Innovative financing of renewable energy, Briefing note 2, May 2015
Knowledge need Financing technologies and measures for climate change mitigation constitute one of the main issues in the transition to a decarbonised economy. There is a debate about innovative financing mechanisms that can substitute conventional ones that are based on government support. Minimising the need for such support, through adopting more market-based mechanisms, could be beneficial for countries whose public finances are under pressure. Therefore, stakeholders need information with regard to new ways of mobilising financial flows, specifically from private sources. In the European Union, innovative financing mechanisms are needed in order to achieve largescale deployment of renewable energy, to reach the targets for 2020 and 2030, and to work towards a decarbonised economy by 2050.
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