RE/EE Investment Advisory Facility (IAF)
| Between 2000 and 2002, UNEP
invested more than $450,000 to promote renewable energy (RE)
and energy efficiency (EE) investments in developing and transition
economies through the RE/EE Investment Advisory Facility (IAF).
The IAF provided banks and financiers with targeted expertise
and support to evaluate proposals in the sustainable energy
sector and to help these institutions develop the skills to
evaluate such projects independently.
Please note the the IAF is now closed. |
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Funded by the Global Environment Facility and Sustainable Alternatives.net,
the IAF was part of UNEP's broad efforts to shift flows of finance
towards systems that align with sustainable development. The IAF
was managed jointly by UNEP and the UNEP Risoe Centre on Energy
and Environment. The IAF assisted a variety of development and commercial
banks, and private investors to assess prospective debt and equity
investments in the sustainable energy sector. These include projects
or investment funds involving wind, biomass, biogas, geothermal,
small hydro and district heating technologies, as well as energy
service companies (ESCOs).
Some examples of the types of issues addressed
through the IAF include:
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- independent project assessment
- regulatory compliance and framework review
- market sizing for a manufacturing concern
- operational & maintenance cost review
- environmental liability risk analysis
- financial risk analysis
- legal review of intellectual property and patent rights
- independent valuation of a project or company
- legal review of performance or power purchase contracts
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| The IAF is financed by the |
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