Incentivizing Renewable Energy Systems in Swaziland
Client
United Nations Development Programme
Faculty
Giuliano Bosi
Team
Xinchong Cao, Robert Chislett, Sheng Cui
| The United Nations Development Programme (UNDP) partnered with Swaziland to launch Partnerships for Affordable Renewable Energy in Swaziland (PARES), aiming to support Swaziland’s transformational shift towards a sustainable development path by encouraging renewable energy (RE) applications throughout the country. UNDP engaged a Capstone team to support PARES in developing frameworks across all sectors that incentivize capacity-building and capital investment for establishing a competitive RE market. The team executed cross-country studies analyzing practices in Liberia, Tunisia, and Armenia to identify best practices. The team also conducted interviews with stakeholders to identify the socio-economic conditions surrounding the development of sustainable energy policy reform. The team provided policy recommendations including the development of the Swaziland Impact Bond (SIB), which involves the synthesis of a special purpose vehicle financing strategy along with derisking instruments within a social impact bond framework. The SIB incentivizes public and private sector collaboration and support of the sustainable development of Swaziland’s RE industry. |
Focus Areas
Capstone Year