The Experts below are selected from a list of 35844 Experts worldwide ranked by ideXlab platform

Andreas Kontoleon - One of the best experts on this subject based on the ideXlab platform.

  • leveraging private investment to expand renewable power generation evidence on Financial additionality and productivity gains from uganda
    World Development, 2021
    Co-Authors: Benedict Probst, Ld Anadón, Lotte Westermann, Andreas Kontoleon
    Abstract:

    Abstract Effectively mitigating climate change entails a quick upscaling and redirection of electricity infrastructure investment towards clean power. Given that the bulk of greenhouse gas emissions increases until 2050 will come from low- and middle-income countries, finding cost-effective ways to mitigate climate change while meeting development targets is essential. However, recent research has shown some of the limitations of broad financing mechanisms, such as the Clean Development Mechanism (CDM) and existing carbon markets. This has resulted in a growing interest in designing novel investment support schemes, such as modifications of feed-in tariffs (FiTs) that may be more cost effective and better targeted towards particular outcomes when compared to traditional deployment subsidies or broad financing mechanisms. We evaluate the design and outcomes of one such novel support schemes: the GET FiT (Global Energy Transfer Feed-in Tariff) investment support scheme in Uganda, which has attracted ~ 453 million USD in private sector investment for 17 small-scale renewable energy projects (solar, hydro, bagasse) in only three years. Using Financial Modelling on detailed project-level data, we find that most projects were additional and would therefore not have been built without the subsidy. In addition, using firm-level panel data, we show that power outages hamper manufacturing performance in Uganda. In the absence of reliable outage-data for the entire Ugandan territory, we use nightlight variations to proxy changes in outages. We show that outages have declined substantially since the introduction of GET FiT. Yet, our analysis also demonstrates that programmes to incentivise additional renewable generation in developing countries funded internationally or domestically should liaise closely with grid authorities to ensure that supply does not outstrip demand.

Benedict Probst - One of the best experts on this subject based on the ideXlab platform.

  • leveraging private investment to expand renewable power generation evidence on Financial additionality and productivity gains from uganda
    World Development, 2021
    Co-Authors: Benedict Probst, Ld Anadón, Lotte Westermann, Andreas Kontoleon
    Abstract:

    Abstract Effectively mitigating climate change entails a quick upscaling and redirection of electricity infrastructure investment towards clean power. Given that the bulk of greenhouse gas emissions increases until 2050 will come from low- and middle-income countries, finding cost-effective ways to mitigate climate change while meeting development targets is essential. However, recent research has shown some of the limitations of broad financing mechanisms, such as the Clean Development Mechanism (CDM) and existing carbon markets. This has resulted in a growing interest in designing novel investment support schemes, such as modifications of feed-in tariffs (FiTs) that may be more cost effective and better targeted towards particular outcomes when compared to traditional deployment subsidies or broad financing mechanisms. We evaluate the design and outcomes of one such novel support schemes: the GET FiT (Global Energy Transfer Feed-in Tariff) investment support scheme in Uganda, which has attracted ~ 453 million USD in private sector investment for 17 small-scale renewable energy projects (solar, hydro, bagasse) in only three years. Using Financial Modelling on detailed project-level data, we find that most projects were additional and would therefore not have been built without the subsidy. In addition, using firm-level panel data, we show that power outages hamper manufacturing performance in Uganda. In the absence of reliable outage-data for the entire Ugandan territory, we use nightlight variations to proxy changes in outages. We show that outages have declined substantially since the introduction of GET FiT. Yet, our analysis also demonstrates that programmes to incentivise additional renewable generation in developing countries funded internationally or domestically should liaise closely with grid authorities to ensure that supply does not outstrip demand.

Joachim Lebovits - One of the best experts on this subject based on the ideXlab platform.

  • stochastic integration with respect to multifractional brownian motion via tangent fractional brownian motions
    Stochastic Processes and their Applications, 2014
    Co-Authors: Joachim Lebovits, Jacques Levy Vehel, Erick Herbin
    Abstract:

    Stochastic integration w.r.t. fractional Brownian motion (fBm) has raised strong interest in recent years, motivated in particular by applications in finance and Internet traffic Modelling. Since fBm is not a semi-martingale, stochastic integration requires specific developments. Multifractional Brownian motion (mBm) generalizes fBm by letting the local Holder exponent vary in time. This is useful in various areas, including Financial Modelling and biomedicine. The aim of this work is twofold: first, we prove that an mBm may be approximated in law by a sequence of “tangent” fBms. Second, using this approximation, we show how to construct stochastic integrals w.r.t. mBm by “transporting” corresponding integrals w.r.t. fBm. We illustrate our method on examples such as the Wick–Ito, Skorohod and pathwise integrals.

