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How Can International Financial Institutions Support Cross Border Energy Projects in Emerging Market Economies?

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  • Hilmar Tor Hilmarsson

    (University of Akureyri, Iceland)

Abstract

Investments in clean energy, including geothermal and hydropower projects, are increasingly important to meet the growing energy needs in the world. A large part of clean energy sources in the world are located in emerging markets. Investors in those markets often face higher risks than those investing in high income economies. Higher risks in turn reduce capital flows to emerging markets. This article discusses cross border clean energy projects to emerging markets and the risk mitigation instruments offered by international financial institutions and export credit agencies. The article argues that IFIs should make more use of their guarantee powers to help mobilize private sector funding for clean energy investments to emerging markets.

Suggested Citation

  • Hilmar Tor Hilmarsson, 2013. "How Can International Financial Institutions Support Cross Border Energy Projects in Emerging Market Economies?," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(4), pages 253-262.
    • Handle: RePEc:ods:journl:v:2:y:2013:i:4:p:253-262
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    References listed on IDEAS

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    1. World Bank, 2009. "The World Bank Group Guarantee Instruments 1990-2007 : An Independent Evaluation," World Bank Publications - Books, The World Bank Group, number 2627, April.
    2. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315, April.
    3. Trung Quang DINH & Hilmar Þor HILMARSSON, 2012. "Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help?," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 167-180, March.
    4. Hilmar Tor Hilmarsson & Trung Quang Dinh, 2013. "Can Export Credit Agencies Facilitate Cross Border Trade to Emerging Markets and Help Increase Investments and Innovations in Their Food Processing Industries?," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(3), pages 176-186.
    5. World Bank, 2009. "World Development Indicators 2009," World Bank Publications - Books, The World Bank Group, number 4367, April.
    6. World Bank, 2007. "World Development Indicators 2007," World Bank Publications - Books, The World Bank Group, number 8150, April.
    7. World Bank, 2010. "World Development Indicators 2010," World Bank Publications - Books, The World Bank Group, number 4373, April.
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    Cited by:

    1. Hilmar Þór Hilmarsson, 2015. "Cross Border Investment in Geothermal Energy and International Funding Sources," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(2), pages 89-96.
    2. Anatoliy G. Goncharuk, 2015. "Application of the Investment Theory in Research and Practice," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(2), pages 119-126.
    3. Hilmar Þór Hilmarsson, 2014. "The Icelandic Geothermal Cluster, the Transition to Clean Energy in Emerging Markets and the Role of International Financial Institutions," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(4), pages 220-229.
    4. Xie, Qichang & Bai, Dingchuan & Cong, Xiaoping, 2022. "Modeling the dynamic influences of economic growth and financial development on energy consumption in emerging economies: Insights from dynamic nonlinear approaches," Energy Economics, Elsevier, vol. 116(C).

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