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INVESTING IN RENEWABLE ENERGY: THE GEF EXPERIENCE

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INVESTING IN RENEWABLE ENERGY: THE GEF EXPERIENCE ( investing-in-renewable-energygef-experience )

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Jasmine crop grown through irrigation facility provided through the Biomass Energy for Rural India Project Biomass Biomass projects are of interest to the GEF because it represents an energy source with zero net carbon emissions if produced sustainably. GEF-funded biomass projects include power production (combustion, gasification, cogeneration, and waste-to-energy) from forestry and agricultural wastes, including sugarcane bagasse and waste, husks, palm oil residues, wood chips, sawmill waste, municipal waste, and production of biofuels. Many of these projects focus on technology demonstration, but also include activities that seek to address enabling policies, availability of finance, business infrastructure, awareness, capacity development, and technology transfer. In 37 countries, the GEF has funded investments in 330 MW electric and 185 MW thermal with US$270 million that leveraged US$2 billion of cofinancing. Over 50 GEF projects have now implemented pilots that successful demonstrated imported technology. Technology itself is frequently no longer the barrier and can be obtained on a commercial basis. Rather, the challenge is demonstration of the commercial and institutional framework in which the technologies can be profitably deployed and replicated. 24 THE GLOBAL ENVIRONMENT FACILITY

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