Publicly backed guarantees as policy instruments to promote clean energy
This report provides a comprehensive introduction to the topic of publicly backed guarantees and how they can be used to promote investment in renewables and energy efficiency. The executive summary (10 pp) is written for policymakers and gives a high level overview of where and how publicly backed guarantees are used, and recommendations for the design, preparation, and implementation of such programs. Chapter 1 of the report places publicly backed guarantees in the context of the financial system; chapter 2 explores their economic justification; and chapter 3 provides a survey of different types of publicly backed guarantee. Chapters 4–7 provide detailed examples of publicly backed guarantees in use.