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Difference between revisions of "Grants"
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| + | *Relatively simple to implement. | ||
*<span style="font-size: 11.000000pt; '">The money received is not expected to be paid back.</span><br/> | *<span style="font-size: 11.000000pt; '">The money received is not expected to be paid back.</span><br/> | ||
*<span style="font-size: 11.000000pt;'"><span style="line-height: 1.5em;">Experimental and unproven technologies can be used with lowered financial risk </span><span style="line-height: 1.5em;">to implementers.</span></span> | *<span style="font-size: 11.000000pt;'"><span style="line-height: 1.5em;">Experimental and unproven technologies can be used with lowered financial risk </span><span style="line-height: 1.5em;">to implementers.</span></span> | ||
| + | *Don't require ongoing administration. | ||
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*<span style="font-size: 11.000000pt;'">Usually a complicated process must be followed to access grant funding that may take years to complete.</span><br/> | *<span style="font-size: 11.000000pt;'">Usually a complicated process must be followed to access grant funding that may take years to complete.</span><br/> | ||
| + | *If grants are made in return for equity, then the public sector is involved in the control of projects, which may lead to poorer perfomance and the crowding out of private financing. | ||
*<span style="font-size: 11.000000pt;'"><span style="line-height: 1.5em;">There often is a loss of flexibility in purchasing, administration, project location and system designs since donor agencies place many requirements on the implementation process.</span></span><br/> | *<span style="font-size: 11.000000pt;'"><span style="line-height: 1.5em;">There often is a loss of flexibility in purchasing, administration, project location and system designs since donor agencies place many requirements on the implementation process.</span></span><br/> | ||
| + | *Low levels of leverage as it directly replaces possible private financing. | ||
*<span style="font-size: 11.000000pt;'"><span style="line-height: 1.5em;"></span>A large administrative cost to meet donor requirements is common.</span> | *<span style="font-size: 11.000000pt;'"><span style="line-height: 1.5em;"></span>A large administrative cost to meet donor requirements is common.</span> | ||
| + | *No return on capital that could have been used to finance further projects. | ||
| + | *High risk in terms of avhieving objectives as they don't create incentives for delivery. | ||
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Revision as of 12:37, 27 August 2013
► Back to Financing & Funding Portal
Overview
Grants can be provided for demonstrations, pilot projects, to develop the market or to buy down the cost of the technology. Grants for finance have often been used to develop “revolving funds” for renewable energy finance. Unfortunately their long term success rate has been low.
Grants often originate from private foundations, but can also be provided by international development organizations like the World Bank (WB), the ADB, the GEF, U.N agencies, bilateral funding organizations and governments[1].
| GRANTS | ||
| Advantages |
Disadvantages | |
|
| |
| Source:Wade, H. (2005). Financing Mechanisms for Renewable Energy Development in the Pacific Islands.[1] | ||
Further Information
