Policy Guidance for Investment in Clean Energy Infrastructure Expanding Access to Clean Energy for Green Growth and Development

Policy Guidance for Investment in Clean Energy Infrastructure

Expanding Access to Clean Energy for Green Growth and Development

This publication provides governments with guidance on the policy options that are available to make the most of private investment opportunities in clean energy infrastructure, drawing on the expertise of climate and investment communities among others. It identifies key issues for policy makers to consider, including in investment policy, investment promotion and facilitation, competition policy, financial markets, and public governance. It also addresses cross-cutting issues, including regional co-operation and international trade for investment in clean energy infrastructure.

Table of Contents

Executive summary 7
Introduction 19
1. Investment policy 23
-Promoting equal treatment of foreign and domestic investors in clean energy 24
-Intellectual property rights 28
-Contract enforcement and land rights 30
2. Investment promotion and facilitation 33
-Removing fossil-fuel subsidies and pricing carbon 34
-Long-term goal setting to promote clean energy investment 38
-Policy incentives for investments in clean energy infrastructure 40
-Licensing of renewable energy projects 45
-Policy coherence, policy co-ordination and policy monitoring 47
3. Competition policy 49
-Promoting the effective separation of the power sector 50
-Creating a level playing field between public and private investors in clean energy infrastructure 56
-Competition authority 60
4. Financial market policy 63
-Facilitating access to finance 64
-Targeted incentives 66
-Strengthening domestic financial markets 68
5. Public governance 71
-Governance of the electricity market 72
-Electricity network planning and deployment 73
-Co-ordination between different levels of governance 77
6. Other policies and cross-cutting issues 81
-Regional co-operation 82
-Making and implementing the choice between public and private provision for clean energy infrastructure 83
-Clean energy and the World Trade Organization 90
Bibliography 99
Annex A: The Policy Framework for Investment 109
Annex B: The Green Investment Policy Framework 111