Institutional Investors and Green Infrastructure Investments

The empirics of enabling investment and innovation in renewable energy

“… Improving financial market policy, to facilitate access to financing for renewable projects, including through assessing the effects of financial regulations and ensuring access to and affordability of financing, e.g. through establishing appropriate financing vehicles and institutions, such as blended finance, green bonds and green investment bonds (OECD, 2017(OECD, , 2016aKaminker et al, 2013).  Enhancing public governance, by improving co-ordination among multiple levels of governance on key issues such as grid capacity, human resources training and capacity, and governance of energy regulators.…”

Urban Green Growth in Dynamic Asia

“…In deciding on their investment portfolio, each private investor considers the trade-off between projected return on investment and risk. To gain the interest of private investors, urban green infrastructure projects need to be marketable and promising with regard to returns and risk, with high potential yields or limited risk, or both (OECD, 2013a;Kennedy and Corfee-Morlot, 2012;Kaminker et al, 2013;Kaminker and Stewart., 2012) (Box 6). Investment barriers, however, often limit the attractiveness of green urban infrastructure projects compared to alternatives based on fossil fuel.…”

“…However, less than 1% of OECD pension fund assets are allocated directly to infrastructure projects, and the "green" component is even more limited. In Asia, the Asia Water Fund is a recent innovation that allows emerging market pension funds to invest in the asset class relating to green infrastructure (Kaminker et al, 2013).…”

Lignes directrices pour l'investissement dans une infrastructure énergétique propre

“…Dans les pays de l'OCDE, ces investisseurs détenaient pour plus de 83 000 milliards USD d'actifs en 2012. Cela étant, on estime que moins de 1 % des actifs des fonds de pension sont directement investis dans les infrastructures (Kaminker et al, 2013). La place plus ou moins grande que les fonds de pension pourraient tenir dans le financement des infrastructures des énergies propres dépend aussi du contexte national (par exemple, au Brésil, où BNDES est le premier pourvoyeur de financements à long terme, tant en fonds propres que sous forme de dette, les fonds de pension et le marché des capitaux en général jouent un rôle plus limité dans le développement des infrastructures (Irving et Manroth, 2009).…”

“…Des études récentes de l'OCDE ont mis en évidence les nombreux obstacles à l'investissement direct dans les infrastructures énergétiques propres auxquels se heurtent les institutionnels (Kaminker et al, 2013 ;Kaminker et Stewart, 2012), notamment :…”