Finance and justice in low-carbon energy transitions

Finance and justice in low-carbon energy transitions
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DOI:
10.1016/j.apenergy.2018.04.007
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发表时间:
2018-07-15
期刊:
影响因子:
11.2
通讯作者:
Holstenkamp, Lars
Holstenkamp, Lars
中科院分区:
工程技术1区
文献类型:
--
作者:
Hall, Stephen;Roelich, Katy E.;Holstenkamp, Lars

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要履行《巴黎协定》,需要高达61万亿美元的电力系统投资。动员如此多的资金是一个巨大的挑战。因此,能源政策正在改变,以满足商业融资的需要。然而,很少有人质疑这种资本动员的正义含义,以及低碳能源系统的商业化融资有什么替代方案。本文通过对两个发达经济体的比较分析,探讨了“替代”融资形式如何在每个国家的能源投资格局中发挥作用。我们发现另类金融经常与商业资本对立。这两个国家的替代金融都受到金融正义结果的推动,而这些结果在当前的能源政策中却知之甚少。我们的研究结果表明,6项原则是“公正”能源融资的关键:可负担性,良好治理,正当程序,代际公平,空间公平和金融弹性。寻求调动资本的能源政策应考虑所有六项原则。
Up to $61trillion of power systems investment is needed to fulfil the Paris Agreement. The mobilisation of so much capital is a huge challenge. As such, energy policy is changing to meet the needs of commercial finance. However, very little has been done to question the justice implications of this capital mobilisation, and what alternatives there are to commercially-oriented finance for low carbon energy systems. This paper uses a comparative analysis of two developed economies to explore how 'alternative' forms of finance operate in each nation's energy investment landscape. We find alternative finance is often set in opposition to commercial capital. Alternative finance in both nations is motivated by financial justice outcomes that are poorly understood in current energy policy. Our findings suggest that 6 principles are key to 'just' energy finance: affordability, good governance, due process, intra-generational equity, spatial equity, and financial resilience. Energy policy that seeks to mobilise capital, should take account of all six principles.