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Financial Barriers to Development of Renewable and Green Energy Projects in Asia

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  • Hooman Peimani

Abstract

The expansion of green renewable energy has been very limited in all the Asian countries, despite their various differences. The contributing factors are numerous, but, the financial factor has been the single major factor determining whether or not a country opts for such energy. This is notwithstanding awareness about the unsustainability of fossil energy dominated energy mixes, both for environmental and economic reasons. The main culprit is Asia’s bank-dominated financial system with its underdeveloped capital market, which leaves Asian banks as the major source of funding for green renewable energy projects. Considering these projects as very risky with low rate of return on their invested capital, their reluctance to finance them has been the major barrier to the expansion of green renewable energy in Asia. Addressing the financing challenge is both possible and necessary to remove the barrier to green energy expansion in Asia.

Suggested Citation

  • Hooman Peimani, 2018. "Financial Barriers to Development of Renewable and Green Energy Projects in Asia," Working Papers id:12891, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12891
    Note: Institutional Papers
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    Cited by:

    1. Aleluia, J. & Tharakan, P. & Chikkatur, A.P. & Shrimali, G. & Chen, X., 2022. "Accelerating a clean energy transition in Southeast Asia: Role of governments and public policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    2. Ahsan Anwar & Avik Sinha & Arshian Sharif & Muhammad Siddique & Shoaib Irshad & Waseem Anwar & Summaira Malik, 2022. "The nexus between urbanization, renewable energy consumption, financial development, and CO2 emissions: evidence from selected Asian countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(5), pages 6556-6576, May.
    3. Iwona Bąk & Anna Spoz & Magdalena Zioło & Marek Dylewski, 2021. "Dynamic Analysis of the Similarity of Objects in Research on the Use of Renewable Energy Resources in European Union Countries," Energies, MDPI, vol. 14(13), pages 1-24, July.

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