The breadth and coverage of analytical expertise in the IEA Technology Collaboration Programmes (TCPs) are unique assets that underpin IEA efforts to support innovation for energy security, economic growth and environmental protection. The 39 TCPs operating today involve about 6 000 experts from government, industry and research organisations in more than 50 countries1.


Climate Technology Initiative (CTI TCP)

Highlight

Enabling global green growth through project financing

The CTI TCP provides a framework to bridge the gap between investors and clean energy projects in need of financing. In 2013-2014 it saw 19 project deals completed (190 MW capacity) which could result in CO2 emissions reduction of 302 000 tonnes/year. 

Focus of CTI clean technology projects having reached financial closure during 2013-2014.*

Non-OECD countries are expected to account for 97% of the growth in global energy demand from 2012-40.** As a result, developing and emerging economies will increasingly share the burden of building an environmentally sound future. Sharing best practices, knowledge, tools and financing options are important steps to accelerating development and diffusion of clean technologies.

For these reasons the CTI TCP developed the Private Financing Advisory Network (PFAN), a multilateral activity dedicated to reducing greenhouse gas (GHG) emissions by bridging the gap between investors and clean energy projects in need of financing. Promising projects are identified at an early stage of development, professional assistance provided through preparation of a financially sound business plan and investors are introduced to mature projects.

PFAN mitigation activities have expanded significantly: 19 projects reached financial closure, representing 190 MW of clean generation capacity and the potential to reduce 302 000 tonnes of CO2 emissions per year. PFAN projects being considered increased by 52% compared to end 2012, representing an additional USD 6 billion of total value. The total amount of financing raised amounted to USD 578 million, at a leveraging rate of 1:100 (public funds to private financing).

The large majority of PFAN mitigation projects (70%) reaching financial closure focused on renewables (biomass, biogas, hydropower, solar, biofuels and wind), energy efficiency (17%), waste-to-energy (6%) and transport (4%). There are similar trends for projects in the pipeline at end-2014, with the addition of projects focusing on geothermal energy. The majority of these projects were located in Asia (54% of which 16% in China); sub-Saharan Africa (30%); and Latin America and the Caribbean (4%). In 2015 PFAN anticipated to scale up climate adaptation related projects across Sub-Saharan Africa.

Membership in the PFAN network grew by 30% compared to end-2012, comprising 130 government agencies, investment banks, regional development banks, small power producer collectives, competency centres and green initiatives.

PFAN activities receive direct or indirect support from participants in the CTI TCP, national agencies such as the United States Agency for International Development, the Renewable Energy and Energy Efficiency Partnership, the Energy and Climate Partnership of the Americas, the International Development Research Centre, and the International Centre for Energy Technology Transfer.

* Graph adapted from data provided by the CTI TCP
 
** IEA, Paris (2014) World Energy Outlook

 

Activities

  • Application of clean energy technologies
  • Assessing developing country technology needs
  • Clean technology business network
  • Capacity building
  • Collaboration with climate related international fora
  • Exchange of experts
  • Facilitation of private financing for technology transfer
  • Financing adaptation related projects
  • Market mechanisms for climate action – urban level
  • Private financing advisory network (PFAN)
  • Regional clean energy financing forums
  • Technology needs assessments

Participants

  IEA member 
countries
 Partner 
 countries 
Reg./Int. 
orgs.
Contracting Parties  -  -
Sponsors -  -

For more information: www.climatetech.net

1. Information or material of the IEA Technology Collaboration Programmes, or IEA TCPs (formally organised under the auspices of an Implementing Agreement), including information or material published on this website, does not necessarily represent the views or policies of the IEA Secretariat or of the IEA’s individual Member countries. The IEA does not make any representation or warranty (express or implied) in respect of such information (including as to its completeness, accuracy or non-infringement) and shall not be held liable for any use of, or reliance on, such information.