Innovative financing of renewable energy, Briefing note 2, May 2015

Knowledge need
Financing technologies and measures for
climate change mitigation constitute one of
the main issues in the transition to a
decarbonised economy. There is a debate
about innovative financing mechanisms that
can substitute conventional ones that are
based on government support. Minimising
the need for such support, through adopting
more market-based mechanisms, could be
beneficial for countries whose public finances
are under pressure.
Therefore, stakeholders need information
with regard to new ways of mobilising
financial flows, specifically from private
sources. In the European Union, innovative financing mechanisms are needed in order to achieve largescale
deployment of renewable energy, to reach the targets for
2020 and 2030, and to work towards a decarbonised economy
by 2050.
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