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.
Capstone Year
2017-2018