Victor Murinde - One of the best experts on this subject based on the ideXlab platform.

  • flow of funds implications for research on Financial sector development and the real economy
    Journal of International Development, 2003
    Co-Authors: Christopher J Green, Victor Murinde
    Abstract:

    This paper provides a selective survey of the leading theoretical and empirical issues surrounding the flow of funds: its meaning and origin, problems of construction, its use in Financial Modelling and its role as a tool of analysis of intersectoral Financial flows. It is argued that there is an intimate connection between the flow of funds, interest rates and asset prices, and hence incomes and expenditures in an economy. The paper discusses flow of funds analysis in the context of developing countries, concentrating on possible applications and methodologies, and the issue of data collection and organization. We explore the reasons for lack of success at empirical flow of funds Modelling and propose 'promising research ideas' (PRIs) to apply flow of funds analysis to study the relationship between Financial sector development and the real economy, particularly to identify effective Financial sector policies in developing countries. Copyright © 2003 John Wiley & Sons, Ltd.

Ld Anadón - One of the best experts on this subject based on the ideXlab platform.

  • leveraging private investment to expand renewable power generation evidence on Financial additionality and productivity gains from uganda
    World Development, 2021
    Co-Authors: Benedict Probst, Ld Anadón, Lotte Westermann, Andreas Kontoleon
    Abstract:

    Abstract Effectively mitigating climate change entails a quick upscaling and redirection of electricity infrastructure investment towards clean power. Given that the bulk of greenhouse gas emissions increases until 2050 will come from low- and middle-income countries, finding cost-effective ways to mitigate climate change while meeting development targets is essential. However, recent research has shown some of the limitations of broad financing mechanisms, such as the Clean Development Mechanism (CDM) and existing carbon markets. This has resulted in a growing interest in designing novel investment support schemes, such as modifications of feed-in tariffs (FiTs) that may be more cost effective and better targeted towards particular outcomes when compared to traditional deployment subsidies or broad financing mechanisms. We evaluate the design and outcomes of one such novel support schemes: the GET FiT (Global Energy Transfer Feed-in Tariff) investment support scheme in Uganda, which has attracted ~ 453 million USD in private sector investment for 17 small-scale renewable energy projects (solar, hydro, bagasse) in only three years. Using Financial Modelling on detailed project-level data, we find that most projects were additional and would therefore not have been built without the subsidy. In addition, using firm-level panel data, we show that power outages hamper manufacturing performance in Uganda. In the absence of reliable outage-data for the entire Ugandan territory, we use nightlight variations to proxy changes in outages. We show that outages have declined substantially since the introduction of GET FiT. Yet, our analysis also demonstrates that programmes to incentivise additional renewable generation in developing countries funded internationally or domestically should liaise closely with grid authorities to ensure that supply does not outstrip demand.

  • Leveraging private investment to expand renewable power generation: Evidence on Financial additionality and productivity gains from Uganda
    'Organisation for Economic Co-Operation and Development (OECD)', 2021
    Co-Authors: Probst B, Westermann L, Ld Anadón, Kontoleon Andreas
    Abstract:

    Effectively mitigating climate change entails a quick upscaling and redirection of electricity infrastructure investment. Given that the bulk of greenhouse gas emissions increases until 2050 will come from low- and middle-income countries, finding cost-effective ways to mitigate climate change while meeting development targets is essential. However, recent research has shown some of the limitations of broad financing mechanisms, such as the Clean Development Mechanism (CDM) and existing carbon markets. This has resulted in a growing interest in designing novel investment support schemes, such as modifications of targeted feed-in-tariffs (FiTs) that may be more cost effective and better targeted towards particular outcomes when compared to traditional deployment subsidies or broad financing mechanisms. We evaluate the design and outcomes of one such novel support schemes: the GET FiT (Global Energy Transfer Feed-in Tariff) investment support scheme in Uganda, which has attracted ~ 453 million USD in private sector investment for 17 small-scale renewable energy projects (solar, hydro, bagasse) in only three years. Using Financial Modelling on detailed project-level data, we find that the majority of projects were additional and would therefore not have been built without the subsidy. In addition, using firm-level panel data, we show that power outages hamper manufacturing performance in Uganda. In the absence of reliable outage-data for the entire Ugandan territory, we use nightlight variations to proxy changes in outages. We show that outages have declined substantially since the introduction of GET FiT. Yet, our analysis also demonstrates that programmes to incentivise additional renewable generation in developing countries funded internationally or domestically should liaise closely with grid authorities to ensure that supply does not outstrip demand.European Union’s Horizon 2020 INNOPATHS project (Grant agreement no. 730403) The Department of Land Economy and the School of Humanities and Social Sciences, University of Cambridge Heinrich Böll Foundation