Press Clipping

First Climate in Chatham House: Scaling up Renewable Energy in Developing Countries: finance and investment perspectives

Carbon finance was not a significant feature of any of the Roundtables, and in general carbon revenue is seen as ‘icing on the cake’ for mainstream financiers with a limited role at present, particularly in contrast to the central importance of national policies and other regulatory aspects.

London, April 04, 2010

...

This was also outlined at the 2009 RE Finance conference in Beijing: the head of project
finance at one integrated carbon asset management firm discussed challenges to monetize
potential carbon income stream in RE project finance. Additional to international policy and
pricing uncertainty, issues include: the credit quality of the ERPA for a CDM project, and
whether it is bankable in a mainstream project finance context; can structures be developed
here it is used to draw in additional debt; and clarity over the treatment of carbon assets in
banking regulations.*

...

* Quote from page 27: Sudhir Bhat, Head of Project Finance, First Climate, ‘Approaches to developing carbon monetization vehicles’, 13 May 2009, Renewable Energy Finance Forum China.

The full article is available here:
http://www.chathamhouse.org.uk/publications/papers/view/-/id/874/

back

Contact

First Climate AG
Press Department
Industriestr. 10
61118 Bad Vilbel - Frankfurt/Main
Germany

Head Corporate Communications
p: +49 (0)6101 55658-34
f: +49 (0)6101 55658-77
E-Mail: press@firstclimate.com