Download or read book Revisiting Public Private Partnerships in the Power Sector written by Maria Vagliasindi and published by World Bank Publications. This book was released on 2013-04-05 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the chronic power shortages faced by numerous developing countries, and the need everywhere to keep pace with demand, understanding the drivers of public private partnerships (PPPs) in energy is critical. While many private electricity projects have been delayed and financing costs have increased, the impact of the global financial crisis was less severe than that of previous crises that originated in developing countries. This resilience stems from developing countries’ need to expand generation capacity, electricity sector reforms and better regulatory frameworks, and short-term solutions (such as rental power plants). The study reports the evidence from statistical analysis and a sample of case studies selected based. It proposes a novel analytical approach to model PPPs, using a two-stage procedure based on Heckman’s sample selection distinguishing between those factors that determine whether private investment in energy takes place, and those that influence the volume of investment. The results of the analysis provide the following conclusions: • Both general governance and regulatory instrument primarily affect investors’ decisions to enter the various power sector markets, not the subsequent level of investment – indicating that investors seem to be adequately protected against risks. • Support mechanisms, like feed-in tariffs, are crucial for attracting investors in renewable generation, but they do not succeed in displacing fossil fuel investment and they could play a bigger role in affecting the level of investment in renewables. • There is a significant trade-off between effectiveness and efficiency of alternative instruments for deploying renewables. Feed-in tariffs tended to be quite effective but to be set on the high side, reducing incentives to cut costs and posing significant strains on already stripped national budgets. Competitive auctions, on the other hand have tended to be efficient but initially low and not always the most effective instrument. • Countries can scale up renewables following different paths. For Brazil, the move from feed-in tariffs to auctions enabled it to both reduce costs and deploy additional capacity. Peru followed in Brazil’s path, opting for auctions instead of introducing feed-in tariffs. On the other hand, China’s move from competitive tenders to feed-in tariffs allowed for discovery effects to determine the right level of prices to attract private investment in renewables.

Download or read book Revisiting Public Private Partnerships in the Power Sector written by Maria Vagliasindi and published by World Bank Publications. This book was released on 2013-04-01 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public private partnerships (PPPs) could play a big role. This report reviews the evidence to date and considers different help outline the relevance of establishing appropriate legal, regulatory, contractual, and fiscal frameworks; and improving market governance to attract private investment in the power sector.

Download or read book Revisiting Public Private Partnerships written by Tharun Dolla and published by Springer Nature. This book was released on 2023-12-29 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume discusses the resilience of public-private partnerships (PPPs) in the wake of the COVID-19 pandemic. Using a comparative lens, the book assesses the degree to which global PPP infrastructure projects have been affected by the pandemic and details short term and long-term measures undertaken by governments and private parties to mitigate disruption to infrastructure delivery. Secondly, it focuses on improving the state-of-art knowledge by suggesting future directions to be taken by governments, practitioners, and researchers in order to create resilience in infrastructure projects when using PPPs as the delivery model. Chapters present diverse case studies of PPP governance across countries, covering topics such as regulatory issues, risk management, financing, contractual governance, arbitration, and stakeholder management. Providing a systematic review, assessment, and research agenda on lessons learned from the pandemic, this volume will appeal to researchers and students of public administration, public economics, construction management, infrastructure management, and public management, as well as practitioners and government professionals.

Download or read book Rethinking Public Private Partnerships written by Lewis, Mervyn K. and published by Edward Elgar Publishing. This book was released on 2021-08-27 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public private partnerships (PPPs) have been a controversial approach to procuring public infrastructure services. Against a background of recent trenchant criticism of PPPs, Mervyn K. Lewis, a leading scholar in the area, re-examines their utility. He questions what PPPs can and cannot do, why governments choose this route and whether PPPs can ever be good value for money.

