The CEM Investment and Finance initiative (CEM-IF) aims to support energy ministries of CEM countries in developing policies and enabling frameworks conducive to mobilizing investment and financing, particularly from private sources, for deployment of clean energy at scale. It seeks to address issues across the value chain, with a focus on “upstream” policies and regulations that influence the attractiveness of clean energy investments as well as the supply of finance to realize them, plus “downstream” business and financing models, risk mitigation and transactional tools that can facilitate development and financing of investable projects. It aims to create a unique partnership model, bringing together diverse capabilities and insights of governments, technical partners, public and commercial financial institutions, investors and industry.
The Initiative aims to address this through 3 channels, recognizing that the intensity of collaboration and support will depend on funding and in-kind contributions from different sources as wells as the availability of relevant expertise and support from CEM governments and partner organisations.
1. Peer Exchange and Outreach
2. Knowledge Development and Dissemination
3. Technical Cooperation and Capacity Building
The thematic priorities of the Initiative will be guided by participating CEM governments. Priority themes initially identified and prioritized by the proponent include renewable power, energy efficiency in buildings & industry, and infrastructure (e.g. smart grid) for system integration.
The initiative would build and expand upon the established energy investment work of the CEM countries, the IEA as the initiative Coordinator, and other partner organisations, such as development banks and technical institutions, among others.