11/9
WED
13:00-14:30
| Title | Policies for Green Investment and Development |
|---|---|
| Contents | This side event will bring together experts to discuss the role of policies and enabling conditions within countries to promote private investment in green infrastructure in developing countries, drawing on lessons learned from country-specific experiences in Jordan and Viet Nam. The OECD will organise a panel discussion with high-level government officials, donor agencies and businesses on efforts to strengthen policy frameworks for investment in green infrastructure sectors, especially in renewable energy. In particular, discussions will draw on relevant OECD instruments and new country-specific reviews. The event will also discuss the role of development finance in supporting countries to develop and improve enabling policies and incentives for green infrastructure. |
| Organiser / Co-organiser |
OECD |
| Programme |
|
| Session Summary |
The side discussed the role of policies and domestic enabling conditions in promoting private investment in green infrastructure in developing countries, and especially in renewable energy. The discussion drew on lessons learned from country-specific experiences in Jordan and Viet Nam, based on relevant OECD instruments (the Policy Guidance for Investment in Clean Energy Infrastructure and the Policy Framework for Investment) and forthcoming country-specific reviews, which applied those tools: the OECD Clean Energy Investment Policy Review of Jordan (December 2016), which was officially launched on 14 December in Amman; and the green chapter of the Investment Policy Review of Viet Nam (2017 forthcoming). The event included a joint presentation from the OECD, which was followed by a panel discussion with high-level government officials and representatives from donor agencies on efforts to strengthen policy frameworks for investment in green infrastructure sectors, especially in renewable energy. The event also discussed the role of development finance in supporting countries to develop and improve enabling policies and incentives for green infrastructure. Panellists strongly welcomed the forthcoming OECD reviews in Jordan and Viet Nam, and raised the need for coherent and effective policies and regulations overall. In addition, discussions highlighted the importance of civil society and stakeholder consultation for green infrastructure projects. A few participants also encouraged the OECD to consider energy efficiency in future work. |
| Key Messages |
Governments have a major role to play in catalysing green investment by developing targeted policies. The cases of Jordan and Viet Nam show that - Targets for climate change and renewable energy send important signals to investors, and should be consistent across government. - Specific incentives for renewable energy are important to spur the industry, however, these need to be matched with efforts to remove fossil fuel subsidies in order to be effective. - Beyond specific laws, by-laws, incentive schemes and regulations, the effective implementation of such law require a predictable policy environment (e.g. by avoiding delays or cancelations of procurement and tenders, or by avoiding sudden changes in the energy tariff structure). |
| Materials | Presentation 1(PDF・1,021KB) Presentation 2(PDF・416KB) |
| Photos | |
| Reporters | Naeeda Crishna Morgado and Geraldine Ang, OECD |