Download or read book Revisiting Policy Options on the Market Structure in the Power Sector written by and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public private Partnerships written by Maya N. Boutros and published by . This book was released on 2016 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: The basic purpose of this research is to conclude whether the service providers as a type of PPP reform will boost revenues pf EDL in the collection of bills. Design/methodology/approach: The analysis of the researchers project will be a quantitative approach based on revenue statements of EDL and supported by qualitative approach through interviews. Findings: A comparative approach between pre and post PPP in the form of service providers in EDL for a 2 year time period (2011-2013) as well as interviews with employees in EDL has shown that PPP is not always the right solution. Research limitations: First, the was a limitation in collecting information from inside EDL about the upcoming years. EDL refused to provide the revenue statement of the bills for the years of 2014 and 2015 claiming that these are confidential. The statements and the data used (2011-2012 and 2013) were very hard to get from EDL. The second limitation pertains to the unavailability of interviewees ready to comment on the subject of the study. Only one source within EDL accepted to be interviewed. Practical implications: At the theoretical level, this research paper attempts to use PPPs as solutions in certain services in which the advantages of the private sector and combined with that of the public sector to deliver efficiency and effectiveness to citizens. As such, the aim in this paper is to evaluate PPPs in the bills collection of EDL to conclude whether they are always an efficient and effective solution.

Download or read book The Handbook of Economic Development and Institutions written by Jean-Marie Baland and published by Princeton University Press. This book was released on 2020-01-21 with total page 786 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Download or read book China s Carbon Energy Policy and Asia s Energy Transition written by Akihisa Mori and published by Routledge. This book was released on 2021-12-29 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to examine the impacts associated with China’s carbon-energy policy in Asia and how, coupled with the Belt and Road Initiative, these effects prompt foreign direct investments in coal power and exports of renewable energy technologies. China shows a co-evolution of carbon-energy policy and energy transitions from coal to renewables. Assessing how the policy intensifies pressures and motivations to Chinese companies, chapters in this edited volume analyse how the policy has changed energy and CO2 emissions in Asia through the lens of carbon leakage, relocation, and halos. Contributors present in-depth studies on China’s investments and exports, and also its impacts on Indonesia, India, Vietnam, and Japan. Using applied computable general equilibrium and scenario input-output analyses, chapters investigate if regional electricity connectivity reduces new coal power investments through efficiency gain. Arguing that China is shifting from the world’s factory to the leading innovator and Asia's demand centre, it is ultimately demonstrated that China is likely to achieve climate targets whereas Asia to increase CO2 emissions and economic reliance on China. China’s Carbon-Energy Policy and Asia’s Energy Transition will be of significant interest to students and scholars of energy, environment, and sustainability studies, as well as Chinese studies and economics.

Download or read book Identifying Best Practices in Public private Partnerships in Renewable Energy written by Ninad Rajpurkar and published by . This book was released on 2015 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-Private Partnerships (PPP) have emerged as a means to develop physical and social infrastructure assets in developing countries. PPPs enable governments to attract private sector investment in public infrastructure services, which would supplement public resources or release them for other public needs. They also allow governments to utilize the efficiency and expertise of the private sector in providing public services which have been traditionally delivered by the public sector. There has been an increased focus on developing alternatives to fossil fuels in recent times for sustainable development, which has put the spotlight on renewable energy sources. Renewable energy sources have largely been developed in the advanced economies, with emerging markets lagging behind. A possible reason could be that despite the rapid reduction in the cost of generating renewable energy in the past few years, the cost is still higher compared to the cost of conventional energy sources such as coal and natural gas. Increased private sector participation in the sector through the PPP mode may help to improve technologies and reduce costs in emerging markets, as has been the case in many developed countries. The aim of this thesis is to study some of the successful PPPs implemented in the renewable energy sector in emerging markets and identify best practices that have contributed to the success of these arrangements. These findings can be used as leamings for similar renewable energy programs in developing countries worldwide. Keywords: public-private partnerships, PPP, renewable energy, emerging markets, developing countries, South Africa, India, public policy, REIPPP, Charanka solar park, Gujarat, solar energy, solar parks, rooftop solar.

