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A quantitative analysis of 10 multilateral development banks’ investment in conventional and renewable power-generation technologies from 2006 to 2015

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  • Bjarne Steffen

    (ETH Zurich)

  • Tobias S. Schmidt

    (ETH Zurich)

Abstract

Multilateral development banks (MDBs) play a pivotal role in the financing of electricity-generation projects in developing countries, thus having a major impact on the emission pathways of these countries. While information about the MDBs’ investments is publicly available, it is dispersed and hard to compare. A comprehensive compilation of all MDBs’ power-generation investments over the years has been missing. To address this gap, here we assess power-generation financing by all ten relevant MDBs during 2006–2015, in different regions, and through different branches of the banks. The study assesses technology choices by compiling a bottom-up dataset drawing information from 841 projects and programmes. We find that MDBs financed a major portion of all power-generation growth in the developing world, with an increasing share of renewables. However, MDBs have ‘greened’ their portfolios to different extents, and the activities of their public- and private-sector branches differ substantially.

Suggested Citation

  • Bjarne Steffen & Tobias S. Schmidt, 2019. "A quantitative analysis of 10 multilateral development banks’ investment in conventional and renewable power-generation technologies from 2006 to 2015," Nature Energy, Nature, vol. 4(1), pages 75-82, January.
    • Handle: RePEc:nat:natene:v:4:y:2019:i:1:d:10.1038_s41560-018-0280-3
    DOI: 10.1038/s41560-018-0280-3
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    Cited by:

    1. Francesco Lamperti & Mariana Mazzucato & Andrea Roventini & Gregor Semieniuk, 2019. "The Green Transition: Public Policy, Finance, and the Role of the State," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 88(2), pages 73-88.
    2. Jeong Won Kim & Jae-Seung Lee, 2021. "Greening Energy Finance of Multilateral Development Banks: Review of the World Bank’s Energy Project Investment (1985–2019)," Energies, MDPI, vol. 14(9), pages 1-23, May.
    3. Karolina Daszyńska-Żygadło & Krzysztof Jajuga & Justyna Zabawa, 2021. "Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland," Energies, MDPI, vol. 14(19), pages 1-22, October.
    4. Cheng, Si & Wang, Banban, 2023. "Impact of the Belt and Road Initiative on China's overseas renewable energy development finance: Effects and features," Renewable Energy, Elsevier, vol. 206(C), pages 1036-1048.
    5. Tomasz Wołowiec & Iuliia Myroshnychenko & Ihor Vakulenko & Sylwester Bogacki & Anna Maria Wiśniewska & Svitlana Kolosok & Vitaliy Yunger, 2022. "International Impact of COVID-19 on Energy Economics and Environmental Pollution: A Scoping Review," Energies, MDPI, vol. 15(22), pages 1-26, November.
    6. Moner-Girona, M. & Bender, A. & Becker, W. & Bódis, K. & Szabó, S. & Kararach, A.G. & Anadon, L.D., 2021. "A multidimensional high-resolution assessment approach to boost decentralised energy investments in Sub-Saharan Africa," Renewable and Sustainable Energy Reviews, Elsevier, vol. 148(C).

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