- Date: January 24th, 2019 | Report | 18 Pages
Over 135 million people worldwide are in need of immediate humanitarian assistance because of conflict and climate impacts, with more than 68 million forcibly displaced in 2017. Record numbers of refugees are stretching resources, and global institutions are struggling to respond. At the same time, many of the countries at greatest risk of conflict also have the highest levels of energy poverty and are significantly vulnerable to the impacts of climate change.
To address these interconnected dynamics, Energy Peace Partners in partnership with Center for Resource Solutions released Peace Renewable Energy Credits: Facilitating High-Impact Projects in Fragile Regions, a report introducing a new mechanism for financing renewable energy generation facilities in conflict- and crisis-affected countries. Called the Peace Renewable Energy Credit (PREC), this instrument can help finance new generation while delivering additional pro-peace co-benefits associated with new clean energy assets in conflict and crisis settings.