The session will cover various aspects of clean energy development and investment strategies. A speaker from Greenmap ASBL will describe the design of improved competitive procurement processes and well-structured guarantee schemes that allocate risks between the private and public sectors. A speaker from IISD will present research findings on the record-high global fossil fuel subsidies and the need to reallocate these funds to accelerate the energy transition in Asian economies. A speaker from the USAID Power Central Asia Program will describe the challenges faced by Central Asian countries in attracting private investment for the clean energy sector, and then present a case study of USAID support of renewable energy auctions in Kazakhstan, showing how the auctions have led to a reduction in wind energy prices to a record 2.6 US cents/kWh. And finally, a speaker from the Maldives will highlight the country’s achievements in achieving universal access to electricity for its dispersed island communities, with a focus on the government's approach to increasing renewable energy share and attracting private sector investments in the energy sector.
Deputy Chief of Party, USAID Power Central Asia Activity, implemented by Tetra Tech
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