LCTPi Renewables

General

Name of initiative LCTPi Renewables - REscale
LPAA initiative Yes
NAZCA Initiative Yes
Website address
Related initiatives
Starting year 2015
End year 2018
Secretariat Mariana Heinrich, Manager, Climate & Energy, WBCSD, e-mail: Heinrich@wbcsd.org
Organisational structure
Geographical coverage Global
Name of lead organisation World Business Council for Sustainable Development
Type of lead organisation International organisation
Location/Nationality of lead organisation Switzerland

Description

Description Renewable energy is increasingly reliable and cost-competitive with conventional generation sources. While renewable generation accounted for 22.8% of global electricity production in 2015, considerable acceleration is needed. Through the REscale program, leading energy and technology companies are working together on solutions to accelerate the deployment of renewables and the transition to a low-carbon electricity system. The ambition is to scale-up renewable deployment in line with the IEA 2˚C scenario - this equates to an additional 1.5 TW deployed by 2025.
Objectives
Activities To achieve this aim, the program is addressing these main challenges for scaling-up deployment:

• Renewable Finance: Facilitating the significant scaling up of finance for renewables by exploring new investment vehicles and de-risking project pipelines;

• Corporate Renewable PPA Forum: Working with corporate renewable energy buyers to scale renewable energy procurement via PPAs - globally - and increase bankability of projects;

• Low-Carbon Microgrids: Demonstrate technologies and innovative business models which will allow microgrid business solutions to reach scale.

REscale works with project developers, utilities, electricity consumers as well as financial and legal stakeholders as only a large and diverse group (across the value chain) can make a material contribution to solving the identified barriers.

One or two success stories achieved

Monitoring and Impacts

Sustainable Development Impact:
E SDG goals icons-individual-rgb-07.png  
Function of initiative Technical dialogue, Capacity building
Activity of initiative Training and education, Knowledge dissemination and exchange, Knowledge production and innovation
Indicators
Knowledge dissemination and exchange — Workshops and meetings for exchanging the knowledge
Year2017
Value (#)12
Knowledge production and innovation — Knowledge production or publication produced
Year2016
Value (#)3
Goals
Comments on indicators and goals Knowledge products: 3 reports published in 2016. Workshops: six workshops and six webinars held in 2017. Individuals participating: 506 people and 144 companies. Stakeholders committed: 35 % Increase in REscale membership since 2016.
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 2  
Companies 0
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 1 World resource Institute (USA).
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 1 International Energy Agency - IEA (France).
Financial Institutions 0
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No No No No No No No No No No No Yes No No No No No No No
Last update: 11 October 2019 09:32:28

Not only have national states as participators