A Crowdfunding Agency Model for Renewables in an Emerging Economy

A Crowdfunding Agency Model for Renewables in an Emerging Economy

Mobilizing finance for investment in renewable energy is a challenge for climate change mitigation via fostering the layout of new projects. The challenge becomes critical in emerging or developing economies, mainly because the architecture of financial intermediaries as well as their instruments ar...

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Main Authors: Castro-Cárdenas, Cecilia, Ibarra-Yunez, Alejandro
Format: Online
Language:spa
Published: ACACIA A.C. 2022
Online Access:https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/309
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spelling oai:ojs.pkp.sfu.ca:article-3092022-11-03T17:21:20Z A Crowdfunding Agency Model for Renewables in an Emerging Economy Un modelo basado en agencia para financiamiento crowdfunding de energías renovables en una economía emergente Castro-Cárdenas, Cecilia Ibarra-Yunez, Alejandro Inversión y capacidad Energías renovables Crowdfunding Investment & Capacity Renewable Energy Crowdfunding Mobilizing finance for investment in renewable energy is a challenge for climate change mitigation via fostering the layout of new projects. The challenge becomes critical in emerging or developing economies, mainly because the architecture of financial intermediaries as well as their instruments are shallow and insufficiently developed. The present investigation reviews alternative vehicles of finance applied specifically to renewable energies, that are intermittent, so-called non-dispatchable, and innovation- plus capital-intensive, as compared to conventional sources. The high degree of investment irreversibility and with relatively high uncertainty in the regulatory and wholesale market, calls to carefully design origins of finance at the government, private, and mixed levels. An agency-based theoretical framework is proposed within our ongoing research effort that includes green banks, state banks, bonds, and mainly, crowdfunding, that could be applied to Mexico. La movilización de financiamiento para la inversión en energías renovables es un desafío para la mitigación del cambio climático a través del desarrollo de nuevos proyectos. El desafío se vuelve crítico en las economías emergentes o en desarrollo, principalmente por la arquitectura de los intermediarios financieros, así como sus instrumentos, los cuáles son superficiales e insuficientemente desarrollados. La presente investigación analiza vehículos alternativos de financiamiento aplicados específicamente a energías renovables, que son intermitentes, llamadas no despachables, e intensivas en innovación y capital, en comparación con las fuentes convencionales. El alto grado de irreversibilidad de las inversiones y con una incertidumbre relativamente alta en el mercado regulado y mayorista, llama a diseñar cuidadosamente los orígenes del financiamiento a nivel gubernamental, privado y mixto. Dentro de nuestro esfuerzo de investigación en curso, se propone un marco teórico basado en la teoría de agencia que incluye bancos verdes, bancos estatales, bonos y, principalmente, crowdfunding, que podría aplicarse a México. ACACIA A.C. 2022-11-03 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo revisado por pares application/pdf text/html https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/309 10.46443/catyp.v18i2.309 Ciencias Administrativas. Teoría y Praxis; Vol. 18 No. 2 (2022): JULIO - DICIEMBRE; 12 - 28 Ciencias Administrativas. Teoría y Praxis; Vol. 18 Núm. 2 (2022): JULIO - DICIEMBRE; 12 - 28 2683-1465 2683-1457 spa https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/309/353 https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/309/354 http://creativecommons.org/licenses/by-nc-nd/4.0
institution CIENCIAS ADMINISTRATIVAS
collection OJS
language spa
format Online
author Castro-Cárdenas, Cecilia
Ibarra-Yunez, Alejandro
spellingShingle Castro-Cárdenas, Cecilia
Ibarra-Yunez, Alejandro
A Crowdfunding Agency Model for Renewables in an Emerging Economy
author_facet Castro-Cárdenas, Cecilia
Ibarra-Yunez, Alejandro
author_sort Castro-Cárdenas, Cecilia
title A Crowdfunding Agency Model for Renewables in an Emerging Economy
title_short A Crowdfunding Agency Model for Renewables in an Emerging Economy
title_full A Crowdfunding Agency Model for Renewables in an Emerging Economy
title_fullStr A Crowdfunding Agency Model for Renewables in an Emerging Economy
title_full_unstemmed A Crowdfunding Agency Model for Renewables in an Emerging Economy
title_sort crowdfunding agency model for renewables in an emerging economy
description Mobilizing finance for investment in renewable energy is a challenge for climate change mitigation via fostering the layout of new projects. The challenge becomes critical in emerging or developing economies, mainly because the architecture of financial intermediaries as well as their instruments are shallow and insufficiently developed. The present investigation reviews alternative vehicles of finance applied specifically to renewable energies, that are intermittent, so-called non-dispatchable, and innovation- plus capital-intensive, as compared to conventional sources. The high degree of investment irreversibility and with relatively high uncertainty in the regulatory and wholesale market, calls to carefully design origins of finance at the government, private, and mixed levels. An agency-based theoretical framework is proposed within our ongoing research effort that includes green banks, state banks, bonds, and mainly, crowdfunding, that could be applied to Mexico.
publisher ACACIA A.C.
publishDate 2022
url https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/309
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