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    Social Funding of Green Financing: An Application of Distributed Ledger Technologies

    Yoshino, Naoyuki; Schloesser, Tim; Taghizadeh-Hesary, Farhad | November 2018
    Abstract
    To achieve the sustainable development goals (SDGs) as well as the Paris Agreement major investments in renewable energy (RE) production are necessary worldwide. In particular, decentralized, small-scale projects offer copious potential to create energy access as well as to contribute to an affordable, reliable and sustainable energy supply system. However, in developing countries such projects often face issues in finding funding. Direct private investment tools like the community-based hometown investment trust (HIT) fund address this issue and offer a way of financing for those projects. Technical developments in the sphere of distributed ledger technologies (DLTs) provide the opportunity to increase the fund’s transparency and thus to improve its functioning. On that basis, this paper contributes to the literature in two ways: First, it delineates a concrete application of DLTs in the field of green financing, which offers the potential to increase social welfare. Second, the decision problem of investors is modeled, which illustrates through which channel the use of DLTs impacts the investors’ behavior.
    Citation
    Yoshino, Naoyuki; Schloesser, Tim; Taghizadeh-Hesary, Farhad. 2018. Social Funding of Green Financing: An Application of Distributed Ledger Technologies. © Asian Development Bank Institute. http://hdl.handle.net/11540/9359.
    Keywords
    Alternative energy
    Alternative energy development
    Photovoltaic Energy
    Geothermal Energy
    Financial & Private Sector Development
    Private Sector Investments
    Private Sector Participation
    Private Sector Projects
    Financial Stability
    Financial Management System
    Financial Restructuring
    Capital Market Development
    Market Development
    Alternative energy program
    Alternative energy technology
    Energy Demand
    Energy planning
    Energy Resources
    Energy Resources Development
    Primary Energy Production
    Primary Energy Supply
    Taxation
    Public Accounting
    National Budget
    Municipal Bonds
    Loc
    Private enterprises
    Private ownership
    Government
    Infrastructure projects
    Development projects
    Financial loss
    International Financial Market
    Multilateral Financial Institutions
    Green technology
    Energy conversion
    Electric power consumption
    Cost effectiveness
    Inventions
    Sun
    Solar heating
    Solar energy
    Renewable energy source
    Power resource
    Natural resource
    Energy harvesting
    Energy development
    Energy facility
    Power supply
    Solar activity
    Solar constant
    Earth
    Weather
    Renewable energy resource
    Energy security
    Energy tax credit
    Energy assistance
    Solar energy policy
    Conservation of natural resources
    Local finance
    Business recessions
    Multilateral development banks
    Regulatory reform
    Capital
    Exports
    Economic development projects
    Investment Requirements
    Banks
    International banks and banking
    Capital movements
    Central banks and banking
    Bills of exchange
    Swaps
    Banks and banking
    Financial crisis
    Credit control
    Credit allocation
    Capital market
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    Citable URI
    http://hdl.handle.net/11540/9359
    Metadata
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    adbi-wp889.pdf (587.6Kb)
    Author
    Yoshino, Naoyuki
    Schloesser, Tim
    Taghizadeh-Hesary, Farhad
    Theme
    Energy
    Private Sector
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise