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Strengthening financial innovation in energy supply projects for rural exploitations in developing countries

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  • Monroy, Carlos Rodríguez
  • Hernández, Antonio San Segundo

Abstract

Sustainable energy supply models are needed to achieve the Millennium Development Goals established by the United Nations for 2015. On the other hand, sustainability of agricultural exploitations in rural areas is a pre-requisite to achieve the objective of halving the proportion of people that lives in poverty, and productivity of such exploitations is closely related to energy supply. This article analyses the results of a survey of experts, suggesting that there may be good chances to innovate in the financing of agricultural electrification projects in developing countries. The experts' opinion suggests that new sources of financing could be mobilised and oriented towards the promotion of sustainable initiatives in developing countries. Financial mechanisms should be adapted to the characteristics of decentralised systems of energy production with renewable sources or with mixed technologies, in order to overcome the barriers derived from the high initial price of the applications, and to the specific conditions of the agricultural sector. The participation of funds from the beneficiaries and the incorporation of the beneficiaries in the initial phases of project organisation would allow for the development of productive solutions with a higher potential to generate resources and to articulate sustainable proposals.

Suggested Citation

  • Monroy, Carlos Rodríguez & Hernández, Antonio San Segundo, 2008. "Strengthening financial innovation in energy supply projects for rural exploitations in developing countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(7), pages 1928-1943, September.
    • Handle: RePEc:eee:rensus:v:12:y:2008:i:7:p:1928-1943
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    References listed on IDEAS

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    1. Rodríguez Monroy, Carlos & San Segundo Hernández, Antonio, 2005. "Developing Sustainable Electricity Supplies in Rural Areas of Developing Countries," The Electricity Journal, Elsevier, vol. 18(5), pages 68-73, June.
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    Cited by:

    1. Liu, Melisande F.M. & Pistorius, Till, 2012. "Coping with the energy crisis: Impact assessment and potentials of non-traditional renewable energy in rural Kyrgyzstan," Energy Policy, Elsevier, vol. 44(C), pages 130-139.
    2. Nisar, Arsalan & Monroy, Carlos Rodríguez, 2012. "Potential of the renewable energy development in Jammu and Kashmir, India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5260-5267.
    3. Lam, Patrick T.I. & Law, Angel O.K., 2016. "Crowdfunding for renewable and sustainable energy projects: An exploratory case study approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 11-20.
    4. Heo, Eunnyeong & Kim, Jinsoo & Boo, Kyung-Jin, 2010. "Analysis of the assessment factors for renewable energy dissemination program evaluation using fuzzy AHP," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(8), pages 2214-2220, October.
    5. Bhide, Anjali & Monroy, Carlos Rodríguez, 2011. "Energy poverty: A special focus on energy poverty in India and renewable energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(2), pages 1057-1066, February.
    6. Ebers Broughel, Anna, 2019. "On the ground in sunny Mexico: A case study of consumer perceptions and willingness to pay for solar-powered devices," World Development Perspectives, Elsevier, vol. 15(C), pages 1-1.
    7. Mertzanis, Charilaos & Garas, Samy & Abdel-Maksoud, Ahmed, 2020. "Integrity of financial information and firms' access to energy in developing countries," Energy Economics, Elsevier, vol. 92(C).
    8. Nisar, Arsalan & Rodríguez Monroy, Carlos, 2011. "A review of the potential of renewable energy sources for the State of Jammu and Kashmir (India)," Energy Policy, Elsevier, vol. 39(10), pages 6667-6671, October.
    9. Bhattacharyya, Subhes C., 2013. "Financing energy access and off-grid electrification: A review of status, options and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 462-472.

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