Download or read book Consequences of Corruption at the Sector Level and Implications for Economic Growth and Development written by OECD and published by OECD Publishing. This book was released on 2015-03-25 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an analysis of the impact of a range of corrupt practices on economic growth and development in four key sectors: utilities and infrastructure, extractive industries, health and education.

Download or read book Financing Clean Energy in Developing Asia Volume 2 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-09-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines clean energy financing and approaches in hydropower and demand-side energy efficiency projects. It presents policies and strategies on energy, based on the experiences in South Asia. This is the second of two volumes that reviews tried and tested approaches and instruments in scaling up clean energy development in Asia and the Pacific.

Download or read book Power Market Structure written by Maria Vagliasindi and published by World Bank Publications. This book was released on 2013-03-28 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current distribution of power markets around intermediate structures that fall between the two extremes of full integration and unbundling suggests that there has not been a linear path to power market structure reform. Rather, many developing countries may retain intermediate structures into the foreseeable future. This possibility exposes a gap in the understanding of power market structures, since most theoretical work has focused on the two extreme possibilities and there is limited evidence of the impact of unbundling for developing countries. Power Market Structure takes a novel analytical approach to modeling market structure, together with ownership and regulation, in determining performance across several indicators, including access, operational and financial performance, and environmental sustainability. Its conclusions--which will be of particular interest to policy makers, academics, and development practitioners--reflect evidence drawn from statistical analysis and a representative sample of 20 case studies, selected based on initial conditions such as income and power system size. The key result of the analysis is that unbundling delivers results when used as an entry point to implementing broader reforms, particularly introducing a sound regulatory framework, and reducing the degree of concentration of the generation and distribution segments of the market by attracting additional public and private players and greater private sector participation. In addition, there seems to be a credible empirical basis for selecting a threshold power system size and per capita income level below which unbundling of the power supply chain is not expected to be worthwhile. Partial forms of vertical unbundling do not appear to drive improvements. The most likely reason is that the owner was able to continue exercising control over the affairs of the sector and hinder the development of competitive pressure within the power market.

Download or read book The Design and Sustainability of Renewable Energy Incentives written by Peter Meier and published by World Bank Publications. This book was released on 2014-10-29 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides economic models of the sustainability and affordability of renewable energy support schemes alongside operational advice on how the regulatory design may need to be modified to minimize the impact on the budget and be affordable to the poor, as well as how to identify and fill the financing gap.

Download or read book Constructing Change A Political Economy of Housing and Electricity Provision in Turkey written by Ezgi B. Ünsal and published by BRILL. This book was released on 2021-07-05 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Constructing Change, Ezgi B. Unsal explores the commodification of social provision as a defining feature of modern world economy, by using the case studies of electricity and housing provision in Turkey.

Download or read book Governing Science and Technology under the International Economic Order written by Shin-yi Peng and published by Edward Elgar Publishing. This book was released on 2018 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of the recent trend towards megaregional trade initiatives, this book addresses the most topical issues that lie at the intersection of law and technology. By assessing international law and the political economy, the contributing authors offer an enhanced understanding of the challenges of diverging regulatory approaches to innovation.

Download or read book Global Economic Prospects January 2020 written by World Bank Group and published by World Bank Publications. This book was released on 2020-01-27 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is projected to be slightly faster in 2020 than the post-crisis low registered last year. While growth could be stronger if reduced trade tensions lead to a sustained reduction in uncertainty, the balance of risks to the outlook is to the downside. Growth in emerging market and developing economies is also expected to remain subdued, continuing a decade of disappointing outcomes. A steep and widespread productivity growth slowdown has been underway in these economies since the global financial crisis, despite the largest, fastest, and most broad-based accumulation of debt since the 1970s. In addition, many emerging market and developing economies, including low-income countries, face the challenge of phasing out price controls that impose heavy fiscal cost and dampen investment. These circumstances add urgency to the need to implement measures to rebuild macroeconomic policy space and to undertake reforms to rekindle productivity growth. These efforts need to be supplemented by policies to promote inclusive and sustainable long-term growth and accelerate poverty alleviation. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, whereas the June edition contains shorter analytical pieces.

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD