership, mistrust in public and private institutions, a lack of free, prior and informed consultations (FPIC) before investment flows into the region and oftentimes a missing legal framework for benefit sharing. The study provides recommendations on how to improve the investment climate for renewable energy and wind energy, in particular, through benefit sharing, risk management, and local community engagement. Integrating communities through FPIC or benefit sharing mechanisms is costly - but the cost of not integrating communities and of failed projects is even higher. 2019-12-03T16:46:06Z 2019-12-03T16:46:06Z 2019-08-01 Report http://documents.worldbank.org/curated/en/436351574916190205/Improving-the-Investment-Climate-for-Renewable-Energy-Through-Benefit-Sharing-Risk-Management-and-Local-Community-Engagement http://hdl.handle.net/10986/32748 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Energy Study Latin America & Caribbean Mexico |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
COMMUNITY PARTICIPATION WIND POWER BENEFIT SHARING RISK MANAGEMENT DEVELOPMENT FINANCE SOCIAL ACCOUNTING LOCAL PARTICIPATION ENERGY EFFICIENCY RENEWABLE ENERGY |
| spellingShingle |
COMMUNITY PARTICIPATION WIND POWER BENEFIT SHARING RISK MANAGEMENT DEVELOPMENT FINANCE SOCIAL ACCOUNTING LOCAL PARTICIPATION ENERGY EFFICIENCY RENEWABLE ENERGY World Bank International Finance Corporation Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement |
| geographic_facet |
Latin America & Caribbean Mexico |
| description |
The report, a joint effort between the
World Bank’s Social Development Global Practice and
International Finance Corporation (IFC) advisory services,
is based on the idea that local engagement, for example,
through benefit sharing, is an important way for better risk
management and creating a more enabling environment for
renewable energy development. It finds that the underlying
causes of the conflicts are diverse, complex, and dynamic:
influencing factors include historical struggles over
poverty and inequality, land ownership, mistrust in public
and private institutions, a lack of free, prior and informed
consultations (FPIC) before investment flows into the region
and oftentimes a missing legal framework for benefit
sharing. The study provides recommendations on how to
improve the investment climate for renewable energy and wind
energy, in particular, through benefit sharing, risk
management, and local community engagement. Integrating
communities through FPIC or benefit sharing mechanisms is
costly - but the cost of not integrating communities and of
failed projects is even higher. |
| format |
Report |
| author |
World Bank International Finance Corporation |
| author_facet |
World Bank International Finance Corporation |
| author_sort |
World Bank |
| title |
Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement |
| title_short |
Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement |
| title_full |
Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement |
| title_fullStr |
Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement |
| title_full_unstemmed |
Improving the Investment Climate for Renewable Energy : Through Benefit Sharing, Risk Management, and Local Community Engagement |
| title_sort |
improving the investment climate for renewable energy : through benefit sharing, risk management, and local community engagement |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/436351574916190205/Improving-the-Investment-Climate-for-Renewable-Energy-Through-Benefit-Sharing-Risk-Management-and-Local-Community-Engagement http://hdl.handle.net/10986/32748 |
| _version_ |
1764477206412656640 |