Between 2000 and 2002, UNEP invested more than $450,000 to promote renewable energy (RE) and energy efficiency (EE) investments in developing and transition economies through the RE/EE Investment Advisory Facility (IAF). The IAF provided banks and financiers with targeted expertise and support to evaluate proposals in the sustainable energy sector and to help these institutions develop the skills to evaluate such projects independently.
Please note the the IAF is now closed.
Funded by the Global Environment Facility and Sustainable Alternatives.net, the IAF was part of UNEP's broad efforts to shift flows of finance towards systems that align with sustainable development. The IAF was managed jointly by UNEP and the UNEP Risoe Centre on Energy and Environment. The IAF assisted a variety of development and commercial banks, and private investors to assess prospective debt and equity investments in the sustainable energy sector. These include projects or investment funds involving wind, biomass, biogas, geothermal, small hydro and district heating technologies, as well as energy service companies (ESCOs).
Some examples of the types of issues addressed through the IAF include:
- Independent project assessment
- Regulatory compliance and framework review
- Market sizing for a manufacturing concern
- Operational & maintenance cost review
- Environmental liability risk analysis
- Financial risk analysis
- Legal review of intellectual property and patent rights
- Independent valuation of a project or company
- Legal review of performance or power purchase contracts