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[Episode #190] – Financing Utility Scale RE in Developing Countries

Jan 25 2023

Multilateral development banks (MDBs) like the World Bank are increasingly under pressure to invest more in renewable energy projects in emerging markets. The lack of financing for such projects is a problem at the small, distributed scale as we discussed in Episode #189, and it’s also a problem for utility-scale projects as we discuss in this episode.

In this conversation, Brad Handler, a Program Manager and Researcher at the Sustainable Finance Lab of the Payne Institute at the Colorado School of Mines who tracks various such projects and initiatives, walks us through some recent Energy Transition Mechanisms (or ETMs) and Just Energy Transition (or JET) refinancing projects that aim to close coal plants in the developing world long before the end of their expected lifespans, and replace their generation with renewable power. A former Wall Street Equity Research Analyst with 20 years of experience covering the oil sector, Brad has a deep understanding of how finance in the traditional energy sector works, giving him an excellent perspective on how energy transition financing could work. He does a wonderful job of explaining the oftentimes opaque and complex world of sustainable finance so that it’s comprehensible.

Closing coal plants remains the number-one priority globally for reducing carbon emissions. So although these are still very early days for refinancing projects, it’s worthwhile to examine how and where development banks are finally taking some real steps to accelerate the energy transition in emerging economies, derisking the sector and motivating much more conventional private sector capital to participate.

Geek rating: 5

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[Episode #138] – Transition in China

Jan 6 2021

Mini Episode

China is both the greatest threat to the global climate, and, very possibly, our greatest hope for energy transition. It consumes more coal and produces more CO2 than any other nation on earth. It also has more installed capacity for wind and solar than any other nation, and the largest long-distance, high-voltage electricity transmission grid. It has more electric vehicles and more high speed rail than any other country. And it produces more steel, and cement, and housing, and just about everything else. If the energy transition is to be a success, it cannot happen without China.

But China remains opaque to non-Chinese speakers, and its conflicting information and narratives confound Western journalists. What is the actual trajectory of energy transition in China? Is it building more coal plants than anyone else… or is it leading the world in building wind and solar? What if the answer is… both? And can it meet its new target to get to net-zero emissions by 2060?

In this episode, expert Lauri Myllyvirta of the Centre for Research on Energy and Clean Air joins us to share his extensive research on coal and air pollution in Asia, with a focus on his insights into what is really happening in China.

Geek rating: 6

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[Episode #115] – Wildfire and Transition in Australia

Feb 19 2020

Mini Episode

Australia’s out-of-control wildfires in recent months have captured the world’s attention and raised serious questions about how climate change is affecting the continent, whether the country’s leadership is taking appropriate action to address climate risk, and what the future holds for its unique weather patterns and ecosystem.

But Australia is one of the most fossil-fuel dependent countries in the world, which makes it politically difficult to face the reality of its climate risk, and how its own activities are increasing that risk. So in this episode we invited a longtime journalist and researcher, based in Sydney, who works in research, strategy, and communications around climate change and finance, to help us understand the political, economic, and climate context of Australia at this moment, and to understand how the wildfires are influencing the trajectory of energy transition there. She reveals a country delicately balanced somewhere between hope and despair, with political leadership in thrall to the fossil fuel industry, and a populace eager to pursue energy transition and reduce its exposure to climate risk.

Geek rating: 1

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