REPP’s support for national policy agendas assessed in new report
The Renewable Energy Performance Platform (REPP) published a new report today analysing how its investments are aligned with the climate, energy and development priorities of the countries where it operates.
UK government-funded REPP seeks to achieve transformational change, which it does in part by aligning with the national policy priorities of its target countries and helping to inform related policy processes. The report, Advancing National Policy Agendas Through Responsible Investing, aims to deepen REPP’s understanding of how it is supporting the implementation of those priorities, as well as to identify ways to improve the ex-ante assessment of potential future investments derived from the findings.
It is also hoped the research presented in the report will inspire – and support – other climate and impact investors and fund managers in taking a proactive approach towards ensuring their operations align with national policy agendas. This is something that REPP believes is important for strengthening the public-private partnerships required to amplify climate and sustainable development impacts.
The report is based on extensive desk-based research and maps REPP’s investments to date against country needs and priorities as embodied in their Nationally Determined Contributions (NDCs) to the Paris Agreement, national climate policies, energy sector policies, strategies and action plans, and long-term development agendas. It includes an overview of REPP’s overall alignment with national priorities, as well as an in-depth look at how the programme is supporting the implementation of those policies on a country-by-country basis.
The report found that REPP is:
- Making a material and valuable contribution to the climate, energy and development priorities of the countries in which it has invested
- Raising the ambition of climate action by supporting the implementation of conditional NDC targets
- Contributing to the strengthening of local capacities –a crucial policy priority across the analysed countries
- Supporting several priority renewable energy projects and national electrification programmes, and
- Building a diverse portfolio of on-grid and off-grid solutions, which ensures that the programme can achieve multiple climate, energy and sustainable development goals.
Geoff Sinclair, Managing Director for REPP’s investment manager, Camco Clean Energy, said: “Supporting the sustainable development priorities of target countries is fundamental to the way REPP is trying to achieve transformational and long-lasting change through its investments.
“This report methodically assesses what and how much impact the programme is having in real terms against those priorities so that we can find ways to deepen those impacts through future investments – and inspire others to do the same.”